what ratio of your salary should be spent on rent?

[masterxfob]

either you guys make a whole lot of money and live like peasants, or you don't live in a major city. i live in los angeles, ca and my rent is about 40% of my net 🙁

 

[Ronin]

I'm in San Diego...believe me, I feel your pain (and I'm about to move to Carmel Mountain).

 

[cerebusPu]

Originally posted by: masterxfob
either you guys make a whole lot of money and live like peasants, or you don't live in a major city. i live in los angeles, ca and my rent is about 40% of my net 🙁

same with me. i live in a major city and its about 40~45% after tax.

 

[ElFenix]

my aim is for 25% of my after tax, after medical insurance income to be paid for rent (mortgage) and car (car payment + insurance) combined.

i think people are overinvested in real estate.

 

[tk149]

I'm looking for an apartment right now, and it looks like I'll be paying 33% of my net.

 

[cHeeZeFacTory]

i'm between 1/2 and 1/3, high cost of living in orange county 🙁

 

[pmoa]

10% here in baltimore

 

[neutralizer]

Originally posted by: Ronin
I'm in San Diego...believe me, I feel your pain (and I'm about to move to Carmel Mountain).

My parents have a house in Carmel Valley and a condo in University City. That's a huge drain. As for my salary, 0% because my parents pay for my college room and board 😀.

 

[Cutterhead]

Heh, that's exactly what I pay (1/3 of my after tax salary).