33% of your income is still too fucking much for rent
My parents’ mortgage in the 1980’s was about 15% of our household income. Only my dad worked. It was a house large enough for a few kids, a home office, a guest bedroom, and a big basement entertainment room.
Until a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone’s saying 33% like there’s some sort of thought behind that number other than “We want more of your money”…
33%? For the last 5 years I’ve been paying closer to 45-50%.
That’s not counting power bills, which cost several times more than in the US.
I recently had an exhaustive back and forth with a status quo warrior that said actually the poorest workers in the United States were spoiled and rich actually because the GDP was so dazzlingly high compared to other countries.
That was it. That was the entire basis of that smug asshole’s argument. Rent and healthcare costs don’t real. Rejoice, you ungrateful poors.
There’s always some chucklefuck that jumps in with “YoU’Re ThE gLoBaL 1%!”
Isn’t GDP a pretty bullshit metric in general? At least outside of the narrow thing its used to measure
Huh, I only spend 25%. But then again, I rent from municipality owned housing in Sweden.
2/3 on my mortgage. Yay.
With any luck my income will continue to grow and this will change in the next few years.
And I’m feeling better and better about buying even if the timing was at the peak last year.
No, I sure as fuck do not. I bet it would’ve been nice though.
I remember only spending half my income on rent. And I’m old. But also from a high cost of living area.
All my life I have spent most of my income on housing and I am older than 35.
how to lower your rent with one simple trick. Landlords hate him!The maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry.
Glad to see this was already posted
My mortgage is literally one half of one week’s net income.
You want a pat on the back?
Just pointing out that it’s all relative.
