balderdash to Memes@lemmy.ml • 2 years agoThe rent is too damn highlemmy.zipimagemessage-square86fedilinkarrow-up1923arrow-down125
arrow-up1898arrow-down1imageThe rent is too damn highlemmy.zipbalderdash to Memes@lemmy.ml • 2 years agomessage-square86fedilink
minus-square@CampRefugeeCounselor@reddthat.comlinkfedilink8•2 years agoUntil 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”…
minus-square@Armand1@lemmy.worldlinkfedilink1•2 years ago33%? 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.
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.