what % of your income goes toward rent?

[Prophylaxis]

40%

FUCK SYDNEY

 

[Bill]

Bill:

How can anyone have 0%? Even if you own property, there is sales tax. If you live with a sugar moma or with parents, then there is some obligation, no?

I am thinking that there is no free lunch. If not with money, then how are you paying? if not, share your secret to 0% rent costs.



Yet, I am going to establish geographical mobility, so that is another story. So, I anticipate that starting in February 2014, I will be moving, traveling and finding places to live in lower cost areas, but in those situations, I may be living out of hotels - travel-style, which will change the whole package of expenses.

what % of your income goes toward rent?

This was the question, right? - As I said I don´t pay rent. Yes I do have some other costs which are extremely low as I am here in Ankara. I am owner of the flat, the taxes and fees are very low here in Ankara,, it´s almost nothing. Also flats are quite cheap. About 30k Euro.

I also do want to make your style of trip to other countries but the hotel costs suck. Let´s see. - One has to live and work (Salsa teacher?) in a good country and own a flat. Paying rent sucks. - In Munich I paid almost 40% for rent.

 

[The Great Basilisk]

Less than 10%, water, electricity and internet included.

 

[JayJuanGee]

I also do want to make your style of trip to other countries but the hotel costs suck.

My travel ideas are currently in the planning stages, and I have not completely shored up all of my income streams - yet nonetheless, my kinds of costs are going to change, and I will have some transitional cost issues.

Then in the end, I will be keeping track about how much it will be costing me per month to live in hotels. My initial plan is to kind of keep moving but to stay in each city for about a month or so (and attempt to obtain a little bit cheaper lodging by negotiating lower rates for longer stays)... so maybe, while traveling, I can keep lodging well below $1000 per month.

One has to live and work (Salsa teacher?)

In the short-term, I am not planning on engaging in any work activities. BTW, my first trip will be from about February to June. Then I will return to the States, and my second trip will be from August to ??? not sure how long maybe 6 months? Hopefully, this Govt shut down crap does not interfere with my plan and create too much world chaos that can be disruptive b/c I am not at all financially independent to the well being of the dollar - and in essence my plan assumes dollar stability. And, in my humble opinion, dweebs in DC can mess up my plans.

Also, I have other skills besides salsa dancing that I could fall back upon to supplement my income and to occupy some of my time, if needed. The salsa dancing angle could be more fun, though. I will be exploring various angles for activities and I would not be opposed to being paid for some of my activities, if that is what i chose to do.

Paying rent sucks. - In Munich I paid almost 40% for rent.

Seems inevitable that there is always going to be some costs for lodging, and even in the end, your lodging costs in Ankara still may be 1% or more of your income by the time you really look at it (taxes, utilities) Probably, it is too cold to live in Ankara in a cardboard box, and even guys living in cardboard boxes probably have some lodging costs, such as the cost of having people steal your stuff (even in some places the cost of having the police destroy your stuff, which sometimes happens). I hope to never have to live in such conditions such as a box or a shantytown. But, i tend to be fairly curious, and i DO NOT mind visiting those kinds of places, and seeing the way other people live.

 

[Que enspastic]

I overhead this chick at work saying she was in massive debt today.

She is paying £300 per week which is double what I am paying. She has the same position as me, same pay, so she would be paying around 80% of income after tax on rent.

 

[iknowexactly]

This was the question, right? - As I said I don´t pay rent. Yes I do have some other costs which are extremely low as I am here in Ankara. I am owner of the flat, the taxes and fees are very low here in Ankara,, it´s almost nothing. Also flats are quite cheap. About 30k Euro.

I also do want to make your style of trip to other countries but the hotel costs suck. Let´s see. - One has to live and work (Salsa teacher?) in a good country and own a flat. Paying rent sucks. - In Munich I paid almost 40% for rent.

40k USD for a decent flat? Can foreigners own a flat in Turkey?

THink you can get Russian girls to visit in the winter?

I start making enough to buy one in about three months work soon.
God I hate paying rent, but living in shitholes is even worse.

 

[Bill]

This was the question, right? - As I said I don´t pay rent. Yes I do have some other costs which are extremely low as I am here in Ankara. I am owner of the flat, the taxes and fees are very low here in Ankara,, it´s almost nothing. Also flats are quite cheap. About 30k Euro.

I also do want to make your style of trip to other countries but the hotel costs suck. Let´s see. - One has to live and work (Salsa teacher?) in a good country and own a flat. Paying rent sucks. - In Munich I paid almost 40% for rent.

40k USD for a decent flat? Can foreigners own a flat in Turkey?

THink you can get Russian girls to visit in the winter?

I start making enough to buy one in about three months work soon.
God I hate paying rent, but living in shitholes is even worse.

I am not investing energy in girls at the moment but when I probably move to the coast I will certainly meet some chics there. - Here in Ankara the environment is better for reading, learning and planning stuff at least for me which is ok at the moment as I am a minimalist.

Many foreigners buy properties in the coastal regions. The prices are quite ok. But as an American you might have better options with countries close to the American border. Also in the matter of girls Turkey might not be a good option.

 

[kosko]

Ideally it shouldn't be more than 22-27%. I have student loans so I essentially just use it as a rent subsidy but minus the loans I would be at 78%, with about 20%. Toronto is rape and what's worse about it is there is no uniformity in prices. Some girl can have a nice rack and swoon a landlord and pay 600 for my apartment, while I pay close to a grand. This girls lives with two other broads 10 mins away from me, if that, and pays 50 bucks less with two roommates.

 

[PanzerTape]

No income at the moment, so that's 0%. That doesn't mean I'm not paying rent though, just that 0*n = 0.

 

[jdreise]

I pay 3000 Chinese RenMinBi per month for a comfortable 36 square meter studio in Shanghai. That's roughly 500 USD. I made about 31,000 RMB last month after taxes(although I'll make more in the coming months). Utilities amount to only 180 RMB or so, so that's about 10% of my income.

Thing is, my work gives me a stipend for 3000 RMB so I don't really pay much of anything in the end.

Before coming to China, I was paying $750 per month for a studio in Long Beach, CA plus basic utilities while earning $2500/month after taxes.

0% versus 30%.

Tough call there, right?

 

[bodmon]

Ideally it shouldn't be more than 22-27%.

i feel like that's impossible downtown unless you share. as high as my 37% sounds it could've been way higher were it not for my admittedly above average salary.

now consider an average late 20s early 30s guy, making, say, $42k/yr or $3500/mo. say after taxes, CPP, EI, etc. he has 80% left, or $2800. the ideal 22-27% rent is $616-756 for him. now where's he gonna find something in that range for himself lol. i've seen bachelors going for as high as $1100. i don't know how some people do it.

 

[kosko]

Ideally it shouldn't be more than 22-27%.

i feel like that's impossible downtown unless you share. as high as my 37% sounds it could've been way higher were it not for my admittedly above average salary.

now consider an average late 20s early 30s guy, making, say, $42k/yr or $3500/mo. say after taxes, CPP, EI, etc. he has 80% left, or $2800. the ideal 22-27% rent is $616-756 for him. now where's he gonna find something in that range for himself lol. i've seen bachelors going for as high as $1100. i don't know how some people do it.

Yeah that's where it gets dicey because you would have to share. Its doable to find stuff for 750-800$ but it won't be "downtown" unless you find a lucky deal. But as prices rise people gravitate, the East is still way cheaper and locations as far west as Lansdowne, or far north as Dupont/Davenport are cheaper and in that range listed. You can be 'near' downtown while saving a little bit of cash.

I don't see the benefits of living far as hell out and away from work and your daily rotations, the extra cost to live near by is worth it unless you have a situation in which your living for dirt cheap or free. The thing is that especially in Toronto and Ontario the Govt foolishly has made it completely toxic for developers to build rental units. Only recently in select parcels downtown has it become viable but for a long time there was a 20 year gut on large rental units in Toronto. Only from the speculative condo boom have we seen rentals go up but at inflated prices.

 

[_DC_]

30% after tax, but with an awesome place in South Beach.

With no car needed and no state income tax its a great deal IMO.

 

[teh_skeeze]

I live at home so 0%. If I were to leave (been considering it), my rent would be around 50% for an efficiency (studio). I would also have to give up my transportation. If I wanted a full one bedroom that number would jump to about 66% pre-tax. Probably not going anywhere for a while. Morris County NJ is fucked up when it comes to property.

 

[Que enspastic]

Ideally it shouldn't be more than 22-27%.

I would need to earn £34100 (US$54650) to hit 27% on rent. My accommodation would be one room in a five bedroom flat in an ex-council house estate in London. Can touch both walls in my room standing still.

Surely 27% is too low to pay as a percentage of income on rent. At least for some cities.

 

[2014]

earning $5,200 a month, renting for $485 so around 9%

 

[Handsome Creepy Eel]

Holy fuck, I envy you guys. For me it's 35% (just rent, no electricity or similar stuff). I track my expenses with much detail, so I know that my expenses are structured roughly like this:

35% rent
20% fixed expenses (electricity, water, trash disposal, internet, phone)
22% food
8% health and hygiene (medicines, sanitary products, dentist)
10% fun (drinks, eating out, travel)
5% savings

HCE:

I like how you broke this down, but I find your numbers a little stressful. High rent and low savings. I imagine by savings you also mean investment like 401K or something like that?

It is stressful indeed. I could reduce rent by renting just a room (or having a roommate) instead of a very small apartment like now, but then I'd be better off just moving back to my parents' place. It gets tight sometimes, although the freedom is worth it, particularly as far as game goes. I have close to the average wage (800 vs. 940 $ / mo) for my country and I can't imagine how anyone with a smaller wage could pull off living alone. It's no wonder that most people here either live with their parents or move to family's other apartment (if available) when they get married.

By savings, I mean several bank saving accounts to earn interest on the money I saved up. I have a few of them in my "rotation": one "expires" every month, one every three months, and one every year. That allows me to get a reasonable interest rate while always having something extra available in case of emergency.

The good thing is that, as my income increases (hopefully it will), the expenses are going to stay fixed, but my savings will increase.

 

[AneroidOcean]

33% after taxes at my main job, I'm making shit for pay right now.

I live in a busy beach town on the west coast. I negotiated a lease which allows me to sublet my small 2 bedroom place within sight of the water and pier and short walking distance to the restaurants/shops/bars.

The sublet allowance has allowed me to lower my rent by nearly 5% of my after tax income by renting the other bedroom out for more per month.

 

[Veloce]

23% after tax

I have super low expenses elsewhere. I eat for free. Paid off car. Not a big spender. I spent a shitload last year on clothes and goods that I'm still using this year. No T.V.

This year I'm saving 39-47% of my income depending on the month and pop-up expenses.

 

[artur jedi]

Studio, top location 45% net income (most utilities included). Warsaw, Poland.
And this is low price for the location, and average pay in Warsaw.