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  1. #1
    Banned tightteeshirt's Avatar
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    How much of your yearly income should go towards rent?

    I'd like a nice place but they're so damn expensive. renter brahs, what percent of your income do you use on rent?
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  2. #2
    ¯\_(ツ)_/¯ TonyTriangles's Avatar
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    depends....

    if it was just me, i'd be a minimalist and live some place cheap
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  3. #3
    Registered User BigDeeps01's Avatar
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    Zero, should be paying off a mortgage
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  4. #4
    Banned nineOHnine's Avatar
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    Bout 350

    I know so many poor dudes .

    Everything they make goes to rent in a big city.

    Men should always own when possible.
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  5. #5
    Practicing Safe Sets littlemissy's Avatar
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    30% of my paycheck went towards rent until I saved enough to buy my own joint. Now I still put away 30% to make extra mortgage payments and or remodel projects I have in mind / some random **** breaks.

    You gotta have roommates (clean ones - or opt to have a cleaning service come and everyone split it), it's worth it.
    "No Pecs No Secks, Can't do a curl - won't get a girl" - Chengman
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  6. #6
    Registered User bsrkoacar's Avatar
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    Originally Posted by nineOHnine View Post
    Bout 350

    I know so many poor dudes .

    Everything they make goes to rent in a big city.

    Men should always own when possible.
    This... look into first time home owner loan. You can buy a house with a 500 dollar down payment. It would be better to save towards a bigger down payment but that would still be better than rent
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  7. #7
    Banned tightteeshirt's Avatar
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    tightteeshirt is offline
    thanks for the info brahs
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  8. #8
    Registered boomer r32gojirra's Avatar
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    Rent forms around 25-30% of my income at the moment depending on outgoings and any required maintenance, and obviously the rental market.

    To be honest though I’m thinking of getting out of rentals as the property development side is doing a lot better.

    Originally Posted by BigDeeps01 View Post
    Zero, should be paying off a mortgage
    In Australia they’ve basically stopped giving out interest-only loans so you basically have to pay down the capital

    But with interest rates where they are, net rental yields are actually pretty good so keen to know why you think rental should not form part of your investment portfolio
    watch paul hogan movies and eat kangaroo and koala bears and play digiriedoos and throw boomerangs and drive outbacks. So whatever.
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  9. #9
    Registered User THATSfunnyOP's Avatar
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    ****n lol at rentcels and leasecels.

    Money in the trash.
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  10. #10
    Registered User dannyg1217's Avatar
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  11. #11
    Bar Bender naich's Avatar
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    4 bed 3 bath house rented in MCOL area with 4 roommates total.

    I spend 12% of my NET income on rent.

    Lucky to have a solid group of friends/roommates to spread the rent cheap.

    I'll have a 20% downpayment ready in 12-14 months for a house. Would've taken 3x as long if I rented solo, which would be 24-26% my NET income for much less space.
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  12. #12
    Registered User MiamiLife305's Avatar
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    You basically can't rent solo

    Need roommates

    Prices are insane for any place near any sort of nightlife
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    sleep tight pupper
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