is it okay if rent is 50% of your income???

[imbored21]

Everyone says 30% of your income but if people actually do that how is 80% of Americans living paycheck to paycheck?? I don't get it. srs. what the ****.

[CopeOnTheRope]

what the ****

[Ratfish]

tfw rent is 0% of your income hehe

[ramimotemem]

Yeah bro, giving 50% of your money to some stranger is definitely ok.

[TryingBB]

Wtf man? No it’s not ok.

Get a roommate opie. Or better - get a whale of a GF and let her pay the rent and bills.

Yeah bro, giving 50% of your money to some stranger is definitely ok.

Giving away? Wtf? It’s called rent!

You give away a portion of your money when you pay for groceries too? Wtf maaaan

Fkin miscers

[multiplemiggs]

Don't tell me you're paying 30% to sleep in you kitchen?

[headturner1]

whats this rent thing you're talking about? sounds like some kind of poor people tax. or dumb people tax....

It’s super common to go straight from living at home to being a home owner.

[ramimotemem]

Giving away? Wtf? It’s called rent!

You give away a portion of your money when you pay for groceries too? Wtf maaaan

Fkin miscers

Mortgage (investment) vs rent (pissing away money)

As for the food, I buy most of it in bulk from farmers I have relationships with.

[HairyWBush]

It’s super common to go straight from living at home to being a home owner.

everyone owns a home!

[TryingBB]

Mortgage (investment) vs rent (pissing away money)

As for the food, I buy most of it in bulk from farmers I have relationships with.

You pay them with your self grown grains and meat? (No homo)

J/k chilll maaaan

Mortgage can also be a bad choice depending on many factors but yea if you plan to sticking around that city you’re in better position most of the times just buying a house well within or below your means. Else you’ll be paying that interest and build not equity. If you sell within a few years - there goes your equity in commission and closing costs...

[401Delta]

Yes, as long as the remaining 50% is enough to cover hookers and booze and still have enough left over for emergencies.

[dannyg1217]

Ironically only if you're making bank, then you'll have plenty left over. If you're not banking then no because you'll be house poor

[ramimotemem]

You pay them with your self grown grains and meat? (No homo)

J/k chilll maaaan

Mortgage can also be a bad choice depending on many factors but yea if you plan to sticking around that city you’re in better position most of the times just buying a house well within or below your means. Else you’ll be paying that interest and build not equity. If you sell within a few years - there goes your equity in commission and closing costs...

I'm chill brah, and no I pay them with my homegrown banana and apples.

ANd for sure, it depends on your situation. It was just sarcasm though, as 50% of your income going into rent is beyond ridiculous.

[imbored21]

Yes, as long as the remaining 50% is enough to cover hookers and booze and still have enough left over for emergencies.

My escort is 1k/hr. That's why I'm worried.

[imbored21]

Ironically only if you're making bank, then you'll have plenty left over. If you're not banking then no because you'll be house poor

that's a good point. 50% of a big salary is a lot more left over than someone making poverty wages only spending 20% on rent.

[imbored21]

I also have 0 social life. Spend $4 a day on food and have no kids/pets.

[LtGoose]

I make 200k/year and pay around 8k/month on rent

[imbored21]

I make 200k/year and pay around 8k/month on rent

nice man. do you slam pussy??

[LtGoose]

nice man. do you slam pussy??

Girlfriend gets mad if I talk to other chicks

[CartsofDarkness]

depends on what you can afford and how you live your life. im more comfortable with paying close to 50% my take home but i also only chill at home. i rarely eat out and dont have a vehicle.

lol at the typical inheritance miscers who talk **** bout renters. thinking its so easy to own a house by yourself. dummies dont know ****. not to mention they seem to always think renters are renting houses.

[imbored21]

depends on what you can afford and how you live your life. im more comfortable with paying close to 50% my take home but i also only chill at home. i rarely eat out and dont have a vehicle.

lol at the typical inheritance miscers who talk **** bout renters. thinking its so easy to own a house by yourself. dummies dont know ****. not to mention they seem to always think renters are renting houses.

same but i spend 3k/month on hookers. :/

[Jasonw1178]

Would live in my car SRS.

My uncle lived in the same apartment for over 30 years. As I recall, the place went through two owners and tree names. When he moved they not only wouldn't give him his deposit back but tried to charge him some huge amount of money because they had to do a full remodel because they had updated all the other apartments twice. fuk apartments srs

[CartsofDarkness]

Would live in my car SRS.

My uncle lived in the same apartment for over 30 years. As I recall, the place went through two owners and tree names. When he moved they not only wouldn't give him his deposit back but tried to charge him some huge amount of money because they had to do a full remodel because they had updated all the other apartments twice. fuk apartments srs

FYI you rarely ever get your full security deposit back. maybe like 1-2/5th of it. also it was 30 years ago, how much was it... 100-200$?? LOL

not sure how they could go after him for remodeling in ANY way. also when apartments do full remodels they typical kick out all the current tenants. fairly standard practice. sounds like a BS story

[TryingBB]

I make 200k/year and pay around 8k/month on rent

This right here. It’s not just about how much you make. It’s also about how much you save.

[bsrkoacar2]

I can't imagine that! I pay $70 a month out of pocket on my mortgage. 2 house on one large lot, rent one, live in one.

[topper1]

30 is gonna be generally recommended for the average person.

Ways to get away with a higher mortgage would be having no car payment, no credit debt, subscriptions to 20 different TV channels etc... still would not be advised but would be much more realistic if it was one of the only monthly bills coming out after necessities.

[Schism45]

If you live somewhere where rent for a single person is 50% of your income... find a 5 or 6 bedroom house for 2-3x the rent and live for free with 4-5 roommates paying the bills.

Rent doesn't scale linearly with square footage in ultra high cost of living cities.