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What percentage of your monthly income goes to rent? - Page 7

post #91 of 138
~9%
post #92 of 138
post tax, I spend about 25% on rent (really living it low like a student at this point to save), 25-35% at least goes into savings per month, and the rest is for stuff like food, transport, and discretionary spending
post #93 of 138
^^ in which area do you live? hard to find a decent place for sub $1300 in TO unless you're living in a basement apt, and then perhaps you can get ~ $750.
post #94 of 138
0%

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post #95 of 138
before taxes, 19% this includes EVERYTHING (food, rent, transport) all the rest goes into savings.
post #96 of 138
Our mortgage works out to about 9% of our pre-tax income. If we add in the property taxes, it goes up to about 14%.
post #97 of 138
Quote:
Originally Posted by chrisjr View Post

^^ in which area do you live? hard to find a decent place for sub $1300 in TO unless you're living in a basement apt, and then perhaps you can get ~ $750.
doing chinatown in a house full of people... so rent's like $600. It's basically college living for the next year or two to save that extra $700/month instead of living the good bachelor life
post #98 of 138
Quote:
Originally Posted by Master-Classter View Post

doing chinatown in a house full of people... so rent's like $600. It's basically college living for the next year or two to save that extra $700/month instead of living the good bachelor life


dang man i'm done w house living after uni. i want to check out this place, looks massive.
http://toronto.kijiji.ca/c-real-estate-apartments-condos-1-bedroom-RICHMOND-ST-WEST-BATHURST-FABULOUS-LOFT-W0QQAdIdZ365216845
post #99 of 138
27% of gross right now, but a new job in August and moving in with my gf will see that number plummet to a very, very nice 7%. smile.gif
post #100 of 138
Quote:
Originally Posted by chrisjr View Post

dang man i'm done w house living after uni. i want to check out this place, looks massive.
http://toronto.kijiji.ca/c-real-estate-apartments-condos-1-bedroom-RICHMOND-ST-WEST-BATHURST-FABULOUS-LOFT-W0QQAdIdZ365216845

Dang, thats the kind of space I'd love to find in chicago. I'd even pay 1800 for it (or less for smaller)...lol like that would happen here smile.gif

I like open plans for a 1BR. It would need some work (doesn't appear to have any closet/storage space and needs more in the kitchen) but since you don't really need sound-proof privacy in the bedroom, it would be an excellent candidate for building some sort of non ceiling height bedroom partition out of wardrobes/closets/shelving.
This would allow you to still have a cordoned off bedroom so guests aren't looking directly at your bed (good if you don't like making the bed) and your trash can full of condom wrappers and kleenex...but you could decide exactly what shape and how big the "bedroom" should be while maintaining the openess of the space with some 8ft tall or so room divisions.
post #101 of 138
Quote:
Originally Posted by otc View Post

Dang, thats the kind of space I'd love to find in chicago. I'd even pay 1800 for it (or less for smaller)...lol like that would happen here smile.gif
I like open plans for a 1BR. It would need some work (doesn't appear to have any closet/storage space and needs more in the kitchen) but since you don't really need sound-proof privacy in the bedroom, it would be an excellent candidate for building some sort of non ceiling height bedroom partition out of wardrobes/closets/shelving.
This would allow you to still have a cordoned off bedroom so guests aren't looking directly at your bed (good if you don't like making the bed) and your trash can full of condom wrappers and kleenex...but you could decide exactly what shape and how big the "bedroom" should be while maintaining the openess of the space with some 8ft tall or so room divisions.

it's a very unique place. i havent seen many others like it in the toronto market. $1800 will usually get you a 1bdrm + den at ~700-750 sf in a building with nice amenities.

can't seem to see the bathroom in the pics though. i presume it's dumpy as hell.
post #102 of 138
Quote:
Originally Posted by chrisjr View Post

can't seem to see the bathroom in the pics though. i presume it's dumpy as hell.

I'm not much of a bathroom person. As long as it is clean and relatively good shape, its not hard to lay down a nice coat of paint and replace a few fixtures. An ugly/rotting vanity can be fixed up too without replacement (like this guy does ). Basically I need a clean place to take dump and shower. Doesn't need to be big (small bathrooms get all nice and warm as soon as you turn on the shower anyways) or have marble countertops, just needs to work.

My current place has about the bare minimum bathroom size that you could have while still having a tub...and it just means more square feet for the parts of the place I spend time in.
post #103 of 138
interesting space, and not really that expensive considering how nice you could make it with some design work.
post #104 of 138
Quote:
Originally Posted by otc View Post

I'm not much of a bathroom person. As long as it is clean and relatively good shape, its not hard to lay down a nice coat of paint and replace a few fixtures. An ugly/rotting vanity can be fixed up too without replacement (like this guy does ). Basically I need a clean place to take dump and shower. Doesn't need to be big (small bathrooms get all nice and warm as soon as you turn on the shower anyways) or have marble countertops, just needs to work.
My current place has about the bare minimum bathroom size that you could have while still having a tub...and it just means more square feet for the parts of the place I spend time in.

thanks for posting that. very cool. and nice to see doing it on such a budget, which is great not just bc i don't have a ton of dough, but also you want to limit the capital you put into a rental.

i may actually give the guy a ring tmrw and go see the space
post #105 of 138
Meis / OTC what about buying something, remember when they had one bedrooms / studios overlooking Soldier Field for like $400k in 2009 or so. Place was pretty nice and had the usual stuff as well as roof terrace. Not sure how much prices have gone up since then but at that cost...
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