Mr Herbert
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What percentage of your monthly income goes to rent?
- Thread starter GreenFrog
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FunLovinStyle
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about 33% of net.
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Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.
imageWIS
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Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.Originally Posted by patrickBOOTH
You can negotiate by paying 2 months ahead of time to assuage their 'fears'.
xchen
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Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.Originally Posted by patrickBOOTH
Factor in how badly they want to get it rented too. I think a lot of landlords might let it slide a bit if a place has been empty for a significant amount of time.
BrianVarick
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Right at around 10%, and that is for both my wife and I who are 22.
Piobaire
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In general, my advice is to keep your fixed payments as low as possible, really in no matter what stage of life you are in. The higher your debt, lower your income, and lower your available emergency funds, the lower % your total fixed payments should be.
I learned this lesson the hard way.
I learned this lesson the hard way.
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about 33% of net.Originally Posted by FunLovinStyle
i have heard this figure from many people in the past
Most landlords won't even rent you something unless your gross salary is equal to 40 times the monthly rent payment. I have no idea how some people get around this.Originally Posted by patrickBOOTH
My gross annual salary is well above 40 times the monthly rent payment (what they ask for in rental applications). Totally different story when considering percentage of net monthly income going to paying rent (what the OP is asking).
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10% or less. Moving to Tokyo in less than a couple months and it might move up to 10% even or so, but it will depend on the place we decide on. I hope it doesn't get too high, otherwise it will be hard to save. Parking spots are $700 a month.
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