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Spending 30% of my net take home pay on rent - excessive?
Comments
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DannyboyMidlands wrote: »Just worked out that when I was in London my percentage was the same - 15% - but I rented a room. Now out of London, earning slightly less but renting a 2 bed flat with balcony and sea view.
Wow look the difference being out of here does a 2 bed with balcony and sea view for the price you paid for a room!!the way it's gone up so much lately it probably would be a shared room now!! lol!!
I bet it does wonders for you now having that freedom now and you're much happier how you live now!!A lot of fellows nowadays have a B.A., M.D., or Ph.D. Unfortunately, they don't have a J.O.B."0 -
A few years ago i had a flat for a while, and the rental was 25% of my income which was as much as I wanted to pay
Our mortgage is 22% of our combined income.0 -
Our mortgage is going to be exactly 40% of our combined net income - but we have worked it all out and will still have 20% of it left at the end of the month after all (over-egged) outgoings, so we are happy!
Just means I can't give up work when we have kiddiwinks... the lifestyle we chose!0 -
Eek! My rent is 46% of my salary for a 3 bed semi and another 46% goes on bills (excluding food and petrol - thank goodness for tax credits!) But my mortgage payment will only be 28% of my take home pay for a bigger house. Can't wait!0
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hmmm... my rent is 250% of my take home pay. lucky we have housing benefits or I'd be homeless.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
My mortgage is 40% but that includes a large overpayment, without the overpayment it would be about 15%.
Last flat I rented was about 30%.0 -
If you are on a low wage the % is likely to be high, if you are well paid the % is more likely to be low.It's someone else's fault.0
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Housing benefits are the unspoken thing (along with near zero Base Rate) propping up UK's astronomic rent levels and house prices at the moment.0
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