Question to those who rent

[guxx.livejournal.com]

The popular theory is apartment rent should not be higher than 1/3 of net income.

To those of you who rent, does this hold true?

Comments

[tisana.livejournal.com]

Nope. I'm at a little under one half.
However, that was my choice so I could live alone, because roommates drive me nuts, and I drive them nuts. Figured it was better than therapy or legal fees when I tried to brain them.

The formula I heard when younger (from Mom, who probably got it from a very different generation) was for each month: 1/4 rent, 1/4 car (and presumably utilities), 1/4 food/entertainment, 1/4 savings.
Ha ha. "Savings." That's funny.