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

[clevernonsense.livejournal.com]

I think the popular theory is 25% of gross income on housing. But that's probably roughly 1/3 of net anyhow.

I think I've been under or around the 1/3 net for quite some time. I'm a fair bit under 1/4 at the moment, but we just bought a place so that'll be changing soon :/