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

[nowalmart.livejournal.com]

Right now I am paying a little over 1/4 of net monthly income (of course that is a bit confusing, since I am also putting money from my gross income into a 401(k) and an employee stock plan).

I am moving next month (from Powderhouse to Teele) and my new rent will be closer to 1/3 of net.

(Right now I have three roommates, the new place will only have two roommates).