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

[hammercock.livejournal.com]

More like 24% of my gross income and 27% of my net income, I think. But I couldn't realistically go much higher than that -- even now I have some trouble saving -- and I do have to live with housemates. The yearly rent on the entire apartment is almost as much as my gross yearly salary. I figure the minimum rent I could pay living on my own on an apartment in the area would cost about 38% of my gross income -- not worth it for me.