Quote:
Originally Posted by Darrow
I would never consider living there then. That really sucks, how do you possibly make it?
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I live where I want to live and their are associated costs to that. If I wanted to live somewhere cheap then odds are I would be somewhere I would not be happy.
And like I said in my first post in this thread. Paying 25% of your take home pay on RENT/MORTGAGE when making $20k/yr leaves you with $900 leftover for the month where making $100k/yr and spending 50% of your take home pay leaves you with $3100 leftover a month. So locking into a % is meaningless since your salary or income alter that dramatically.
The trick is to not spend so much on RENT/MORTGAGE that you have no living expenses left over. Regardless if that is 10% of income or 90%.
I manage a nice living even paying at such a high rate of my income to rent.
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