Comment on A conundrum

<- View Parent
merc@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

There’s a rule of thumb that your rent / mortgage payments should only be 1/3 of your pre-tax pay. In expensive cities that’s sometimes impossible to manage. But $1300 out of $2000 means you’re spending 2/3 of your pre-tax pay on housing. If you’re taxed at only 20% that means your take-home pay is going to be $1600. After rent you’d only have $300 a month for food, utilities, clothing, transportation, etc.

If I were a landlord and someone on $2000/month wanted a $1300/month apartment, I’d be asking questions too.

source
Sort:hotnewtop