I’m wondering if the people in this thread who are saying they pay less than 30% of their income on rent as if it’s some sort of trick or achievement actually understand percentages since they don’t seem to understand that the “nearly half” part of the headline puts them in the majority…
Same people that refuse a pay raise because they don’t understand the core concept of tax tables.
I don’t know anyone spending less than half of their income on housing.
i spent roughly 40% on average last year. this year my insurance has spiked more than 60% so thats history
You live in Florida?
no. texas
they make your walls so thin so you can hear your landlord masturbating to this
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And that is only going to go up. In my area at least, the price of rent has gone up ~15% per year for the last 5 years. In 5 more years the apartment I was renting will cost more per year than my house payment.
I wish. I’m at a little below half lately.
Us too.
nothing but greed drives it.
I know that rent has gone up, but you definitely can hack it. I never spent more than 30% of my take home pay on rent. I managed that by looking at places that fit my budget or living with roommates. Pretty much you won’t have very good luck if you’re a single person trying to rent your own place though. In terms of finding places within budget, I always avoided any type of new buildings built in the last five to ten years or so. The cost of those is usually highest. They’ll promise flashy amenities, but it’s usually not worth it. Also, avoid corporate landlords. If you can, find a mom and pop landlord that’s been in business for awhile. They usually have better deals and don’t go up on rent every year provided you’re a good tenant that pays on time and doesn’t cause any stresses for them. You’ll have the best luck with this if you stick to places where people list their own properties like Craigslist, Facebook marketplace, etc. Avoid spots that corporate landlords use like apartments.com.
Edit: Or, don’t. Ignore this advice and pay through the nose. You’ll be renting forever.