In order to be able to save some money (In Los Angeles).
Less than 1/3
Usually you need to make 40x rent. So... $3,250
I haven’t heard of the 40x heuristic. I thought it was either 30% of net monthly or 30% of net TC monthly
1/.3*12 = 40, it's the same thing just annualized.
A good guideline is 30% or less of your take-home.
Dave Ramsey says housing should be a third of your net. That’s very hard in California but should be a goal so you have lots of disposable income.
Shoot for $1k
Keep in mind the 30 percent rule is given to you by standard American highly paid debt slaves
IE Morons who will work till they’re 80 and let a nanny raise their kids
Is 25% of net as a target, with 33% as a maximum
1000 MAX
I got a studio for 1700$ when I had that TC.
Less than 130k
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