Is it foolish to pay $4400 in rent if earning only $10000 a month?
44% after tax income for rent 😳 About 25% pretax income. How much should I consider as threshold? (Salary increases 4%, and upgrading from 2 bed to 3 bed, which I can’t avoid, increases the cost by 60% 😢)
It’s more foolish to use cat emojis
Why do you need so much space? Do you have kids? Working partner? Roomates?
A bedroom to sleep, one for kid another for home office.
Well if you have kids I think having space is important, but 44% goes to rent is a bit too much but if you feel it is necessary to not downsize (like use living room as office space, etc) then I think 4.4K for 3b is not a bad deal
Sounds fine. Overall your home+car expenses should be under 35% of pretax income
Reporting this.
What's wrong here? We can't suggest to avoid violent neighborhoods is it?
Nah you should use all the income yolo
NW?
Bro. Not really wise tbh. If you don’t have a car, maybe it is okay though
Yes
Yes
YES