What’s the most you’d be willing to pay for rent/mortgage monthly, and what’s your monthly comp?
For Rent: $4k/month For mortgage: $(Income - 4k)/month
Why income minus 4K?
Cuz I need to reserve $4K for food, car, shopping, studying, recreation etc.
$2200 max, about $7500 monthly
$3500 max/about $8000 monthly
8k after tax ?
Yes, after tax
No more than necessary to be safe and get good sleep. I was living in downtown SF at first and paying about 1/4 my take home pay in rent. Then I moved to the East Bay for a place that wasn't nearly as fancy but cost about half what I was paying before. It's a kinda weird older building with lots of quirks and not a lot of space, but it's clean and quiet. I prefer to spend my discretionary income on travel. (And to save most of it.)
Currently pay a bit under 1/8th (edit: ~$500) of my after-tax take-home per month, renting and splitting a 1 bedroom with my partner. One of the reasons I decided to stay in Canada after graduating!
Income tends to be lower in Canada though, eh?
Sure is, but work life balance (6+ weeks vacation not counting public holidays, 40 hour work week) makes up for it IMO.
50-60% of after tax salary+bonus (not counting rsu)
$25k monthly combined take home, $5k spent on mortgage + property tax. Tons of money left for savings and buying more properties. We could have bought a much more expensive home but would rather retire early and invest in rental properties.
Gross $12500/month Max I'd spend on rent: $1800
3500 and I make around 500k gross. I'm cheap and like to save.
500k gross is pretty good for eng. What level are you? Did you join early?
Thanks! I did join early but I've vested all of my equity. 30%-ish comes from investments and the rest salary/refresh/bonuses. I'm not sure how my level maps to Uber or other companies but I usually go with low-mid Principal as a reference. I don't drink, which saves a lot. I didn't have student loans because I paid them off as they rolled in with my full time gig. I also kept my rent low early on (sub 1800/mo). I've been re-investing my saving ever since I started making a salary.
World Conflicts
12h
494
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
World Conflicts
16h
1062
Why do Indians support Israel so much( on blind surprisingly) when Israel really thinks 💩of them ?
Tech Industry
6h
317
Friends where are you investing these days?
Ask Blinders
15h
1616
How big are the balls of Google to lay off thousands and then do 70 BILLION in stock buyback?
Tech Industry
Yesterday
1665
Companies that pay as much as meta
One third
Gross or take home pay?
I’d like to say take home pay but if I need to stretch it than I’ll go to a third of gross. If housing prices start costing me more than that I would weigh up moving some place else and getting a different job. All depends on my bottom line in at the end of the year—how much money I’ve saved.