/biz/ - Business & Finance

[Anonymous No.50617422]

What percent of your income goes to your rent?

[Anonymous No.50617455]

>>50617422

Nigga ain't been no renters runnin in years

[Anonymous No.50617488]

>>50617422
A little over a fourth of my monthly income goes to rent

[Anonymous No.50617494]

>>50617422
i live at my parents house

[Anonymous No.50617556]

>>50617494
this
i have already 350k€ saved but so what

decent houses with a pool are like 2000€/month and I would rather stay here than just get on some shitty appartment

[Anonymous No.50617595]

>>50617556
>decent houses with a pool are like 2000€/month
What country? It's the regular price for a small apartment with 2 bedrooms here in Norway.

[Anonymous No.50617624]

>>50617422
I own my home rentoid

[Anonymous No.50617652]

>>50617422
i make about $70k a year after taxes and my rent is about $15k a year. it still feels like too much. fuck kikes.

[Anonymous No.50617676]

>>50617624
>>50617624
>>50617624
>>50617624

[Anonymous No.50617697]

33% goes to my mortgage.

[Anonymous No.50617739]

>>50617595
Well I said decent when I meant as cheap as possible unless its like 2 hours away from Barcelona, see pic related. I've set a maximun price of 3000€

[Anonymous No.50617781]

>>50617422
Just did the math and it's 69%, nice

[Anonymous No.50617811]

>>50617781
Europoor?

[Anonymous No.50617832]

>>50617455
>>50617624
>>50617697
and i guarantee my rent is lower than your property taxes, maintenance, and fees
idiots
renting and owning, one isn't inherently better than the other

think about that
even if your house is COMPLETELY paid off, my rent is still lower than your cost of owning
kek
you don't own shit
kill yourself

[Anonymous No.50617875]

>>50617832
>renting and owning, one isn't inherently better than the other

Except renting gets you nothing, owning gets you a house. You can avoid being homeless forever if you buy a house and a mortgage doesn't change unless you fell for the ARM meme.

[Anonymous No.50617885]

>>50617422
Brown hands typed this post

[Anonymous No.50617891]

>>50617422
after tax? 60%

[Anonymous No.50617904]

Whats 0% of -$25k?

[Anonymous No.50617928]

>>50617875
stop lol
it's more expensive to own a house than rent right now

my rent < your property taxes
my uber/lyft costs < your gas, insurance
renting >> owning if is less than the cost of owning

[Anonymous No.50617941]

>>50617422
50% lmao

[Anonymous No.50617942]

>>50617928
>stop lol
>it's more expensive to own a house than rent right now

Tell that to the $3000 rent and $2000 mortgage in the area I live. Your post reaks of cope

[Anonymous No.50617943]

>>50617832
there are edge cases where renting is better but the vast majority of this rhetoric is from coping poorfags

[Anonymous No.50617965]

>>50617942
The people with a $2000 mortgage signed 6 months age when interest rates were 3% lower

[Anonymous No.50617979]

>>50617942
yes in that case it makes sense to own
i didn't say one or the other is better
it's a common misconception that owning is better than renting because your money "goes to waste"

>>50617943
cost of upkeep is more expensive than rent in most cities now

[Anonymous No.50617988]

>>50617832
I have a paid off house I could sell for over 30% above my cost basis even with the interest I paid breifly. (Paid off after 1.3 yes in summer 2021 after the run).
You're paying your landlords mortgage and after whatever time you spent, you'll still own nothing. You'll be one of those begging for a pod and bag of fried roaches.

[Anonymous No.50618007]

>>50617942
>my bubble is like that so that's how the entire country is!

[Anonymous No.50618057]

>>50617988
im talking about the current state of things you mouthbreather
i own one house in the bay and one in japan
im not paying off anyone's mortgage kek

look at the current stats, it doesnt make sense to only buy right now - renting is cheaper for most people

[Anonymous No.50618218]

>>50617928
I refinanced a year ago and lowered my interest rate to 2.7%. My mortgage will remain the same, while people's rent goes up. Also, my home was valued at $450k 5 years ago, now its valued at $700k, my property taxes have increase slightly, but I know I'm making bank sitting on my home.

[Anonymous No.50618273]

>>50618218
you did good
i would not advise people now to buy a house
all im saying is that owning is not better than renting 10/10 times
but most people here are binary thinkers and can't see the world as a spectrum

[Anonymous No.50618316]

>>50618218
Your "fixed rate" cuckgage will be modified midterm to save the system from "systemic risk" from too many leveraged tards that think they are lifehacking by have "epic deals" on fixed low rates
>but that is not possible
Exactly, that is how they get you to get in debt on the first place.

[Anonymous No.50618369]

>>50618316
lol that's not going to happen
and if it did there would be bigger issues than money

[Anonymous No.50618370]

>>50617422
After tax about one quarter.
For 20 years I paid well over half my salary to rent (capital city). Wasn't worth it.
Now I live in another city where rents have risen so high I'm trapped. I can't move unless I spent most of my salary on rent. Yet "poor people" (read: lazy) qualify for subsidized rent. I'll have to leave the country.
fml.
inb4 "buy" - I'm priced out of that here too.

[Anonymous No.50618435]

£10,500 monthly income
£375 rent
3.5%

[Anonymous No.50618549]

19,5%

[Anonymous No.50618571]

20 percent of my income goes to my rent. I spend all my extra income on shit coins instead of saving for a house.

[Anonymous No.50618596]

>>50618435
an example of renting >>owning

cope
>>50617875
>>50617942
>>50617988

[Anonymous No.50618638]

>>50617928
This
I don't give a fuck about your plywood box. Enjoy property taxes. My parents pay $12k a year in those alone and bitch endlessly about it

[Anonymous No.50618678]

>>50617832
okay, your rent is lower than taxes and maintenance great. except in 20 years they will have 1 million in equity and you will have nothing. i honestly think rentoids are just mathematically morons since they can't grab the basic concepts of equity. if you are a rentoid after 21 then you're either poor or stupid.

[Anonymous No.50618738]

>>50618678
i have two properties
cope

[Anonymous No.50618741]

>>50618435
>>50618596
iyou have liabilities i own assets

[Anonymous No.50618743]

>>50618678
Not everyone knows exactly where they want to live for 20 years, especially not at 21. Damn you must be a boring faggot
In any case, there's no reason to buy a house now. You can pretend line only go up but it's just not true

[Anonymous No.50618813]

>>50618743
he didn't rent and switch jobs every 2 years for a 20-30% salary increase
he coped by saving up for a down payment and being locked into a house kek

[Anonymous No.50618817]

>>50618741
>if you rent you must have zero assets

[Anonymous No.50618887]

>>50617422
not sure what you mean, my renters pay me all of my income

[Anonymous No.50618904]

>>50618273
Your rent will go up 10/10 times.

>>50618316
>modified
lol no, that is illegal. It's funny you think that banks actually hold the mortgages they underwrite.

[Anonymous No.50618917]

>>50618888
oh for the love of pete

[Anonymous No.50618935]

>>50618904
nope, my rent has gone lower and lower every year
cope

[Anonymous No.50619025]

>>50617422
50% or better.

[Anonymous No.50619196]

>>50617422
0 I live with my parents. When I did rent 2-3 years ago it was probably about half to 2/3 my income.
Back then I earned 11$/HR working part time while studying 20hrs a week. So about 800$ a month. Rent was $500-600 a month adding in utilities. leaving me about 200-300 leftover.

[Anonymous No.50619208]

>>50617422
0

I am 33 years old and I live in my old room with my parents. I sitll have Linkin Park and Lord of the Rings posters and my mom calls me every day after work asking what I want to eat

I have a M.Sc in Mechanical Engineering and a 5 year cv gap. I failed to make it in 3 bullruns and I dont even have 6 figures

[Anonymous No.50619225]

>>50618935
>my rent has gone lower and lower every -ACK

[Anonymous No.50619244]

>>50617422
100% of my income goes to rent.

[Anonymous No.50619250]

>>50617422
0
>>50617494
same

[Anonymous No.50619315]

i follow hella high school girls on tiktok

[Anonymous No.50619522]

>>50617422
0%.. still live with my family. paying rent is beyond retarded

[Anonymous No.50619737]

>>50619225
i don't live in the US you fucking idiot
you're an absolute retard

[Anonymous No.50620082]

>>50619208
Same but 31 and had a meme fine art degree, also have never had a girlfriend let alone been hugged by a girl. LMAOOOOOOOOOOOOOOO I got into IT a few years ago though and finally made way into IT security so at least I have an okay salary finally. I'll still never find love so I just live with mommy and save money

[Anonymous No.50620144]

>>50617422
70% goes to Mortgage

[Anonymous No.50620275]

12%
3k income, 330 rent (one of the best areas in the capital city), north-eastern europe

[Anonymous No.50620451]

>>50617422
Mortgage free. Thanks biz.
Fuck merchants.

[Anonymous No.50621077]

>>50620275
Why are you lying?

[Anonymous No.50621205]

>>50617422
0 i live at home with my mommy wife. But if u tallied our income together it would be 12%

[Anonymous No.50621207]

>>50617494
For me, its the McChicken. Also, so am I.

[Anonymous No.50621316]

>>50617832
>property taxes
I don't pay property taxes in my country you filthy nigger.
I pay council tax, but so do rentoids.

I bought my house with cash and I am objectively better off for owning it. I save thousands a year and have paid barely a fraction of that in maintenence because I don't treat it like shit and I fix things myself for pennies.
I can also eventually sell my house, and any other houses I accumulate with all the money I save.

Keep coping faggot

[Anonymous No.50621422]

>>50621316
yeah the tradeoff is that you live in the fucking UK
>kek

[Anonymous No.50621501]

>>50617832
Where do you live that the annual cost of a house with no mortgage is higher than renting? What is the approximate breakdown of these costs?

In Australia the only costs to home owners are:
>Local council rates. Mine are around $3k per year.
>House maintenance costs. Variable, and probably more a cost every few years, but say $2-3k per year.
>I have no strata fees as I have a house not an apartment/town house.
>No annual taxes as we pay tax on the purchase of the property. My purchase tax was 42k. I guess you could simplistically say this works out at 1.3k over a 30 year mortgage.

So my annual costs (excluding mortgage) are under 10k. I would say to rent my house (3 bed within 8km of Melbourne) would be easily 700/week or 35k a year.

[Anonymous No.50621563]

>>50621422
Who are you quoting, newfriend?

[Anonymous No.50621589]

>>50621316
If you live in some euro shithole nobody cares that you own a home buddy
My crypto could probably buy 5 houses on your street kek

[Anonymous No.50621598]

My mortage repayments are $1k a month (bought cheap in early 2020 with my wife).

Add in council rates, water rates, electricity and I'm maybe paying 1.5k a month if that.. So under 20% of my income goes to the mortgage and associated repayments.

On top of that we have nearly 400k in equity in our house.

[Anonymous No.50621599]

>>50617422
My rent is 1165 and I make 170k per year. I should probably buy but I like to be able to move around. I went full remote worker and they let me keep my salary where it was even though I moved to midwest where its dirt cheap. Pretty nice desu.

[Anonymous No.50621874]

>>50617422
When I was renting, about 60% of my spending went to rent and utilities.

[Anonymous No.50621993]

>>50617494
i live with my parents too but when i dont i pay 38% of my monthy income on rent

[Anonymous No.50622045]

Mortgage. Payment is roughly $1600 a month including tax/insurance. 85k a year, 7k a month pre-tax uhhh, maybe around 30%. I can't do math.

[Anonymous No.50622121]

>>50617422
$0 I live in a van

[Anonymous No.50622151]

147k combined (wife makes 47k) rent is $1850 so 15%

[Anonymous No.50622216]

>>50618743
>>50618813

You retards realize that’s why you get a 30 year fixed mortgage, right? Renting a house out isn’t that hard and you can always move back into it or let friends or family stay as you please.

The average job is not stressful, definitely not too stressful to worry about checking your bank account once a month to make sure you got paid…

[Anonymous No.50622247]

>>50617422
>What percent of your income goes to your rent?
20% of my gross
or about 35% of my post tax income
And I live in an area with the strictest rent control in US
(if it wasn't rent control, I'd pay 25-30% more)

[Anonymous No.50622381]

>paying rent
ISHYGDDT

[Anonymous No.50622402]

9% gross 14% net $1.1k/mo
boomer landlord raised by 2% every year so far even this year after all the inflation. comfy
i have more than enough down payment money to buy a house but i'm bored of my job and who knows if next job can do full wfh, so renting it is

[Anonymous No.50622463]

>>50622247
rent control is fucking horrible and causes shortages and expensive rent(for those who dont have existing units)

[Anonymous No.50622478]

>>50617494
Me too. And my parents are gonna start charging me rent in August. Lol

[Anonymous No.50622534]

>>50617422
Half..

[Anonymous No.50622727]

>live in austin, tx
>in massive housing bubble
>rent goes up $400 for next 12 month lease
>try to negotiate, get cucked by arguments about property taxes, other taxes, etc.
>all houses around me in extreme bubble, min 800k
>can't move away from here for another few years at least for career
>could have easily bought a house before the bubble
it's over

[Anonymous No.50622811]

100%

[Anonymous No.50622826]

10%, but I live with family including another member doing the same

[Anonymous No.50622890]

>>50622463
agreed
frankly, i'm trapped because if I were to move I'd have to pay market rate at some different place, which would be considerably more.

[Anonymous No.50622935]

>>50617422
Zero. Paid cash and property taxes are 154 a year for a 3100 SF house, 1000 SF rental on property, 1.5 blocks from waves.

[Anonymous No.50623067]

>>50622935
Where do you live?

[Anonymous No.50623230]

>>50622890
it sucks bro
the solution is to abolish central banking
it's literally the reason for the housing bubble

>>50622727
I feel bad bro.
I bought a house I turned into a rental property 3 years ago and I'm doing great.
The market will likely crash though, have cash sitting on the sidelines. You're not fucked forever.
Also consider buying commodities before the boom.

[Anonymous No.50623371]

>>50617422
Rent go to me. Many rent go to me. OOGA BOOGA THE LANDLORD IS HERE BITCH!!

[Anonymous No.50623750]

>>50617494
Same. I don’t plan on leaving anytime soon. Maybe one day I’ll buy a condo or townhouse. I’d get really lonely if I lived all alone.

[Anonymous No.50624056]

$1960/month, so 12.25% of my base or ....9.75% of my TC.

[Anonymous No.50624098]

>>50617422
Just shy of 13% hbu?

[Anonymous No.50624105]

>>50623750
Just get a girlfriend or live with friends.

[Anonymous No.50624147]

I receive $32,000 a year in rent. No mortgage, rates and insurance are $3,000 so 29k profit.
The house I live in has 4k a year rates etc.

[Anonymous No.50624153]

>>50617422
Like 35%-ish to mortgage but it goes in the 20s if I feel like doing overtime on a weekly basis

[Anonymous No.50624180]

>>50624105
I’ll never have a girlfriend and I don’t have any friends.

[Anonymous No.50624200]

>>50617422
11.5% living alone

[Anonymous No.50624262]

>>50617422
15%
>>50617494
God I wish.

[Anonymous No.50624279]

>>50617832
GREEEEEEN LIINNNNEEEE GOOOO UP!

[Anonymous No.50624295]

>>50617422
60%. Canada.
I don't buy anything so it's not a big deal. Still... fuck Canada.

[Anonymous No.50624321]

>>50617832
Hey guys sorry this is my renthog. Ive' just raised his rent and tip.

[Anonymous No.50624332]

>>50617422
Zero. I own.
Well couple hundred bucks a year I property taxes.

[Anonymous No.50624363]

About 10%

[Anonymous No.50624381]

>>50622478
If it's only like 500 a month then it's still worth it

[Anonymous No.50624382]

>>50624332
Changing my answer to
Threefifty

[Anonymous No.50624416]

>>50617494
Same.
I also make six figures and just save it all.

[Anonymous No.50624626]

>>50617832
Wow, that's one raging rentoïd. Your owner came to announce you a raise earlier?

[Anonymous No.50624721]

>>50617832
ngmi

[Anonymous No.50624926]

25.7%

Still destitite after everything goes out

[Anonymous No.50627027]

>>50617494
Same, I've got $600k in my portfolio but there's no reason to leave.

[Anonymous No.50627131]

Risk adjusted there is no difference betweeen owning and renting because markets are efficient and any difference would be arbitraged away.

[Anonymous No.50627325]

I actually have to act poor with how little my rent is

[Anonymous No.50627351]

>>50627131
Markets are efficient. The supply and demand for the goods marketed are neither free nor efficient. If you're on this board you're qualified to perform the arbitrage, not assume it already happened.

[Anonymous No.50627372]

>income last year: $75k
>rent: $1k/month
I will not move to a coastal city and I will not be stuck as a lifelong renter

[Anonymous No.50627569]

>>50617422
None

[Anonymous No.50627602]

>>50627131
>>50627351
The housing market is influenced by non-rational factors. Like homebuyers paying a premium to own a home, stigma against renting, etc. Prime locations have a much higher Price to Rent ratio than places in the middle of nowhere.

[Anonymous No.50627641]

>>50622727
>slowly grinding up to a 20% down payment
>lockdowns happen, then prices rocket 50%
>priced out
>invest in crypto, double my money then lose 90%
hahaha

[Anonymous No.50627680]

>>50617422
ZERO

rentoids are trash

[Anonymous No.50629115]

>>50624332
I Iike living in the state where I rent but property taxes are $300-$500 per MONTH. Renting (condo to be fair) is cheaper than owning a 2br house with a small yard outside city limits.

[Anonymous No.50629511]

18.5% of post-tax household income, about 13.3% of pre-tax income. 2 bedroom apartments in suburbs and both earn relatively well though. People talk about rent being 'dead money'. Theoretically if we could come up with a 20% deposit to even buy a similar place we'd need to take out a loan the interest alone would be around 17% post-tax income, that's not accounting for property taxes, body corporate fees and maintenance liabilities. The cost of rent is significantly cheaper than just the interest + ownership costs, which are just as 'dead'. We are undoubtedly better off renting in the current market compared to committing to a gigantic loan on an overvalued property.

[Anonymous No.50629573]

>>50629511
That's a valid point, some places makes it almost impossible to become an owner and it wouldn't economically makes sense anyway.

[Anonymous No.50629649]

>>50617422
60% but I also tip my landlord 5%

[Anonymous No.50629658]

>>50617422
I dont rent, i bought and fully paid off my apartment when I was 22. Now saving for a house (one that is made with bricks and mortar, not plywood)

[Anonymous No.50629896]

>>50617422
..."rent"?

[Anonymous No.50629928]

>>50617422
0%, I don't rent. I do pay the kike bank tho

[Anonymous No.50629973]

33% income tax
25% rent
20% savings
I live with the rest

[Anonymous No.50630328]

>>50619522
Kek. Retard. Boarding with mates. Split rent. The rest into crypto. Short term gains with memecoins like DOGE and SHIB, long term gains with ALBT 4 year staking.

[Anonymous No.50631547]

39% and it doesn't include utilities. That's what I get for living in one of the most expensive cities in the world.

[Anonymous No.50631574]

>>50617494
based and practical-pilled

[Anonymous No.50631608]

Roughly 25%
I'm very fortunate to be WFH from a low cost location.

[Anonymous No.50633777]

Depends on the month; I get paid in Bitcoin lol

[Anonymous No.50633941]

>>50617422
1% for World of warcraft rent.

[Anonymous No.50634008]

>>50622727
I also live in austin and am thinking of moving becasue of this bullshit

[Anonymous No.50634233]

>>50617422
I live at home, but I pay 100$ a month to help with electric bill and wifi.
I also get free coffee and toilet paper, It's pretty good.
So around 7%.