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by baby 3331 days ago
> Everywhere in the world salaries, rents and prices go hand in hand

Check r/London and look for topics like "how much of your salary are you paying on your rent?". I've seen a lot of people spending 50% up to 70% of their salary on rent.

2 comments

I pay 50%, used to be 35% before I went full time and shifted part of my salary to an end-of-year bonus.

It will move up to close to 70% if my roommate moves out in August. It's a little shocking to consider that I would actually consider paying that much to stay here. I seem to really like Midtown Atlanta that much.

Once you get used to it, it's not that bad. Out of all the things you could spend your money on, having an utterly sweet pad in the dead middle of town isn't the worst thing.

The old rule of thumb used to be not to spend more than 30%, but I imagine that's changed greatly in recent times.