What % of your salary do you spend on rent/mortgage??

wobbles-grogan

So, how much of your monthly income do you spend on rent?
My guess is most people will be within the 15-20% bracket (i think!!).

Edit:
Poll up!

Edit 2:
And by the way, I'm not doing this to enlighten all of us on how much we spend on rent!
Currently looking for a house and wondering how much is too much! Its purely selfish...

daenerysstormborn3

0%

squod

wobbles-grogan wrote: »

So, how much of your monthly income do you spend on rent?
My guess is most people will be within the 15-20% bracket (i think!!).

Think again.

kfallon

About 18% of my net monthly pay

jdooley28

% of take home pay would be a loy higher than 15% for a lot.

If you mean gross you might not be too far wrong, IMO

Diego Maradona

13%

stovelid

About 20% of net monthly pay.

Ghandee

My mortgage is over one grand a month.

Take from that what you will.:cool:

Diego Maradona

Ghandee wrote: »

My mortgage is over one grand a month.

Take from that what you will.:cool:

Can I take €900?

crazy cabbage

Well living at home while college is up. Doing a bit of work here and there. All money i earn will go into paying my accomadation for college next year. So yea. I would say about 98%

woodoo

Are you using gross or net pay for the calculation?

Cuddlesworth

woodoo wrote: »

Are you using gross or net pay for the calculation?

Good point. I used it as a percentage of my monthly net income.

About 22% of net monthly income.

TPD

13.something% of net monthly income.

NIMAN

Approx 15% of net.

wobbles-grogan

So between 0% and 5%, 20% and 22% and 50% and all-of-it%, are the general conscensus. Good to know!

sebastianlieken

wuhey, I fall into a majority bracket! what I spend on rent has just been justified by Boards.ie

tmc86

28% of net income (renting)

juan.kerr

Where does 9.95% fit in?

Sea Filly

18.3% of gross pay.
20.3% of net pay.

ash23

It also depends on what you get for your money. Like I spend about 23%. But that's for my own house. I don't share.
Another person might spend 23% for a room in a shared house. All relative.

ejmaztec

pixiebean22 wrote: »

0%

Me too, and I don't know how anyone can afford to pay more than that.

juan.kerr

ejmaztec wrote: »

Me too, and I don't know how anyone can afford to pay more than that.

Some even pay less that that.

ejmaztec

juan.kerr wrote: »

Some even pay less that that.

We've got one of them in residence.:(

Sea Filly

ash23 wrote: »

It also depends on what you get for your money. Like I spend about 23%. But that's for my own house. I don't share.
Another person might spend 23% for a room in a shared house. All relative.

You probably wouldn't pay 23% in a shared house. Maybe if it was just one other person.

Daidy2011

35.8%.

As I am separated I have to pay 2/3rds of the mortgage on the family home (can't sell the bloddy thing in this market) as well as rent for the apartment that I live in - it's a killer

Lux23

About a quarter, it is a bit high really but I can walk everywhere so save a good bit on travel.

ash23

Sea Filly wrote: »

You probably wouldn't pay 23% in a shared house. Maybe if it was just one other person.

Depends on your income though.

Big Nasty

38% of total net wage.

daenerysstormborn3

Are the people that pay 50%-100% actually being serious? That's madness!

wobbles-grogan

pixiebean22 wrote: »

Are the people that pay 50%-100% actually being serious? That's madness!

I out only 1 bracket between 50 and 100% because i honestly thought no one would click it. I kind of regret that now, should have broken it down into 4... ah well!

Beefy78

Around a third of my net wage.

jester77

I have a nice old style apartment (altbau) that I share with my gf in one of the nicer areas of the city. Rent is 10% of my take home pay.

duchalla

I spend just under 16% of my net wage on my mortgage.

Mr Freeze

Around 40% of my monthly net.

I thought that was normal till I saw this thread. Clearly I am on peanuts, as my Mortgage aint exactly huge.

Diapason

Hmmm, roughly 30% of our JOINT net monthly income. And this at the lowest interest rates ever. That's depressing.

Cookie_Monster

Net:

25% rent
12.3% mortgage

gurramok

Diapason wrote: »

Hmmm, roughly 30% of our JOINT net monthly income. And this at the lowest interest rates ever. That's depressing.

Just lets hope ye can afford it if down the line, a partner loses their income for whatever reason. Welcome to capitalism

Diapason

gurramok wrote: »

Just lets hope ye can afford it if down the line, a partner loses their income for whatever reason. Welcome to capitalism

Indeed.

When we bought the place I was in a job that paid a lot better, but even then our mortgage "adviser" tried to persuade us to take more. He thought we were mad not to mortgage our bollocks off. I imagine a lot of people in that situation listened to the experts...

daenerysstormborn3

Diapason wrote: »

Indeed.

When we bought the place I was in a job that paid a lot better, but even then our mortgage "adviser" tried to persuade us to take more. He thought we were mad not to mortgage our bollocks off. I imagine a lot of people in that situation listened to the experts...

No imagination required I'd say.

How many posters here would admit to borrowing more than they actually needed or living in houses that realistically are too big for their needs?

Sea Filly

jester77 wrote: »

I have a nice old style apartment (altbau) that I share with my gf in one of the nicer areas of the city. Rent is 10% of my take home pay.

Hi Smuggy McSmugballs. o/

:pac::P:D

wobbles-grogan

Im kind of suprised theres no clear "winner" here. I honestly thought that some % bracket would come out with an overwhelming majority, thats far from the case.

Unless after hours is lying to me, but thats just crazy talk.

sebastianlieken

gurramok wrote: »

Just lets hope ye can afford it if down the line, a partner loses their income for whatever reason. Welcome to capitalism

see now why did I go and read that in a Russian accent?