How much is your rent as a % of earnings and euro

mkdon

interesting question to pose as above

Odelay

mkdon wrote: »

interesting question to pose as above

What’s yours?

s7ryf3925pivug

It was about 18% of my net salary for 3 bed house 20 min from my workplace. I bought a house earlier this year. My mortgage repayments are less for a much better house.

mkdon

57%

10pennymixup

mkdon wrote: »

57%

F*ck!!!!!!!!!!!

Bubbaclaus

16.8% of net. I currently rent a room in a 4 bed house.

Captainsatnav

Bubbaclaus wrote: »

16.8% of net. I currently rent a room in a 4 bed house.

23%. Slightly less for her as she earns more. Myself and fiance pay half each on a 2 bed apt.

s7ryf3925pivug

mkdon wrote: »

57%

Dont know whether you choose to live somewhere as fancy as you can afford, or if that is just the best option available to you? - but that seems very high.

glomar

35 %

OldMrBrennan83

22% of my wages go towards my half of the rent and not snowballs chance of owning a house.



_

CiniO

0% as I own my house

s7ryf3925pivug

CiniO wrote: »

0% as I own my house

Do you? If you have a mortgage then the bank owns most of it.

Ashton Freezing Lemonade

Ashton Freezing Lemonade wrote: »

Do you? If you have a mortgage then the bank owns most of it.

Well they don’t, they may have a hold over it in the event of a default but they certainly don’t own it.

Horusire

Jakob Wailing Toupee wrote: »

Well they don’t, they may have a hold over it in the event of a default but they certainly don’t own it.

Stop paying your mortgage and they'll quickly remind you who owns it

Horusire

Horusire wrote: »

Stop paying your mortgage and they'll quickly remind you who owns it

Your name is on the deeds therefore you own it simple as that, the fact a bank can repossess it to sell to cover a mortgage that’s secured against it is irrelevant. They do not own it.

If I have a house with no mortgage and use it as security for a loan are you claiming I would not own the house? The bank could sell it to reclaim the loan after all.

UpTheSlashers

30% of net.

Telly

15%

38%. €600pm for a two bedroom house in Cork City. Expecting a rent increase in the new year because of new builds nearby charging higher rents.

Bitches Be Trypsin

54%, not in an "upmarket" area, it's honestly breaking me.

CiniO

Ashton Freezing Lemonade wrote: »

Do you? If you have a mortgage then the bank owns most of it.

And what if I don't have mortgage?
With my earnings bank would never give me one.

bunderoon

12% of mine.
Add herself into it and it would go down to about 9%.

mkdon

sounds like most are either paying hella low rent or on hella lot of mooolah

Foweva Awone

Whatever the HAP percentage is ... 12% of income or something? Works out at about €26 a week for a two-bed apartment (I'm on a CE scheme, which is why my income and therefore my rent is so low.)

mkdon

not familiar with either scheme...enlighten me pls

Foweva Awone

mkdon wrote: »

not familiar with either scheme...enlighten me pls

Loads of info if you Google either.

AppleBottle

24% of net wages

bunderoon

mkdon wrote: »

sounds like most are either paying hella low rent or on hella lot of mooolah

4 bed bungalow on 1.5 acres in Mayo.
<90k left on Mortgage. On 5 year fixed at the moment.
In year 5 of a 30 year term.

I know some have to, but I couldn't imagine living up in Dublin and being a slave to that kind of debt.
Work to live, not live to work.

Mike9832

0%

Bought house for cash

In hindsight should have kept renting or taken a mortgage

Cash is king

Glenn Coco

35%

Macha

We pay 20% for a lovely big 2 bed apartment in Brussels that you'd pay at least double for in Dublin.

Mandzhalas

50% of net family income.

eviltwin

My mortgage is 18%. If I rented it would be 45% if the house beside me is anything to go by.

About 21% of net

s7ryf3925pivug

Mike9832 wrote: »

0%

Bought house for cash

In hindsight should have kept renting or taken a mortgage

Cash is king

Why? You must have saved a lot of money on mortgage interest/rent

dulachodladh

43% of my net income. Any savings I’ve made towards saving for a mortgage have ended up being for rainy days.

shivermetimber

Dublin. Low income workers. 45% of my net. My partners wages fluctuate monthly so their contribution varies but probably the same on average. Sucks as stuck in a restricted limbo.

pxdf9i5cmoavkz

19% of family NETT

Ray Palmer

bunderoon wrote: »

mkdon wrote: »

sounds like most are either paying hella low rent or on hella lot of mooolah

4 bed bungalow on 1.5 acres in Mayo.
<90k left on Mortgage. On 5 year fixed at the moment.
In year 5 of a 30 year term.

I know some have to, but I couldn't imagine living up in Dublin and being a slave to that kind of debt.
Work to live, not live to work.

Slave? Lots of people living in Dublin pay the same salary percentage as others around the country. The salaries are higher too. Not saying it is everyone but you are suggesting everyone in Dublin is a slave to a mortgage. Just isn't true

Touchee

23% of my net.

However, this is just half of the rent. If I was to rent on my own, it would be much higher.

bunderoon

Ray Palmer wrote: »

Slave? Lots of people living in Dublin pay the same salary percentage as others around the country. The salaries are higher too. Not saying it is everyone but you are suggesting everyone in Dublin is a slave to a mortgage. Just isn't true

The salaries are larger but so is the cost of rent and price of houses.

A 3 bed semi in Dublin is ~350k. 150-170K for the same outside Dublin and it's catchment area.

You borrow @3-4%; for 350K, you are talking about over half a million for a 3 bed semi. You read all the time that after rent or mortgages and living expenses, that people have no money to save or spend on luxuries. I didn't mean 'slave' in a derogatory term, more of way to describe the hardship that is endured to live close to our main city.
And of course, not everyone is in this position, but this thread isn't referring to very well off people or those who have a house in Dublin for the last 40 years.

Caliden

Jakob Wailing Toupee wrote: »

Your name is on the deeds therefore you own it simple as that, the fact a bank can repossess it to sell to cover a mortgage that’s secured against it is irrelevant. They do not own it.

If I have a house with no mortgage and use it as security for a loan are you claiming I would not own the house? The bank could sell it to reclaim the loan after all.

And where are the deeds?


Oh yea that's right, they're kept by the bank until you make the final payment on your mortgage.

Eric Cartman

About 7-8% , that said my house was built in the 1700s , has no heating and I share with 3 others.

Captainsatnav

Touchee wrote: »

23% of my net.

However, this is just half of the rent. If I was to rent on my own, it would be much higher.

exact same situation and %.

s7ryf3925pivug

My salary is similar enough to Dublin salaries for the same role. The cost of my house and my rent when I paid it was far less than the equivalent in Dublin - less than half the cost of a similar house and less than a third of the rent when I was paying it (though it was below market rate). So overall I save greatly by not living in Dublin. The quality of life is better too. Dublin is overcrowded and that affects the quality of life for people there, especially wrt getting around.

killanena

About 30% for 1 bed Apt. Moved in about 4 years ago and it was more like 40% back then but my rent remains unchanged and my wages are slowly increasing.

Sabre0001

28% for my half of the two bed apartment I rent

Lemsiper

0% on two bed D7. Fiance inherited it recently, having lived there for two years.

Leaving Ireland soon and the rent from it will cover our new rent and leave her with €600 profit.

phunkadelic

14% of net

optogirl

45% and rent going up by 4% year on year

Ray Palmer

bunderoon wrote: »

The salaries are larger but so is the cost of rent and price of houses.

A 3 bed semi in Dublin is ~350k. 150-170K for the same outside Dublin and it's catchment area.

You borrow @3-4%; for 350K, you are talking about over half a million for a 3 bed semi. You read all the time that after rent or mortgages and living expenses, that people have no money to save or spend on luxuries. I didn't mean 'slave' in a derogatory term, more of way to describe the hardship that is endured to live close to our main city.
And of course, not everyone is in this position, but this thread isn't referring to very well off people or those who have a house in Dublin for the last 40 years.

You do get I said people are paying the same percentage of their salaries? This is not just wealthy people. You go to a forum where people that have no issue don't visit. Like going to a fox hunt and be surprised everyone is pro fox hunting.
I work with lots of people of different ages and they aren't struggling.
There are many jobs that really only exist in Dublin or there is enough competition that salaries are higher and raise quicker.I could move to a more rural area and depend on one employer. If anything happens to that company then you are unemployed and have to commute to your new job or move.
Go rural/out side the capital if that suits but has sever limitations too. Lack of employment and salary is a big thing. Prices of goods are cheaper in Dublin due to competition and options. Entertainment options are better as are care/hospital facilities. Then there is the cost of running a car which will cost more if used more. We have one car and rarely use it. Plus our commutes are under 30 minutes. Strokes for folks but don't believe the hype that it is difficult to live and work in Dublin. It isn't even close to many other cities.

Captainsatnav

Ray Palmer wrote: »

You do get I said people are paying the same percentage of their salaries? This is not just wealthy people. You go to a forum where people that have no issue don't visit. Like going to a fox hunt and be surprised everyone is pro fox hunting.
I work with lots of people of different ages and they aren't struggling.
There are many jobs that really only exist in Dublin or there is enough competition that salaries are higher and raise quicker.I could move to a more rural area and depend on one employer. If anything happens to that company then you are unemployed and have to commute to your new job or move.
Go rural/out side the capital if that suits but has sever limitations too. Lack of employment and salary is a big thing. Prices of goods are cheaper in Dublin due to competition and options. Entertainment options are better as are care/hospital facilities. Then there is the cost of running a car which will cost more if used more. We have one car and rarely use it. Plus our commutes are under 30 minutes. Strokes for folks but don't believe the hype that it is difficult to live and work in Dublin. It isn't even close to many other cities.

Here here