Rent Percent

Gordon

Just curious as to the percentage of rent to income you guys have. I get the feeling either I should be getting paid more or I should move to a cheaper place.

Is 35% too much percentage of rent do you think? Or maybe some pay more per income?

ykt0di9url7bc3

Part-time work is pretty nasty when it comes to the bills of the gaff....

40 - 45%

Tazz T

Yeah, I'm on 37% and I'm thinking of moving to a cheaper place. Can't save any money. I heard you should be paying about 1/3 of your income on your rent/mortgage, so I suppose I'm not to far over. But I'm always skint at the end of the month.

Mr. Fancypants

I pay about 20% of my income after tax to rent. I have a fairly small one bed near the city centre but i pay a fairly decent price for it as i work with the owner.

Victor

My traditional logic had been 25% of gross which equates to about 33% of nett, but I am paying quite a bit more at the moment.

ozpass

about 25%, give or take, and I wouldn't want to commit more than that really.

MAC_E

Id say about 33% of after tax. Not a pleasant expense at all

Sposs

35%

Shinji

Just over 39 per cent if you include UK council tax (which is really just an extra charge on rent every month, so I am including that). Too bloody much - I'm going to have to seriously reconsider my living arrangements...

Kalina

When I was living in Dublin I was paying about 35% of my nett on rent. It was collossal money but as it was for only 6 months I managed it... but just about!

p.pete

I know I didn't start this thread but thanks for the replies. I will be looking for a place soon but not really sure what % of wage should be my budget. Great to hear some opinions:D

johnnynolegs

Jeez these all sound real expensive i am paying 19% of income after tax 17% before for a large double room in raheny right beside the dart station................4 stops from town

Eppie

I always considered my wages low and my rent high but i came out with 28% after tax for a large room in a brand new apartment. things are lookin' up.

jd

19 % of our total salaries before tax.

Cosworth

25% of my net wage goes to paying the mortgage,That doesn't include my fiance's wage so it's not so bad.

podgeen

just under 14% after tax for a double room but its in limerick

shoegirl

28% before tax, 33% after. Frustrating as a mortgage at the same level would pay for a €100,000 mortgage, but no bank would lend me that as i'm only on 24.5k per year

MoSeS_.

<10% after tax
€50 a week, the joys of living in Galway,
OK the place is no palace but with the money I'm saving I can afford Broadband...

WezzyB

Rent is:
8.25% before tax
11.22% after tax

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Edit
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BTW: I'm in Stoneybatter, Dublin 7

seamus

I'm looking for a place now. Got a job just off Stephen's Green, and looking for a place somewhere in Rathmines. Seen some decent ads @ €600 per month, which works out at between 34-35% of net salary.

Anyone think that's a bit much? The only thing is if I go any further (i.e. cheaper) than Rathmines, I'll have to hold onto my primary mode of transport, which removes another €200 out of my pocket every month in insurance (:mad:). And decent places for < €350/month aren't easy to come by.

:dunno:

Victor

Originally posted by seamus
I'm looking for a place now. Got a job just off Stephen's Green, and looking for a place somewhere in Rathmines. Seen some decent ads @ €600 per month, which works out at between 34-35% of net salary.

€600 is a fair whack, even if you won't have much in the line of tranport costs. Have you considered sharing?

seamus

Yeah, sharing seems like a good plan, but I'd prefer to share with a mate, and the only mate of mine who'll move out would be a nightmare to live with. Catch-22

As well as that, even sharing, it would cost me €400 ish for a decent room even in Dublin 16 for example, which would necessitate keeping my transport...

I'll keep looking. Tbh, I'd be happy with a tiny flat for €500 so long as I had a double bed, a tv, a shower and a cooker.

Civilian_Target

I've always had my rent at about 30% of my disposably income, it's 34% at the moment, because Dublin's that little bit more expensive.....

Some day it'll be smaller.

Third_Echelon

im at 31% after tax at the moment, which isnt too bad... im getting good bang for my buck...

dublin city centre

zAbbo

around 10-15% i think

sharing with 4 others in 3 bedroom house in Dundalk

bringitdown

About 18% after tax for a large double room in Ranelagh albeit sharing the house with 5 others.

I dread the day I have to pay over E500/month for a place to lay my head it is a fuppin disgrace.

Would I be mistaken in thinking that rents as pointed out earlier are cheaper in Galway et al. but mortgages for their landlords are not much lower than Dublin?

Is it simply down to demand?

shoegirl

bringitdown wrote:

Would I be mistaken in thinking that rents as pointed out earlier are cheaper in Galway et al. but mortgages for their landlords are not much lower than Dublin?

Depends on the landlord. Almost every landlord I've ever had has owned their property for at least 5-10 years and owns at least 2-3 properties. Many of them neglected for years and practically falling down which they bought very cheaply, and the rent was almost always about 5 times what their mortgage (if they have one) would be. Your typical amateur landlord in Ireland usually uses the profits from one house to buy another, and then another, which means they use the profits from older properties to subsidise another. This is part of the reason rents are so high, and don't vary according to condition - the amateur landlord has to keep prices high in order to subsidise lower equity on more recently purchased property.

Though I've just moved to a 650 a month 3 bed duplex in east Cork that I'd say was sold for at least 200,000 - I'd say either the landlord is making a loss or has high equity in the place and is hoping that the value will eventually exceed the mortgage.

boo4842

About 25% of mine and 33% of my gfs pay goes on rent for our 1 bed appt in the liberties.

I don't know why I signed a 1 year lease, I'm getting the hell out of here when it runs out in Feb.

JackieChan

I'm renting a 3 bed roomed period house in Co. Laois and that is 15% of my income, that at least lets me save for my own place.
Until recently I was paying almost 40% out for a house in Galway.

Lump

I earn about £1300 Sterling a month after tax... £476 goes on rent... What's that in Percent?

John

KevIRL

27% after tax. But I am living in a 2 bedroom place on my own so could half that if I wanted. But I dont.

KevIRL

Lump wrote:

I earn about £1300 Sterling a month after tax... £476 goes on rent... What's that in Percent?

John

approx 36.5%

RedRules5

I was on 18% when living and working in central Dublin, I moved to London a few years ago and am now on 35%. God I'm depressed!

aniascor

18% rent - not bad, I thought it would be more. Hoping to buy a house soon (got sale agreed at the moment) and the repayments will be just under 25% of our joint net income. Any more than that and i wouldnt consider it.

mentalson

about 35% sharing a house. a one bed place of my own would work out at 80%

AOR

20.6% but im in a bit of a student gaff tbh

red_bairn

Working at a part-time job last year during the college year I was at 30%. Not too bad I reckon.

Imposter

12% Gross, 18% Net. Taxes are high here in Austria
I need to get a new place nearer work and the city centre which could cost double what I pay now

monkey24

I just got a place sorted. I am paying a fortune and was actually pretty down about it today ( the place is really lush though and in near town ). I am up to around 26% after tax.
Are people including bills in those percentages because thats is going to drive mine up even more ( need broadband ).

I could of got a little cheaper but i am sick of looking at horrible 2 bedroom apartments so just snapped this place up ...

yabadabado

am paying 15% after tax

BostonB

This poll would be more useful if mortgages/rentals were seperated.

Vokes

Rent is £600pm so % of net salary is about 37.5%.

Depressing

DéiseGirl

I'm paying around 18% after tax, but I split the rent of a double room with my boyfriend, and we share the flat with 2 others.

subway

14% after tax

as far as im concerned we have a decent price and a % that im more than happy with

Aishling

Between my Fiancee and I we pay 19% of our joint salaries (after tax) on rent, and if we buy a place that we are interested in our mortgage would be 30% (after tax).

ixoy

13% now - but sharing a room in an appt with 2 others. When we move out to our own place, I'd expect our costs to double...

JOJOC

Hi
Id like to get some your opinions from you good people. I am currently waiting to move into an affordable apartment now i was meant to move into one last September, i wont bore u with the details but that fell through - through no fault of ours! Now its nearly a year later and we dont seem to be any closer to to moving into the apartment.
Do u's think i should be entitle to some sort of compensation as we are waiting almost a year and the interest rates have gone up so much in that last year and also we would be one year into our clawback so instead of 20 years we would be into our 19th year.

Any opinions would be gratefully accepted.

Cheers

patrickolee

Apologies if this seems a little harsh.. but you are looking for compo because you didn't get a hand-out???

godtabh

JOJOC wrote:

Hi
Id like to get some your opinions from you good people. I am currently waiting to move into an affordable apartment now i was meant to move into one last September, i wont bore u with the details but that fell through - through no fault of ours! Now its nearly a year later and we dont seem to be any closer to to moving into the apartment.
Do u's think i should be entitle to some sort of compensation as we are waiting almost a year and the interest rates have gone up so much in that last year and also we would be one year into our clawback so instead of 20 years we would be into our 19th year.

Any opinions would be gratefully accepted.

Cheers

If you were paying market value then yes you could get compo but becasue its affordable I'm not sure.

patrickolee wrote:

Apologies if this seems a little harsh.. but you are looking for compo because you didn't get a hand-out???

Maybe a bit harsh the way you put it but yeah I'd be thinking the same

The_Conductor

Affordable housing is a privelege, not a right. You are not entitled to compensation for the non-provision of something that you do not have an automatic right to. Sorry for sounding harsh- but interest rates are hurting everyone, not just you. Why do you feel that you should be entitled to some sort of compensation- and everyone else not? The fact that your house purchase fell through is neither here nor there. It happens. Move on.

JOJOC

No im not looking for compo cos i didnt get a hand out!!!! as u so kindly put it!
I understand the interest rates are affecting everyone but my point is that if we had of fixed before the other apartment fell through then we would only be paying X amount now because of the time delay we will be paying much more!! Do you not think that with the clawback being 20 years i should be into my 19 year now ?
I realise affordable housing is a privilege and not a right but in total im waiting nearly 2 years to move into an "affordable apartment".
But considering we were taken out first in the draw and other people are that were lower down the list are in there apartments - i personally just feel a little hard done by!!