Just wondering how we stack up compared to other forums

As of jan 1, 2022, the answers here are:

13 ppl pay =< 33% of monthly income on rent / property tax

6 ppl pay > 33% of monthly income on rent / property tax

@Zalamander
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108M

PhD student renting in a big city in Europe. About 35%.

@ree
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48M

Same…

@Zalamander
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38M

I wish us the best of luck in the future 😅

@ree
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28M

Thanks! You too!

poVoq
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You forgot about squatting or communal housing (which does not necessarily involve renting or owning).

I live in a half ruined building that I am currently renovating, so I guess you could say I own a home.

Do you own it on papers though? Good luck on the renovations :)

poVoq
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48M

Yeah, it’s not squatting. I am getting too old for that :)

Hehe. How many people are involved in that project? if you’d like to make a post about it i’m curious :)

poVoq
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28M

Some other people were involved from time to time, but due to the remote location and the pandemic it is mostly just me. I am not making much progress to be honest, so it is not exactly a topic I am happy to present at this point in time :-/

oh, sorry to rub the wound then! good luck!

@sketches
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I own. I’m absurdly frugal and my personal religion forbids usury. When I married we basically put our incomes together for seven years and came out of it with enough money to buy a nice home outright.

I cannot imagine buying in this market. We purchased just before it all blew up, and even then we considered it an asset bubble.

The whole thing is rigged against anyone and everyone sitting below the top 5%, especially in the southern hemisphere and especially in the USA.

We spend and put aside about 10% of our net income toward the home. Property taxes, utilities, and maintenance.

@dogmuffins
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About 15% of my after tax income I guess.

I’m in a regional centre (not a big city) though which makes a rent cheaper.

Edit: turns out, in Australian cities average rent cost is about a third of the average income.

@LemonWedge
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48M

The most typical salary in my city (London) is 33k GBP per year. I earn more than that.

My rent is 1150 GBP per month for a 1 bedroom flat in Zone 4, which is considered “the outer suburbs” perhaps, in a nice area. It represents about 40% of my monthly salary. I got offered to buy it for 350k a few years ago, which I did not have the means at all - and still don’t.

@zoned@midwest.social
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@Gnotek@midwest.social
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deleted by creator

It’s a gif

seahorse
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48M

About 25% after taxes in Northeast Ohio, USA.

@kevincox
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38M

I live in Toronto.

I recently rented for about 1/3 of my post-tax income.

I now own and condo fees, mortgage and property tax are about 1/2 of my post-tax income but currently my partner who lives with me is helping which puts my contribution at about 1/3 again.

Sam
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38M

33%, and I have really cheap rent and a decent paying job for the area.

@venacava
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38M

Almost 15%, 3 room apartment in eastern Europe.

GadgeteerZA
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38M

Own my own house (when it’s paid off in 2 years) but 11.4% of my income goes to paying it off. Obviously when I bought it that percentage was a lot higher, but as the years pass, the payment basically stays fixed while your income has been going up.

Nitpicking, but this is not obvious across all industries. In many fields, people’s wages barely go up with time.

GadgeteerZA
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28M

If a job’s income does not go up over 20 years, that is hardly very sustainable…

It usually goes up, though not necessarily faster than inflation. Outside of IT and public service, many older people are still paid minimum wage. (i don’t have stats on that sorry)

GadgeteerZA
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18M

True I was in public service (IT side) and although is not the best, the benefits add up, as does the annual increases over the years (problem is many can’t stick it out that long, especially in public service)…

Public service IT (except for secret services / military) sounds good indeed :)

GadgeteerZA
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18M

Can’t say I don’t cover all the bases ;-)

@Gnotek@midwest.social
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deleted by creator

GadgeteerZA
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18M

I’ve retired from work so not in any field of work any more… but when working was in the police and then in IT

@Gnotek@midwest.social
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GadgeteerZA
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38M

Remember, police do a very wide range of activities - not everyone walks around dressed in blue with a truncheon ;-)

@dragnucs
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28M

My rent is about 23% of my net income. A nice condo Casablanca.

@radnek_36
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18M

My wife and I bought a 10 acre (~4 hectare) piece of land in very rural, very Northeastern US for 30k USD. We paid for half with about 50% of a year’s combined income, and half with money from when my wife’s parents sold the family farm. Land came with a derelict house, but it turned out to be in better shape than initially thought. Place is fully off-grid: no water supply, electricity, or plumbing. We are living in a yurt while we, my wife’s dad who is a carpenter, and some (paid) timber framer friends make the house safe to live in. Currently we pay about 5% of our combined yearly income in property tax, but that will likely go up when the house is done.

Before the pandemic hit i used to live in Rome, I payed half my salary for a studio in a very nice part of town. Now I live in Istanbul and cannot afford a house with my current earnings. I make more than minimum wage.

@mahamara
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10.5%

I live in a 1 BR in the not so affluent part of town

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