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

  • poVoq@lemmy.ml
    9·
    3 years ago

    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.

        • southerntofu@lemmy.ml
          2·
          3 years ago

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

          • poVoq@lemmy.ml
            2·
            3 years ago

            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 :-/

  • sketches@lemmy.ml
    8·
    3 years ago

    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@lemmy.ml
    5·
    3 years ago

    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@lemmy.ml
    4·
    3 years ago

    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.

  • GadgeteerZA@lemmy.ml
    3·
    3 years ago

    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.

    • southerntofu@lemmy.ml
      3·
      3 years ago

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

        • southerntofu@lemmy.ml
          2·
          3 years ago

          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@lemmy.ml
            1·
            3 years ago

            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)…

          • GadgeteerZA@lemmy.ml
            1·
            3 years ago

            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

  • Sam@lemmy.ca
    3·
    3 years ago

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

  • kevincox@lemmy.ml
    3·
    3 years ago

    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.

  • plu@lemmy.ml
    2·
    3 years ago

    Half my income goes to my rent.

    It’s ~300€ for rent, with a ~600€ income. Plus ~150€ for utilities, leaving me at an uncomfortable ~150€ to live for a month, which is barely enough to afford food.

    But hey, according to American liberals I should rejoice because I live in “socialist Europe”. Lol