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re: Millennial baws, how you hanging on?
Posted on 12/21/23 at 9:34 am to GreatLakesTiger24
Posted on 12/21/23 at 9:34 am to GreatLakesTiger24
quote:
My rent is about 17-20% of my gross income
I'm a gen-x'er (I'm 48) and I just recently moved to a new area and I decided to rent until the housing market looks a little better.
My rent is only 13% of my gross. This allows me to save what I need for retirement, enjoy a few nice vacations, eat out if we feel like it, etc.
I'll never understand the people who make decent money and still spend 40-50% on rent or mortgage payments...
1
Posted on 12/21/23 at 9:37 am to Boondock Saint
Bought our house 20 years ago. It has doubled in price. Doesn't matter, plan on living there for a long time.
If we did sell, I would like to make it a rental property, but that also make the situation worse.
It adds to the inflated cost I guess.
If we did sell, I would like to make it a rental property, but that also make the situation worse.
It adds to the inflated cost I guess.
This post was edited on 12/21/23 at 9:37 am
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