Apartment renters..how much do you spend?

[Dial_tone]

How much is your rent as a percentage of your after tax income? 33% is the recommendation for rent + utils in the budgets I see but they leave a lot of room (14%)for auto expenses I don't have. I might go to 40% to get this apt I want w/o taking on a roommate. I'd still have about $1,000 for misc stuff left over.

 

[puddlemonkey]

Nobody is going to admit to renting on EF.

 

[Dial_tone]

Lol

 

[75th]

I rent. It alone is about 10% of what I forecast will be the combined income between my wife and I this year. Then again, its only a one bedroom. Why pay for another bedroom or two if we dont need it yet.

If I add in utilities, cable, etc it would be more like 12%.

Just renewed my lease for another year. Look into a small house or large condo next year when the wife and I start trying to shit out kids.

 

[Dial_tone]

I rent. It alone is about 10% of what I forecast will be the combined income between my wife and I this year. Then again, its only a one bedroom. Why pay for another bedroom or two if we dont need it yet.

If I add in utilities, cable, etc it would be more like 12%.

Just renewed my lease for another year. Look into a small house or large condo next year when the wife and I start trying to shit out kids.

after tax income, doosh.

 

[75th]

after tax income, doosh.

Ah, fucker. Here I thought I was a big shot.

With my net income, Im looking at maybe 16%.

 

[jnevin]

after tax income, doosh.

Well, pre-tax income is what's used when qualifying for a purchase. When I bought my house, my payment was 10% of my pre-tax income. Um... things have changed since, but I have a tennant in the side next to me that makes things easier. I honestly wouldn't go over 25% of your pre-tax income. Shit can pop up out of nowhere.

 

[puddlemonkey]

Shit can pop up out of nowhere.

babies?

 

[jnevin]

babies?

That would be one of many things, yes.

 

[Dial_tone]

Well, pre-tax income is what's used when qualifying for a purchase. When I bought my house, my payment was 10% of my pre-tax income. Um... things have changed since, but I have a tennant in the side next to me that makes things easier. I honestly wouldn't go over 25% of your pre-tax income. Shit can pop up out of nowhere.

After tax is what's actually in your wallet. That's the only number I'm concerned with. Uncle Sam's share doesn't help me pay my bills.

 

[75th]

I would have bought a place by now, but I dont see the point of buying a place for the sake of buying a place. You can make more of a profit in the market, so I figure dont buy until you want to call it a home.

 

[p0ink]

i rent only because i am a student and will most likely be having to go to a different school in the next 2 years.

renting sucks.

 

[-SD-]

19%

one bedroom 650 sf

just me

 

[Lestat]

I rent a place for $950, its a room in a house, 1 roommate, I have my own floor to myself, bathroom, patio, private entrance, parking in the garage, laundry, etc.

 

[magman1]

Rent is about 35-40% of income...fuckin blows, but that's what the NYC area will do to you

I'm sure a lot of people will jump all over for me for that, but shit's different here

 

[-SD-]

I rent a place for $950, its a room in a house, 1 roommate, I have my own floor to myself, bathroom, patio, private entrance, parking in the garage, laundry, etc.

what teh fuck rob, no full bar?

 

[Lestat]

what teh fuck rob, no full bar?

lolol im 31 bor, I keep my liquor cabinent stocked with top shelf only!

 

[Razorguns]

How much is your rent as a percentage of your after tax income? 33% is the recommendation for rent + utils in the budgets I see but they leave a lot of room (14%)for auto expenses I don't have. I might go to 40% to get this apt I want w/o taking on a roommate. I'd still have about $1,000 for misc stuff left over.

Unless you're uber rich - DON'T live by yourself. Boggles the mind why someone would wnat to pay $1800/mth in rent and utils for ONE person. Get a freakin' gf/bf already!

r

 

[EarthRider]

We make around 4 a month combined with wife and I. Our apartment with utilities and water is around 1,100 per month. Area is expensive where I live. But its a 2 bed 2 bath garage, storage, nice kitchen.

 

[Dial_tone]

Unless you're uber rich - DON'T live by yourself. Boggles the mind why someone would wnat to pay $1800/mth in rent and utils for ONE person. Get a freakin' gf/bf already!

r

Doofus, I still live with a girl I broke up with in 2005. This shit is tired. I'm looking at a nice place that's only $1,400.

Rent is about 35-40% of income...fuckin blows, but that's what the NYC area will do to you

I'm sure a lot of people will jump all over for me for that, but shit's different here

Same in L.A. No way you get out for less than 30% unless you live in South Central or East L.A.

Besides, I gots to have reserved parking. Fuck that trying to remember where you parked your car last night and hoping it's still there. In this place I can get my own locked garage for $150.

 

[-SD-]

Doofus, I still live with a girl I broke up with in 2005. This shit is tired. I'm looking at a nice place that's only $1,400.



Same in L.A. No way you get out for less than 30% unless you live in South Central or East L.A.

Besides, I gots to have reserved parking. Fuck that trying to remember where you parked your car last night and hoping it's still there. In this place I can get my own locked garage for $150.

dood, why do you still live with her if you split 3 years ago

 

[captainahole]

Man I'll tell you I own my home outright no mortgage on it and taxes are next to nothing. It is a great being without it. YOu have so much more money to enjoy other things and saving up for remodeling is much easier that way as well. I think to many people purchase homes that are way out of there means and end up living house poor for years. When your ready by a starter home that is very reasonable and a fixer upper if you have to it will pay off in the long run.

 

[Dial_tone]

dood, why do you still live with her if you split 3 years ago

Cost

 

[-SD-]

Cost

isnt your sanity and peace of mind worth more than that

 

[javaguru]

My rent alone is 6% of income before taxes.

 

[Dial_tone]

isnt your sanity and peace of mind worth more than that

Did you notice this thread is about getting my own apt, orb?

 

[Mr. dB]

Did you notice this thread is about getting my own apt, orb?

Do it. Just do it.

Do you get custody of all the animals?

 

[jackangel]

about 1400 for a 1br in northridge. where do you live, dt?

 

[Dial_tone]

about 1400 for a 1br in northridge. where do you live, dt?

Palos Verdes, but I'm looking in Redondo. I want to stay in the South Bay area.

DB, the critters are property of the roommate. I'll miss the dog for sure. They don't allow dogs where I hope to be going.

 

[Beachboy6294]

Rent is about 35-40% of income...fuckin blows, but that's what the NYC area will do to you

I'm sure a lot of people will jump all over for me for that, but shit's different here

Damn bro 35-40% of you're income sucks!! NYC is way to expensive for me to live in!!

 

[hardrock]

I guess I'm at about 35% with utils.

 

[miplank]

holy shit....you guys pay a lot for rent...

I've got a brand new 3000 sq ft. house that I only pay 1500 a month for.

 

[Dial_tone]

This suggested budget I found was as follows:

33% - Housing, utils
14% - food (I could easily make this 10% since dining out is my entertainment below)
14% - auto (no car payment and I get half my gas free so I could make this 5%)
05% - auto insurance (even with renter's insurance this would be 4.5%)
09% - debt, savings (got a credit card balance of $4K, I could up this to 13%)
05% - entertainment (dinner & movie 1-2 times a month)
05% - clothing (even 5% is almost $2K/year; I don't spend 1/3 that)
05% - medical (I don't pay for healthcare so this would be eyeglasses and yearly exam, down to 2%)
10% - miscellaneous

With those adjustments I should be able to handle 40% on rent/utils.

 

[bill.french]

This suggested budget I found was as follows:

33% - Housing, utils
14% - food (I could easily make this 10% since dining out is my entertainment below)
14% - auto (no car payment and I get half my gas free so I could make this 5%)
05% - auto insurance (even with renter's insurance this would be 4.5%)
09% - debt, savings (got a credit card balance of $4K, I could up this to 13%)
05% - entertainment (dinner & movie 1-2 times a month)
05% - clothing (even 5% is almost $2K/year; I don't spend 1/3 that)
05% - medical (I don't pay for healthcare so this would be eyeglasses and yearly exam, down to 2%)
10% - miscellaneous

With those adjustments I should be able to handle 40% on rent/utils.

it is too hard to tell me as over the last few yrs my income was up and down and I didnt budget for anything. I just made money and pissed it away. Im going to get my shit together. I still have awsome credit and savings but my income is no where near what it used to be and I have 12k in debt..