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.
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.
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.
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!
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.
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!
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.