this post was submitted on 20 Mar 2025
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Tech millionaire builds 99-unit tiny house neighborhood for homeless Canadians - rent is kept at 30% of income, the large majority of residents pay a maximum of $200 — including all utilities (www.goodgoodgood.co)
submitted 2 days ago by [email protected] to c/[email protected]
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[–] [email protected] 16 points 12 hours ago* (last edited 12 hours ago) (2 children)

German here, 30% of income after taxes was the rule since a few decades, but in reality many people are closer to 50% now. How do you manage 15%?

EDIT: Oh, right, just saw the 8k income. That's C-Level money here.

[–] [email protected] 2 points 6 hours ago

I am C-level and also German.

[–] [email protected] 2 points 12 hours ago (1 children)

It's a lot but certainly nowhere near C-level.

[–] [email protected] 1 points 11 hours ago (1 children)

High risk, high reward I guess. Less social security, more immediate gain.

[–] [email protected] 5 points 11 hours ago* (last edited 11 hours ago) (1 children)

You misunderstand me, I'm German myself. That's nowhere near C-level, at least not in the bigger corporations. 8k a month is not even 100k a year. Engineers can earn that.

[–] [email protected] 1 points 9 hours ago (1 children)

8k after taxes? That's like 16k before.

[–] [email protected] 1 points 6 hours ago

I was thinking before actually. There's our misunderstanding. Never mind.