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What percentage of your income goes towards your rent? / Do you own your home? (midwest.social)

submitted 3 years ago* (last edited 3 years ago) by [email protected] to c/[email protected]

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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

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[–] [email protected] 8 points 3 years ago* (last edited 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.