this post was submitted on 13 Sep 2023
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Until a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone's saying 33% like there's some sort of thought behind that number other than "We want more of your money"...
33%? For the last 5 years I've been paying closer to 45-50%.
That's not counting power bills, which cost several times more than in the US.