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this post was submitted on 20 Mar 2025
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Damn, $200 sounds low, on the other hand 30% is a crazy share. I'm targeting 10-15% at most.
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.
I am C-level and also German.
It's a lot but certainly nowhere near C-level.
High risk, high reward I guess. Less social security, more immediate gain.
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.
8k after taxes? That's like 16k before.
I was thinking before actually. There's our misunderstanding. Never mind.
Wait what? Your rent is 10-15% of your income? What's that like in absolute numbers?
Closer to 9% right now, 700 USD vs. 8k income after tax. But I generally don't spend more than 1k regardless, it's a hard limit for me.
The thought of 700USD for housing just gave me a boner
Do you work remotely? I'm finding it hard to imagine a high salary in a very low rent area.
Where I live, 8000 net would be 150k a year. That's a high salary around here and rent is not less than 2k a month for a basic apartment for one.
Yes I do, but my office is pretty much exactly 40 miles from where I live, so I could technically commute if I had to. Takes me about 45 min to get there on a good day, with traffic can be 1:15h.
You have a pretty good deal! Do you live in a swamp or something? ๐
Nope, capital city of my State, in a recently built gated community (2018). Corner lot with nice garden and 2400ftยฒ, 4BR. ๐
Amazing. Nice one on finding the dream!
In France the law does not allow rent (or mortgage) payments higher than 1/3 of net monthly income.
It is pretty effective at keeping the housing market vaguely in check.
Fell apart after COVID when a bunch of Parisians sold their little apartments and arrived in the provinces with a million in their pocket. The law has kept it level after that big jump though I think.
In fairness seems to also include all utilities (wonder if internet counts as a utility?)
30% is a good target for keeping things balanced because theoretically youd spend 30% on housing, 30% on food and necessities and 15% for savings and 15% for fun stuff. But reality is for most people the required costs are much higher so you end up with most income going to housing and transportation