Is spending 50% of income on rent/housing a bad idea or the new …

Whether or not spending 50% of your income is bad or good doesn't change simply because it's becoming more common or not. These are two different things. A thing can be common and …

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Is Spending 50% Of Income On Rent/housing A Bad Idea Or The New …

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Whether or not spending 50% of your income is bad or good doesn't change simply because it's becoming more common or not. These are two different things. A thing can be common and …

reddit.com

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Is Spending 50% Of Take Home Pay On Housing A Bad Idea?

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Combined pre-tax income is 212k year. I make 118k and fiance makes 94k, I'm a software engineer and less than 2 years into my career and expect to have a lot of income growth but …

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Is Spending 50% Of Income On Rent/housing A Bad Idea Or The New …

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Jul 3, 2021 · But even with my salary, finding a rental that that only uses the recommended 33% of my income is nearly impossible with the high as heck rent prices. And I’m very aware how …

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Is Spending 50% Of My Monthly Income On Rent A Bad Idea? : R

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This heavily depends on income level and future expected income. I wouldn’t mind spending 50% at the start of my career if I expected to grow to higher income in a few years. Especially in the …

reddit.com

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Is It Ever OK To Spend 50% Of Your Income On A Home? - MSN

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Generally speaking, it's not a good idea to spend 50% of your income on housing. But that doesn't mean that it's never OK. Under the right circumstances, you can commit to that sort of housing ...

msn.com

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Why Spending More Than 30% Of Your Income On Rent Is A Bad Idea

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Jul 22, 2023 · It is thought that over 10 million Americans spend more than half their income on rent, which is simply not a good idea or sustainable at all. And with rent prices on the rise in …

renthop.com

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Spending 50% Of Your Income On Rent? You’re Not Alone - Yahoo

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Jan 30, 2024 · According to a new report by the Harvard Joint Center for Housing Studies, half of all American renters spend 30% or more of their income on rent, a record number. The report …

yahoo.com

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Is Spending 50% Of Monthly Income On Rent A Bad Idea?

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Real bad idea. You won't have wiggle room for any unexpected emergencies. Used to live in the city most of my life and was pushing around 40%-45% of my monthly income. You can drop …

reddit.com

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Rent Soars, Pay Lags: Why Millions Are Working 50+ Hours

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Nov 7, 2024 · By the end of 2022, 50% of renter households were classified as "cost-burdened," spending over 30% of their income on housing and utilities, while 12.1 million households …

benzinga.com

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Don't Spend More Than This Much Of Your Income On Rent

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Nov 5, 2023 · This rule originates from the 1969 Brooke Amendment, which (in simple terms) states that public housing cannot require tenants to spend more than 25% of their income on …

moneydigest.com

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Spending 50% Of Your Salary On Rent : R/LivingAlone - Reddit

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Like others say, it’s a pretty personal decision how much value you get and how much you can squeeze, but just for an alternative perspective, there’s a 50/30/20 rule of budgeting with your …

reddit.com

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Nearly Half Of Renter Households Are Cost-Burdened - Census.gov

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SEPT. 12, 2024 – Over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households …

census.gov

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Would You Spend 50%+ Of Your Net Income On Rent If Its Just

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This doesn't read like you want advice, it sounds like you want someone to justify this for you. The reality is that spending %50 of your income on rent just isn't possible, after utilities, phones bill, …

reddit.com

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I Spend Almost 50% Of My Take-home Income On Rent Every Month …

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I'm introverted at that, but even "I" spend time growing outside the house. Too much to see and experience. I recommend at least considering spending some time doing things outside the …

reddit.com

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Why Is >50% Of Income On A House A Bad Thing? : …

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For most people, spending 50% of income on a house would threaten their ability to save for retirement, have car downpayments, cover medical bills, buy kids school clothes, go on …

reddit.com

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How Smart Is It To Spend 50% Of My Income On Rent?

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Not smart at all. First and foremost (even if you don't care about financial independence) 50% is way beyond what is recommended. If I recall correctly, you should not be spending more than …

reddit.com

FAQs about Is spending 50% of income on rent/housing a bad idea or the new … Coupon?

Do renters spend more than 50% of their income on rent?

Of the 22.4 million renters who are rent-burdened, the study found that roughly half of them are spending more than 50% of their income toward rent. This has impacted Americans across a broad range of income levels. ...

Should you spend 50% of your income on housing?

However, in some cases, it may be OK to spend 50% of your income on housing. You'll just have to make sure your remaining expenses are notably low. Zillow reports that the average U.S. home value is $347,716. ...

Is spending 50% of your income bad or good?

Whether or not spending 50% of your income is bad or good doesn't change simply because it's becoming more common or not. These are two different things. A thing can be common and bad. It can be uncommon and good. There was a time that smoking was more common than it is now.. more of "the norm". ...

Are Americans burdened by rent?

And currently, more Americans are burdened by rent than ever before. Harvard defines "cost-burdened households" as those that spend more than 30% of income on rent and utilities. Median rents were 21% higher in 2022 than they were in 2001, with adjustments for inflation. However, renters’ incomes have risen just 2% during the same period. ...

Are rents outpacing household incomes?

In recent decades, rents have dramatically outpaced renter household incomes (Figure 1). Between 2001 and 2022, the median rent increased by 21 percent, while the median renter household income increased by just 2 percent, after adjusting for inflation. Rents have grown rapidly across all income groups. ...

How much money should you spend on housing?

Only spending 1/3 of your income on housing is just a useful rule of thumb. It help you get a quick estimate of what you can afford. But you should get a more accurate number by figuring out your budget with real numbers. If you have categories that you spend less then the rule of thumb on then you have more money left to spend on other categories. ...