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Old 23.10.2010, 08:08
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Re: How much of your net salary do pay in rent?

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More than about 30% of your gross revenue will get the agent or owners wary about renting an appartement/house. Ditto for the banks, if the mortgage and estimated maintainence/renovation costs will more than about 30% of your gross revenue they will look very closely before granting a mortgage.

This is just a ball park figure, there are certainly exceptions, both ways out their.
^^ what he said. The banks' affordability calculation is based on 30% of gross income with a (compared to current) slightly inflated interest rate of 5 point something.
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