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Old 22.10.2010, 20:16
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How much of your net salary do pay in rent?

30% is generally touted as a ball-park figure. Do any of you pay more than this? Do you think this figure is too high? I have been looking at some flats that would cost me 40% and wonder if I can afford to pay this. I am single, have no children or dependants, so I guess the figure could be higher. I dont want to buy for several reasons.
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Old 22.10.2010, 20:20
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Re: How much of your net salary do pay in rent?

I pay 20%, i think it is more or less ok
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Old 22.10.2010, 20:26
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Re: How much of your net salary do pay in rent?

I'd say aim for a quarter, unless you are the type of person who prefers to have a really nice apartment and not go on fancy holidays instead. Even then, I wouldn't say more than a third, tops.
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Old 22.10.2010, 20:53
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Re: How much of your net salary do pay in rent?

The standard budgeting figure is 25%, but it depends on your disposable income thereafter and how important your hut is to you.
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Old 22.10.2010, 21:11
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Re: How much of your net salary do pay in rent?

0%. I bought my house.

Mortgage rather than rent: 17%
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Old 22.10.2010, 21:13
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Re: How much of your net salary do pay in rent?

I can't answer because I put my apartment up here and my answer could give away my personal finances, but I'd say there is no figure - if your apartment is really important for you, go for it. There's no point in being depressed in a hole, when you bust your ass to earn money if you don't enjoy going out all that much. It's up to you.
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Old 23.10.2010, 10:13
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Re: How much of your net salary do pay in rent?

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The standard budgeting figure is 25%, but it depends on your disposable income thereafter and how important your hut is to you.
I agree. That 30% guideline must surely be related to total gross earnings in relation to the average living costs of the average person. eg: if on a very low salary, then I would be looking at wanting a rent well below the 30%, to have enough money left to survive on. If, on the other hand I was earening 650,000 as mentioned by "Not All There" I would be able to afford to survive more than nicely on the remaining two-thirds. (On the other hand though, I wouold not want to spend aaanywhere like 200,000 on rent anywhere, so the 30% would still not apply.)

It makes more sense to think of what you need/want in a place, check the general prices fot that in your area, check how much you need for personal outgoings, savings etc, then make a personal decision based on all that. Then throw the housewarming apero.....
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Old 23.10.2010, 11:19
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Re: How much of your net salary do pay in rent?

I'd summarize it with this: If your rent is going to cramp your disposable income, going to limit your life in any way, going to limit your flexibility in decisions down the road, sooner or later you are going to stress out and hate the crib.

Better to take a look down the road and juggle your priorities appropriately because no principle can satisfy in reality and nobody else can tell you what you need and want, now or later.
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Old 22.10.2010, 20:26
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Re: How much of your net salary do pay in rent?

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30% is generally touted as a ball-park figure. Do any of you pay more than this? Do you think this figure is too high? I have been looking at some flats that would cost me 40% and wonder if I can afford to pay this. I am single, have no children or dependants, so I guess the figure could be higher. I dont want to buy for several reasons.
40% sounds high, money spent on rent can't be spent on going out. If you're single, do you really want to spend all that money to stay in?
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Old 23.10.2010, 12:02
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Re: How much of your net salary do pay in rent?

If I consider our income together then we pay 22% of our salary in rent...decent I guess.
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Old 26.10.2010, 16:45
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Re: How much of your net salary do pay in rent?

I pay 15%. Yes, there are still affordable places around if you're prepared to look. The building looks a bit grubby outside and faces a very busy road, but inside it's all nice and recently refurbished, and to me its the inside that matters.
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Old 07.11.2010, 15:10
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Re: How much of your net salary do pay in rent?

This thread has been helpful. I am mid-30s single woman no kids. I arrive in Zurich on 27 January to begin school on 1 February. I don't have an apartment yet! Can someone recommend a website to find housing that is affordable and trustworthy? I don't know where to look. I have a 7 lbs. Yorkshire Terrier dog that will be with me.
What type of deposits should I expect, as well as overall expectations from the owners of the apartment.

Thanks!
Jesse in Austin Texas
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Old 07.11.2010, 15:15
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Re: How much of your net salary do pay in rent?

Hi there, Welcome to the Forum.

This Thread should give you a few sites to start you off. Read through the posts in the housing section as a great deal of info is hidden away there. Try searching in that section (advanced search) to find relevant points.
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Old 07.11.2010, 15:43
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Re: How much of your net salary do pay in rent?

thank you for the link here. this forum is great!

i am thrilled to find this forum. it is not easy trying to learn german and make a move all at once.

-jj
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