I am living in Abu Dhabi, where house rents are touching skies (probably literally). Now a question arises, what percentage of salary should be house Rent? Take into account the high inflation in this region in recent years.
Related posts:
- I recently moved to India. How much should my house rent be as a percentage of my CTC or basic salary? I have recently moved to Chennai. I am planning...
- What percentage of your income should be put towards rent or house payments? What percentage of your income should be put twoards...
- What is the best thing to do, if you’re staying in this country for about 3yrs only -buy a house or rent? Me and my husband have a dilema.We currently live...
- Does it cost around the same amount of money to rent a house, as it does to rent an apartment? I’m doing a search for my very first apartment,...
- Why Should I Sell My House and Rent it Back ? Do you want to stay in the same home...
Related posts brought to you by Yet Another Related Posts Plugin.
#1 by misskate12001 at March 28th, 2009
A good rule of thumb is a week’s salary should cover rent/mortgage.
#2 by arizona wolfman at March 30th, 2009
Mortgage companies like to see no more than 33%, but I’d say more than 50% would really make life rough.
#3 by Feminine Lover at April 1st, 2009
It shouldn’t be more than 35% if you are married and have your family with you there.
If bachelor, you should share an appartment and percentage should be 25% only.