this post was submitted on 13 Sep 2023
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[โ€“] CampRefugeeCounselor@reddthat.com 8 points 1 year ago (1 children)

Until a decade ago, the rule of thumb was never spend more than 20% of your salary on rent. Then it changed to 25%. Now everyone's saying 33% like there's some sort of thought behind that number other than "We want more of your money"...

[โ€“] Armand1@lemmy.world 1 points 1 year ago

33%? For the last 5 years I've been paying closer to 45-50%.

That's not counting power bills, which cost several times more than in the US.