4 ms·
Spending 70% of your income on rent is far from inevitable in Germany.
by fwn 10y ago
Spending 70% of your income on rent is far from inevitable in Germany.
- LeChuck 10y agoNot only far from inevitable but impossible in a lot of cases. When I was looking for an apartment in Germany most (all? I can't remember) landlords wanted to verify that my income was at least three times the rent.
- mrottenkolber 10y agoWell, that can’t work out in all cases, obviously. Remember that a significant chunk of the people don’t make 3x of a low rent in many towns.
- mrottenkolber 10y agoI wrote “as much as.” So this varies from town to village, and how much income you have. So of course for some rich people it will be 10%, but I would guess for most its ~50% (living quality / income trade-off), while you really want it to be below 15% for a decent flat.