2 ms·
> In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up. Well, except you
by mason55 8y ago
> In the three years I have been here the rents have risen probably 15% or so - it means even with promotions and pay rises you just keep up.
Well, except you also have 15% more money after paying rent as well. If you save the same percentage of your overall income then your absolute savings went up 15%. And if you assume that all your other costs are not rising as quickly (maybe fair, maybe not) then you could save a higher percentage of your income because your salary grew faster than your costs as a whole.
It's the same argument why living in SF or NYC is worth it even with the high cost of housing.
- alexgmcm 8y agoNo, I mean my salary went up at most 15-20% in that time. So it means even with promotions etc. you just break even - it feels like you are just working for your landlord. That said, it is still better than London where the situation is just untenable and I prefer the quality of life here as well. (sadly so do all the tourists!)