5 ms·

Even without buying, you can spend a higher % of your income on rent and still end up saving more in absolute numbers; and the absolute number is what eventuall

Even without buying, you can spend a higher % of your income on rent and still end up saving more in absolute numbers; and the absolute number is what eventually matters unless you're dead set on picking a place and never moving again.

refurb 6y ago
Yup. If your rent doubles from $1,000 to $2,000, but your salary doubled from $75,000 to $150,000, you incurred $12,000 more in expenses for $50,000 more in after tax income.
- wooger 6y ago
  But you have to live in a specific place, and what you get for your $2000 is considered cramp squalor by the rest of the country.
  - refurb 6y ago
    Sure, but if you're making $50,000 more post-tax, you could always bump it up to a nicer place and still be ahead.