4 ms·
It's not a rule, it's guidance to say - if you spend more than this you're probably being irresponsible and living outside your means. The thing is that you're
by naming_the_user 2y ago
It's not a rule, it's guidance to say - if you spend more than this you're probably being irresponsible and living outside your means.
The thing is that you're never going to convince most people to give up living in the place they want to live in, they'll stick around until the bitter end, and that means you end up with people earning 10 pounds an hour living in Zone 2 London in some dickensian shoebox.
- janalsncm 2y ago> if you spend more than this you're probably being irresponsible and living outside your means It’s funny, the way you’ve said it is a common framing, but I rarely see the opposite, equally valid framing: no responsible person should take a job whose wage is less than 3.3x their housing cost. If companies don’t pay enough, the responsible thing is for no one to take the job.
- naming_the_user 2y agoFrom my perspective that's the action you take in order to avoid the problem but it's kind of the same thing. I guess what it comes down to is what comes first for you. For me I've always figured, well, if I'm close to my limit (e.g. I only have a few months savings) then nothing matters other than to build that buffer. Some people seem to focus more on things like the short term (e.g. do I like where I live, does it have things I enjoy doing, etc etc). There's nothing wrong with that, we all will wake up one day and realise we're getting older and it's a bit late to do certain things now, but there's a balance somewhere.