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Topic: How much does everyone pay for rent?  (Read 6374 times)

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Re: How much does everyone pay for rent?
« Reply #30 on: January 07, 2008, 07:06:13 PM »
we pay 1325 pcm (26% of our monthly net income) for a 3bed (read 2bedroom with a walk in closet just about) semi detached victorian (one bath) in Kingston... much tinier than we wanted but its all we could find in the time we had seeing as we had dogs too.


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Re: How much does everyone pay for rent?
« Reply #31 on: January 07, 2008, 11:22:03 PM »
To pay for our mortgage and council tax we're on a little more than 13% of income.

The 3 bedroom houses (mostly 2 bedrooms with a third box room) are about £1000/month to rent in this area of South Buckinghamshire.  £1200-1300 for a 4 bedroom to rent.
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Re: How much does everyone pay for rent?
« Reply #32 on: January 08, 2008, 12:46:43 AM »
I could find a cheaper apartment around here, but it would be in a less safe neighborhood. About 50% of our income goes to living expenses. I think financial wizards recommend no more than 1/3 of your income be devoted to cost of living (rent, food, utilities, etc...) but that's just not realistic for us right now. Hopefully it won't be too much longer before we can be more comfortable. It's definitely stressful.


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Re: How much does everyone pay for rent?
« Reply #33 on: January 08, 2008, 12:56:21 AM »
Damnnn 1325pcm??  We are about to sign a lease for a two bedroom for 475pcm  it is a nice house that was just redone, everything looks spanking new.  3 bedrooms doesn't go for much more.  Probably due to the fact that it is Ayrshire.  :)


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Re: How much does everyone pay for rent?
« Reply #34 on: January 08, 2008, 01:26:04 AM »
Damnnn 1325pcm??  We are about to sign a lease for a two bedroom for 475pcm  it is a nice house that was just redone, everything looks spanking new.  3 bedrooms doesn't go for much more.  Probably due to the fact that it is Ayrshire.  :)

The joys of living in the London area!  3 beds in our neighbourhood go for around 2000 pcm these days.

I remember when we lived in Marylebone (Central London) there was an ad in a local estate agents for a place for 20,000 per month, 240,000 per year!  If you have money to rent a place like that why not buy?  It had one of those theatre rooms and some other sweet features that belong in a MTV "Cribs" episode.


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Re: How much does everyone pay for rent?
« Reply #35 on: January 08, 2008, 04:31:55 AM »
The joys of living in the London area!  3 beds in our neighbourhood go for around 2000 pcm these days.

I remember when we lived in Marylebone (Central London) there was an ad in a local estate agents for a place for 20,000 per month, 240,000 per year!  If you have money to rent a place like that why not buy?  It had one of those theatre rooms and some other sweet features that belong in a MTV "Cribs" episode.
That's just crazy.  Good thing I have no desire to live in London or nearby.  I'm really going to miss Tx.  You can get a decent home for 120k in this quiet area.  Closer to Dallas isn't too bad at 150k and up.


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Re: How much does everyone pay for rent?
« Reply #36 on: January 08, 2008, 06:52:07 AM »
1325 was by far the cheapest thing we looked at by at least 175pcm.


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Re: How much does everyone pay for rent?
« Reply #37 on: January 08, 2008, 08:09:04 AM »
Ya'll make too much money  ;D


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Re: How much does everyone pay for rent?
« Reply #38 on: January 08, 2008, 08:41:37 AM »
i was paying £650/month for a nice 1bed in peterborough area.

now i pay 15% of my gross salary towards my mortgage.
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Re: How much does everyone pay for rent?
« Reply #39 on: January 08, 2008, 08:42:05 AM »
Ya'll make too much money  ;D

If only!


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Re: How much does everyone pay for rent?
« Reply #40 on: January 08, 2008, 09:50:43 AM »
Bit late here, but we pay £800 pcm for a 1 bed in central-southwest London (Zone 1/Zone 2 borders).  The price is EXTREMELY cheap for our area, since the basement below us is similar configuration but smaller square footage and they pay £230/wk (we pay £185) - we think it's because we use a private landlord & not an agent.  Private landlords TEND to be a bit cheaper, plus you avoid nasty agency fees.

It's hard to give a percentage, b/c the boy works in sales so his salary ranges widely every month.  My share of the rent is about 40% of my net salary, but I just admin temp at the moment, so my income is rather low.

Let's just say I'm very jealous of those who pay 30% or less!!  Love London, but my wallet will be happier when we're ready to buy a house somewhere else (still in England, but not urban!).
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Re: How much does everyone pay for rent?
« Reply #41 on: January 08, 2008, 12:04:48 PM »
If I had a job, our ratio would be different.  I am not at all comfortable with paying 30% towards housing, but when forced to choose between working and being with my children while they are young- for me there is no choice. 
My youngest is 3 and will be in full time school in 3 years, so hopefully we can improve savings and change that in a few years.
I think one of the hardest things is not being able to save.  We can save a small amount each month, but we would be going without evenings out/ sitters/ time away and then I think it takes a strain and toll on marriage. 


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Re: How much does everyone pay for rent?
« Reply #42 on: January 08, 2008, 01:50:05 PM »
Quote
That's just crazy.  Good thing I have no desire to live in London or nearby.  I'm really going to miss Tx.  You can get a decent home for 120k in this quiet area.  Closer to Dallas isn't too bad at 150k and up
Dallas and Texas sounds really cheap!!!
When we lived in Washington (actually Virginia but DC metro area) the 3-4 bed townhouses were going for $450K upwards and that was about 9 years ago.  A friend said the houses in Georgetown for a nice townhouse are $750K average!  Pretty much comparable with nice home counties outer London prices.
I imagine somewhere like San Francisco may be even more expensive than many parts of London.
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Re: How much does everyone pay for rent?
« Reply #43 on: January 08, 2008, 02:08:48 PM »
I think we pay around 25% for our mortgage, we have owned our house for 8 years and we bought it for a fraction of what its worth now, we keep borrowing on our mortgage to do further work on our house. We have a good sized 3br Semi in South Manchester with a HUGE 20 foot kitchen, so we feel like we are living pretty high on the hog!
(note I said we feel like it...)


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Re: How much does everyone pay for rent?
« Reply #44 on: January 08, 2008, 02:14:09 PM »
Dallas and Texas sounds really cheap!!!
When we lived in Washington (actually Virginia but DC metro area) the 3-4 bed townhouses were going for $450K upwards and that was about 9 years ago.  A friend said the houses in Georgetown for a nice townhouse are $750K average!  Pretty much comparable with nice home counties outer London prices.
I imagine somewhere like San Francisco may be even more expensive than many parts of London.
Latest Mercer Cost of Living Index has Moscow as the most expensive city in the world for expats with London second (26% more expensive than NY).  However I think this is just because the US dollar is so weak at the moment, I'd say normally NY and London are fairly comparable.

I was in DC from 1993-1998, sounds like we may have overlapped a bit!  It's a nice city and very friendly (at least for someone raised in the Northeast).  I loved 4th of July on the Mall, it was always a blast.  I was north of Georgetown in Friendship Heights.


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