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 I am trying to sale my house on my own any advice?
No, I dont want to go through a realty ...


 Landlord Suing me?
I signed a 12 month lease on May 24th 2006. On August 2, 2006 I was at work and from the witnesses, they say the incident happen around 1am. I was working nightshift. I came home to my apartment ...


 How old do you have to move out? in england?
The only thing i wanna do is move out and i know its alot of trouble but how old do you have to be?

And how much would the average be to share a house this either 1 other person or 2 other ...


 Landlord entered without permission or notification?
this is the second time he has done so to shwo propsective buyers the building. he told us at the time of the lease that he would not enter the apartment without informaing us first. Well, now he has ...


 When selling your house do all the utility bills (gas and the electricity) have to be settled before exchange?
I know of someone who hasn't paid the gas bill for years! I think the gas co. simply hasn't got them registered. They've been using it endlessly. Can that person sell off and move out ...


 How much time do you have to give your landlord if your moving?
I want to move out of the city but am not sure on how much notice you have to give the landlord.
Additional Details
It is not stated in my lease how much notice to give....


 I bought a house from a relative years ago. He signed a Quit Claim deed and i didn't recorded it until ......
A few weeks ago.I wanna know if my property is "secured" now or what are the next steps i should take to have rock solid ownership of the house. My relative is having a change of heart and ...


 What does "no qualification" mean when buying a house?
...


 Am I liable for rent if I moved out and 2 roomates are still living in the apartment?
I moved out of my apartment last November because my best friend and my ex were bangin each other and I couldn't stand living there anymore. Now one of my roomates is trying to come after me now ...


 Is it leagal to share an apartment with someone that is just your roomate and not a part of your family?
...


 How do i evict a friend who i don't have a lease with and who has never paid the rent agreed on?
My friend and his two children moved into my home in August '07 under the verbal agreement he would pay me $400 a month. We did not have a written lease. I have only received the first months ...


 I am considering withdrawing my IRA money in order to purchase two 4 unit properties. Comments?
I have $165,000.00 in the account and will need about half for down payments. I will net about $52,000 a year in income....


 I had to move my pitbull for insurance reason and the owner what to know where they are located. What to do?
I have and owner and a landlord I was able to move them in one day so the insurace company back to the house. Legally I don't think they need that information.I want to do what is right. please ...


 Does anyone else have an a**hole for a landlord?

Additional Details
and why do you consider them to be that?...


 Is 159,000 a reasonable first offer for a house listed at 199,999?
we are first time home buyers and have found a home that we want. It's listed at 199,999 and has been been on the market since june of 2006. We dont want to pay any more than 170,000 for a ...


 Can my elderly mother evict her two freeloading tenants by putting there belongings outside and changing the l
ocks? They are tormenting her! No written rental agreements, no rent paid since nov. 06. served a 3-day notice, served eviction, obtained restraining order (judge made it for 5 feet away only. T...


 My boyfriend's buying a house and I want my name on the lease How do I ask?
or should I ...


 A house owner promises a pal FIRST OPTION to buy it. What does that mean in law?
...


 How can I fire my Real Estate Agent?
I don't think my real estate agent is doing enough to sell my house and I want to fire him, what can I do?
I am in a three month contract with my real estate agent at four percent ...


 If you're a landlord and you're allowing your tenant to break a commercial lease, how should you handle it?
I will allow the tenant to get out of his lease with me. I will allow him to leave under certain conditions, which are actually, in my opinion, very reasonable. I know some people have demanded ...



Andrew W
How much rent can I afford?
Is there a rule of thumb that says how much rent I can afford based on my wage?
                     
 




kingstubborn
Typically 30% of your income for rent and utilities is considered "affordable."


Holly Golightly
I say take your monthly wage, subtract 10% of it (this should go directly into your savings). Then subtract all your bills and things you pay for (car, insurance, phone, school, etc, etc). From that total, subtract your necessary future bills (gas, electricity, water) and then luxury bills (internet, cable, Netflix, etc). Whatever you have left over is what you can pay for rent.
I always say put some money into your savings account (open one if you don't have one) in case your car breaks down, you get into an accident, or any of life's unexpected emergencies. That way, you will still have some money left over to pay all your bills and rent on time.


Tricee
Rating
Your monthly wages should be three times more than your rent!


cbrkev98
Rating
Typically you would use 25% of your gross (before taxes) monthly income. You can go to 30 - 40, this would be tighter.


Cari
Rating
The rule of thumb is that rent should be up to one-third of your wages. I'm not sure, though, if this rule means your wages before tax or after tax.

However, I personally find that this is not even slightly realistic. I live in central London so if I actually paid one-third of my wages for rent, with council tax, utility bills and transportation costs on top of this, I would have only a pittance left over, which would basically cover food and nothing else. So, I found a place where my rent is less than one-fifth of my take-home pay.

My personal rule of thumb is that if you're renting, always find the cheapest place you possibly can. Rent is just lining someone else's pockets. Pay as little as possible so that you can afford to save up for your own place.


Pat B
Rating
Add your monthly debt and rent. It should be under 30%. Atlthough, if it's lower you can save something to purchase, someday.


pink_jo84
theres no set ruling but go for less than 30%- mines 20% and it works out good.


Mike
No more than 25 to 30 percent of your income for housing


sage seeker
Rating
Yes there is - if you are in the USA most property managment companies/landlords say your rent should be no higher than 1/3 of our gross income.


bluegirl
You just need to know what your outgoings are and what your basic income is . The difference is the max that you can afford. Personally I would only go to half of that as you never know when you might be sick or an unexpected bill comes in. Better to be safe than sorry


Jay S
Rating
The answer is NONE! Why throw money away? If you rent, you pay someone else's mortgage payment and a profit to them. Many people are unaware that you can often own a condo, townhome or house for no down payment and payments that are equal to or less than rents in the area. So I advise you, even if you work for minimum wage, to consider owning instead of renting. If you plan to stay for at least 1 year, you'll be much better off. On the other hand, if you can't commit to staying for at least a year, go ahead and rent.


JustAsking
Create a budget with proposed expenses and find a rent amount that you're comfortable with.

Example:
Rent: $500
Car: $300
Cell: $60
Credit cards: $150
Electric: $75
Other: $200

Total monthly: $1285

If you bring home $2000 month then you're good. You'll have about $715 left over.

If you bring home only $1500 a month, then it may be a little tight for you. You have to allow for other expenses like gas and stuff like that.


sadiemarie_cook
Rating
I have heard of the rule for an engagement ring but rent? Just work out how much you take home, cut it in half n take away bills n counsil tax, what is left is what you can afford.... simple, unless ur a teacher living in london, rthen you end up with a minus figure but have a hell of a time at the weekend building up a debt


Beckham
Rating
I dont understand your question.


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