%ge of salary that you spend on housing??!

[suzydelarosa]

I'm in the midst of moving down south - which is v expensive - and curious to know how much %ge of your salary (either individual or joint) is spent on housing, just the actual rental or mortgage not the ancillary costs like council tax, heating, gas etc.

Again, It can be rent or mortgage; just wondering if the one-third rule pertains or if people spend a lot more, eg. 50% of their salaries.

Thanks everyone! Am starting to count the pennies already...!

33%, v expensive area on South Coast. Only dh works.

10% small mortgage. N.Yorks.

Our rent is about 25% of our joint salary.

Wow I am jealous of everyone!Our mortgage is 100 percent of Ohs salary and a little bit of mine,so probably 70 percent of our combined earnings?We are in Kent.

We are 40-50% of 1 income but were 25% of joint income when I was working (now SAHM). I contribute still via savings. We will be going down to about 35% as our mortgage is coming off fixed rate and my DP is getting a payrise .

Sometimes it's worth paying more if you are in a nice area and can enjoy the ambiance. So best not just to think of it as 'housing' cost IMO, it's more than that.

A third of income, before tax obviously. I think it's a very bad idea to go above that, although it is hard in the SE. We just moved out of London to Herts in order to get a 3 bed house.

I actually like the french idea of no rentals or mortgages above three times income. Would sort out the crazy cost of housing in this country in a flash.

Ours is 22% of joint income, we are renting and live in East London - It was 29% but we moved into a smaller flat to save money for a deposit.

I did wonder how you managed to eat!

Our mortgage is 48% of dh net salary. We live in a tiny cottage but in a lovely place. Was previously around 27% when dh had full time job but was made redundant and now has a part time job. If it wasnt for child tax credit we couldnt survive. This in itself scares the hell out of me.