Max you’d pay for housing?
What’s the most you’d be willing to pay for rent/mortgage monthly, and what’s your monthly comp?
For Rent: $4k/month For mortgage: $(Income - 4k)/month
$2200 max, about $7500 monthly
$3500 max/about $8000 monthly
No more than necessary to be safe and get good sleep. I was living in downtown SF at first and paying about 1/4 my take home pay in rent. Then I moved to the East Bay for a place that wasn't nearly as fancy but cost about half what I was paying before. It's a kinda weird older building with lots of quirks and not a lot of space, but it's clean and quiet. I prefer to spend my discretionary income on travel. (And to save most of it.)
Currently pay a bit under 1/8th (edit: ~$500) of my after-tax take-home per month, renting and splitting a 1 bedroom with my partner. One of the reasons I decided to stay in Canada after graduating!
Income tends to be lower in Canada though, eh?
Sure is, but work life balance (6+ weeks vacation not counting public holidays, 40 hour work week) makes up for it IMO.
50-60% of after tax salary+bonus (not counting rsu)
$25k monthly combined take home, $5k spent on mortgage + property tax. Tons of money left for savings and buying more properties. We could have bought a much more expensive home but would rather retire early and invest in rental properties.
Gross $12500/month Max I'd spend on rent: $1800
3500 and I make around 500k gross. I'm cheap and like to save.
500k gross is pretty good for eng. What level are you? Did you join early?
Thanks! I did join early but I've vested all of my equity. 30%-ish comes from investments and the rest salary/refresh/bonuses. I'm not sure how my level maps to Uber or other companies but I usually go with low-mid Principal as a reference. I don't drink, which saves a lot. I didn't have student loans because I paid them off as they rolled in with my full time gig. I also kept my rent low early on (sub 1800/mo). I've been re-investing my saving ever since I started making a salary.
One third
Gross or take home pay?
I’d like to say take home pay but if I need to stretch it than I’ll go to a third of gross. If housing prices start costing me more than that I would weigh up moving some place else and getting a different job. All depends on my bottom line in at the end of the year—how much money I’ve saved.