15% of your income

[SUPERSAIAN]

If I say in the context of my country, then in my country, there are different housing costs in villages and cities. I am a student, I pay tuition to cover my education and living expenses. Since I don't have a house in the city, I have to live in a rented house. Half of the money that is spent on my university tuition fees goes to renting my house. To be honest, our housing costs are much higher in the city. But in the villages, everyone has their own house, so everyone can stay in their own house. In that case, apart from the development of the house, there is no housing cost.

In my country, it varies even from city to city, but it's like that all over the world now the housing crisis is a reality. I don't know, maybe people living in big metropolises spend more than half of their income on rent and housing expenses. It's like they're working just to have a place to live, all the expenses go to housing, which is not at all satisfying and isn't even sustainable in the long run.

[Asuspawer09]

The lower for sure the better but around 20-30% probably should still be fine at tops if it was a huge house that you are paying, I think it's textbook if you can't pay your rent or your house with these kind of percentage of your income that just mean that you just can't afford to buy a house yet or rent one. Because paying a house with like 50% of your income is going to just destroy your finances, and it is going to make you suffer, surely going to dig you a deeper hole in a lot of debt because you just can't sustain these huge leaks in your finances.

Most of the people have different strategies on there budgets, but most of the people get pressured a lot of buying a house or renting because house are just status symbol now, we know that it is easier to buy a huge these days and you could easily buy one with a very little downpayment, but a huge monthly plus it might probably cost you 2x the house after paying it for 20-30years. Housing probably is going to be the biggest expense most of the time so we should keep it control over 15% of lower, I mean the numbers just dont lie to us, real estate agent might say that you can afford it since they are going to give it to you, or you are going to get approve on buying the house, but always run the numbers if you could actually pay it long term.

[Makus]

Have you considered the inflation and how bad the economy is? The price of houses is way higher than just 15 percent of what average earners make, unless you are focusing on people earning tens of millions because this isn't the case for everyone. Your statistical data on this is wrong and you need to recheck where you got this information from. In this time and age it costs people more than just 15 percent of what they earn to own a building or to rent, This is an outdated information perhaps you are talking about 10 to 15 years ago.

[Z_MBFM]

almost 10 years ago, i read that your rent or whatever you pay for your home should not exceed 15% of your monthly income. now in 2026, many reports are saying that there definitely is a housing crisis.

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

As time goes by, the amount of house rent is increasing, this is because the population is increasing and there is a housing crisis for people. In my country, the average income of a person is $200, but if someone wants to rent an average standard house, then his house rent will be $120, so what percentage is it here? It is about 60%. As time goes by, this issue will become more difficult for more people. Meanwhile, due to the land crisis, a person cannot easily own a house. And it will be more difficult in the coming days.

[Rockstarguy]

almost 10 years ago, i read that your rent or whatever you pay for your home should not exceed 15% of your monthly income. now in 2026, many reports are saying that there definitely is a housing crisis.

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

It is not everyone that earns this fine amount that can be able to afford such money from what they for house rent. Rent has become a serious problem and it one of the most expenses demands.  Since rent is on the high now, what i think people can do irrespective of what they earn to meet up is if they can be able to save some amount of money monthly and by the time it gets to the end of 12 months one must have realised some amount of money, these are for those who pay their rent annually. Many people starts making preparation for rent when the due time of the rent is near and it is very difficult.

[Smartvirus]

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

The advent of Real Estate as a business and the technology that surrounds the various housing and developments as we have it in our world today has contributed a lot to the steep and speedy rise in rent or affordable housing. There is no affordable housing anymore and there isn’t much of a policy in place that keeps this in check. Housing remains one of the basic and fundamental needs of a human but right now, it’s one of the very things that is as far from reach as possible to common individuals in the society and it would continue to be so if not checked. It’s not getting better but more and more worst by the day and would by far surpass 15%.

[Franctoshi]

almost 10 years ago, i read that your rent or whatever you pay for your home should not exceed 15% of your monthly income. now in 2026, many reports are saying that there definitely is a housing crisis.

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

Inflation is on the rise and price of houses have soared to its all-time highs and even worse than that of 2008 housing and financial crisis.
Now the problem is that as the prices are increasing, Our salaries have remained the same, Now tell me, how would 15% of your income be applied here? Since the salaries are not increasing with the increasing prices. We all can see how the price of houses and other things has soared and gone up about 3x-5x or even more than.

[Samlucky O]

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

House rent expenses is not my biggest challenge right now, and secondly I am not paying %15 of my income to any house rent. The place I am right now is less expensive compeard to that %15. It might even be as low as %7 of my income. I don't know about others but I can't go to a place that is much expensive to the extent of affecting my income.

[Abiky]

almost 10 years ago, i read that your rent or whatever you pay for your home should not exceed 15% of your monthly income. now in 2026, many reports are saying that there definitely is a housing crisis.

with some saying this could be worse than the 2008 crisis. do you still believe that only 15% of your income goes to rent or house expense? is housing expense your biggest expense monthly?

The problem here is the FED won't lower rates (aka rate cuts). As long as interest rates remain high, don't expect housing costs to improve anytime soon. While I don't have any housing expenses, I know several friends and family members that do. Saving 15% of your income nowadays, is not enough to be able to pay for housing. The costs are simply too high to bear. Same goes with buying a new car.

I've read that several US states are planning to eliminate the "property tax", so Americans might be able to experience a slight relief in housing. I can't say the same about other countries. The situation could be worse in other countries. Hopefully, we'll see "light at the end of the tunnel" as central banks begin to cut rates in-mass. The ECB is way ahead in this. We'll see if the FED will follow suit...

[SquallLeonhart]

If I say in the context of my country, then in my country, there are different housing costs in villages and cities. I am a student, I pay tuition to cover my education and living expenses. Since I don't have a house in the city, I have to live in a rented house. Half of the money that is spent on my university tuition fees goes to renting my house. To be honest, our housing costs are much higher in the city. But in the villages, everyone has their own house, so everyone can stay in their own house. In that case, apart from the development of the house, there is no housing cost.

This is why in many parts of the world, there is a reverse immigration these days. Back in the day , like 20-30 years ago and more, people moved from rural small towns to cities because they were making a lot more money there.

However, even though city still pays more than rural jobs, these days the cost of living in a big crowded city is a lot more, and that means while you may make more, it is not enough and you still can't afford to live there. Whereas in a rural area you make much less, but you can actually sustain and costs are much lower. Housing is still a problem for many people, but if you take a out a loan now, you would have more than 15% of your income going to mortgage today, in 5 years, not so much, in 10 years, it would be negligible.