I stay in a two bedroom home that comes to about 4.2% of my gross monthly income. It can be said that the house is shabby and not in a safe neighbourhood. The landlord hasn't changed the rental price since I moved in six years ago. Today, the same place should be about 50% more expensive.
It should be noted that I also attend graduate school which takes a significantly larger amount of my income each month. I recently got a promotion at work which makes my tuition finally affordable and my rent seem ridiculously out of whack.
With the promotion, I want to move to a nicer place, but it is hard to walk away from paying so little in rent. I don't think I can ever get such a bargain again.
Any thoughts?
To answer an inevitable question, I live in a country with restrictions on foreign ownership that impacts my ability to purchase a nice place.
July 12, 2017 at 05:43AM
