View Poll Results: How much (%) of your household income do you spend for your housing rental?

Voters
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  • Less than 5%

    20 4.50%
  • 5.1 to 10%

    32 7.21%
  • 10.1 to 15%

    46 10.36%
  • 15.1 to 20%

    61 13.74%
  • 20.1 to 25%

    79 17.79%
  • 25.1 to 30%

    89 20.05%
  • More than 30%

    117 26.35%
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How much (%) of your household income do you spend for your housing rental?

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  1. #1

    Join Date
    Oct 2006
    Posts
    288

    How much (%) of your household income do you spend for your housing rental?

    Following someone's comment in the other thread, how much (%) of your household income do you put toward your housing rental? If your income varies (because based on commission for example), how much was it last month/year, or what do you expect it to be this year?

    If you are an owner you should consider your mortgage as your rent...

    Last edited by RastaMan; 11-11-2006 at 11:07 AM.

  2. #2

    Join Date
    Jul 2006
    Location
    kowloon
    Posts
    396

    obviously WAY TOO MUCH!!! and my rent is considered pretty cheap for a whole flat to myself. rent plus utilities is like 30% of my monthly pay.

    WANTED: nice flexible and responsible non-smoking roommate. female preferred. lol


  3. #3

    Join Date
    Jun 2006
    Posts
    202

    ouch! We're expecting to be spending about 40% -50% of our income on rent to get something of a decent size...and by decent I mean 1000sqft - not exactly palatial.

    And there was me thinking HK housing prices couldn't be any worse than London ones...

    Jen


  4. #4

    Join Date
    May 2006
    Location
    Hong Kong
    Posts
    153

    I'm thinking about buying now, but everyone tells me that the prices are really high at the moment. What do you guys think? Are the prices really going to come down?


  5. #5

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,221

    We're answering this based on gross income or post-tax? (I used gross for what it's worth).


  6. #6

    Join Date
    Oct 2006
    Posts
    288
    Quote Originally Posted by PDLM
    We're answering this based on gross income or post-tax? (I used gross for what it's worth).
    Yes, gross income. Sorry, I forgot to specify.

    Re house prices: I have heard that prices are 'going up', not that 'they are really high'. I think it wouldn't be a bad time to buy. But according to my calculations it's cheaper to rent than to pay the mortgage.

    I pay 9,300 dolars for a flat that costed (if I remember correctly) 4.3 million to buy 10 years ago. Not exactly the best investment I ever heard of. But then don't forget that I missed my O levels in math...

  7. #7

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    3,646

    not sure who you heard it from, but apparently most ppl involved in the real estate trade will tell u house price is always going up.

    or they will say : "its going to be volatile for a while but over 3-5 years you shld make money"... which essentially means it might go down then come up again. then why shld a person buy now instead of buying when its lower.

    dear giant likes this.

  8. #8

    Join Date
    Oct 2006
    Posts
    288
    Quote Originally Posted by freeier
    not sure who you heard it from,
    I heard it from an agent

    I any case I am not interested in buying (I am not into wasting money...), only in renting.

  9. #9

    Join Date
    Jan 2006
    Location
    Park Island
    Posts
    2,058

    Actually, i can't stand the fact that i'm paying rent. It's like me paying off someone's mortgage But I'm not about to buy an apartment here....market way too volatile for me.


  10. #10

    Join Date
    Mar 2006
    Location
    KTK rules!!!
    Posts
    776

    I might buy next year. At the end of the day, it's about gut feel. No one really knows when it's gonna go up or down...


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