Re:UK survey: 40% of respondents pay more than 50% of their ...
by jaclaz on Saturday September 02, 2017 @07:18AM
(#15155403)
In theory it should be between 1/5 and 1/4 of your net income, to be increased to a maximum of 1/3, as DaiPlusPlus stated, in "high density" or "high value" cities or areas.
These "rules of the thumb" have been accurate for decades, lately the numbers "went crazy", partially because of the increase of costs for new houses, partially because of the lowering (or stagnating) of income, partially because of increases in taxation (either on personal income or house related taxation).
The phenomenon is not restricted to the UK, or to the London metropolitan area, here is a data point about Italy (the article is in Italian but the leading graphic is clear enough):
The three bars are respectively employees (dipendenti), independent professionals (autonomi) and retired people (pensionati) which represent roughly three different levels of income, average, high and low.
These "rules of the thumb" have been accurate for decades, lately the numbers "went crazy", partially because of the increase of costs for new houses, partially because of the lowering (or stagnating) of income, partially because of increases in taxation (either on personal income or house related taxation).
The phenomenon is not restricted to the UK, or to the London metropolitan area, here is a data point about Italy (the article is in Italian but the leading graphic is clear enough):
https://www.idealista.it/news/immobiliare/residenziale/2017/...
which is not that bad in Google translate.
The three bars are respectively employees (dipendenti), independent professionals (autonomi) and retired people (pensionati) which represent roughly three different levels of income, average, high and low.