Originally Posted by
Robert Foster
But they did say that if you decided to rent you would have to prove you made 4 times more than the rent. At $1700 a month that would be $6800 a month wages. That’s more than 81K a year. Way above the average French wages. I guess I could look it up but I am not interested in moving to France. [/SIZE]
That's 20 % of your income for rent, which is a little less than they used to reccommend in The US. The classic here was that you should spend about 25 % of your income on housing. That was increased to 30 or even 35 % in the years leading up to the housing bubble--one of many causes of that bubble, probably. I wonder if Americans will go back to 25 % or even lower as one lesson learned in the last couple years?