tag:blogger.com,1999:blog-4194848132778607550.post5815890042387739941..comments2024-03-28T02:23:23.177-07:00Comments on JohnnyFD.com - Follow the Journey of a Location Independent Entrepreneur: Your Rent Should be 10% of Your Income: How Much to Spend on HousingJohnny FDhttp://www.blogger.com/profile/16606448957561483887noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-4194848132778607550.post-55093885394207250682022-09-20T09:49:01.611-07:002022-09-20T09:49:01.611-07:00hi jhonny
you write very well post i want my own h...hi jhonny<br />you write very well post i want my own house thats why i do job as a designer after sucsess i will purchase my own home here its my site shearling leather jackets for men in usa sarahgoughhttps://www.samishleather.com/category/men/clothing-men/coats-jackets-men/shearling-coats-and-jackets-men/noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-80431239818943368712020-05-09T04:34:26.331-07:002020-05-09T04:34:26.331-07:00Hi Johnny,
Great food for thought. Keeping up wit...Hi Johnny,<br /><br />Great food for thought. Keeping up with Jones is definitely not part of my FIRE dream. Well-written and inspirational post!<br /><br />WTKWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-6598360099082362042020-02-04T13:00:24.349-08:002020-02-04T13:00:24.349-08:00I'm sorry I must confess this post is way too ...I'm sorry I must confess this post is way too long to read. I would rather watch your pics and video. It seems you had good time. I'm glad for you, guys. I am workng on my personal blog at the moment. Do you think it is possible to <a href="https://bestwritingservice.com/blog-writing.html" rel="nofollow">buy a blog writing</a>?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-31558974917459348972019-06-27T05:48:56.377-07:002019-06-27T05:48:56.377-07:00Great plan Ashley. I agree that housing prices, es...Great plan Ashley. I agree that housing prices, especially in cities have gone up a lot from when our parents were our age. But hopefully now that some jobs are more location independent we can take advantage of buying in cheaper places with less jobs. Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-79948775418146920222019-06-26T19:01:47.356-07:002019-06-26T19:01:47.356-07:00We currently spend about 20% in rent and my husban...We currently spend about 20% in rent and my husband still thinks it is too much because houses are cheap where we grew up (just no jobs there!). We are also in the market for a house soon. I was questioning even the conservative 25% rule. We make 4 times the amount of what our parents made. Their houses are modest, but bigger than our apartment and cost less. We live in a similar region but with a better economy. Houses that size exist here but just aren't not as common as the $200,000 and higher houses. Instead of paying more like our peers, why don't we spend what our parents did on a mortgage? That would be 7% of our take home pay. In that price bracket we can buy in cash using the downpayment for the $200,000 house we are 'supposed' to buy,the taxes would make it just under 2% (taxes are very low here).<br />We plan live there for 5 years and improve it to our liking without going overboard then find a bigger house to live in a strong buyers market. The small house will become a rental property for extra income. When the sellers market takes a dive I'm sure the value will go down about 20%, but that's not as much as 20% of a $200,000 house!<br />It also takes the bank out of the equation. Most don't want to finance a small house, especially if we are low risk and make a higher amount. It confuses them. They would rather we spend more. I've had a bank lie about the smaller loan having a higher interest rate due to risk just to get me to spend more. Normally this is true, but looking at the rate I was locked into, it wasn't any different from a larger conventional loan they offered. Ashleyhttps://www.blogger.com/profile/10068877078013281199noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-4458309015738038932019-06-18T04:07:25.610-07:002019-06-18T04:07:25.610-07:00Yes, very true.Yes, very true.Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-20884667158111402142019-06-18T01:29:35.861-07:002019-06-18T01:29:35.861-07:00If you want to get a clear understanding of your f...If you want to get a clear understanding of your finances, you need to analyze and learn how to plan your budget on items starting from things as important as housing.editing serviceshttp://smartessayrewriter.com/blog/editing-services-for-student-craft-your-flawless-essaynoreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-57381123152279226342019-06-17T03:48:11.756-07:002019-06-17T03:48:11.756-07:00It's great to have it as an aim, especially hi...It's great to have it as an aim, especially hitting 20%, but I understand bills in some countries can be crazy! I'd be showering at the gym everyday if I had to pay a ton for water and utilities! Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-35889214293740752682019-06-17T01:37:43.396-07:002019-06-17T01:37:43.396-07:00good post and something to aim for. Much easier t...good post and something to aim for. Much easier to do if you are single. With a wife and kids- good luck! :) That said, we manage to do about 20% on rent in Dubai which is not a cheap place to be. factor in utilities, etc it probably is near 30%. Electric/water bills are nuts here. Sand Surferhttps://www.blogger.com/profile/06783727267428673055noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-58466314582639134012019-06-14T02:41:38.403-07:002019-06-14T02:41:38.403-07:00I think the 25% rule was just randomly made up. As...I think the 25% rule was just randomly made up. As for your company housing costs, you might want to check with your tax accountant. Generally you can only write off the home office portion of your housing (1/3 of the total or so) if you are expensing the house or apartment through your company. This is regardless if you give yourself the title of CEO or Sole Proprietor or business owner. <br />Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-30536529395533518202019-06-13T14:26:05.007-07:002019-06-13T14:26:05.007-07:00I once read somewhere that is should be 25%, but r...I once read somewhere that is should be 25%, but really no explanation why. Personally for me I spend around 10%, but it also accounts as a company cost as I am the CEO. This on one hand easier but on the other hand I generally have problem separating company and personal finance :( Thanks for sharing your perspective. PS. Left you some notes in a priv msg you FB profile ;) life2short4cheapwinehttps://www.blogger.com/profile/17911155126124482891noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-33584533116114964592019-06-13T12:32:01.843-07:002019-06-13T12:32:01.843-07:00Smart man! And great insights! Thanks for sharing ...Smart man! And great insights! Thanks for sharing Steven! Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-36516260237617401462019-06-13T10:31:40.950-07:002019-06-13T10:31:40.950-07:00Hey Johnny, loved this post. I won't lie, when...Hey Johnny, loved this post. I won't lie, when I initially saw the numbers, I was like holy cow, $500 on rent in the US, that's insane! But after taking a look at the numbers I realized that's already what I was doing (20%, not 10%); it was a conscious decision, as I did look at some places that were $500 a month (multiple bunk beds per room; I was military so that's no issue for me) and decided I wanted to come home to something nice and comfortable. So instead I opted to pay $1500/m for a really baller luxury apartment with gym and 24 hour doorman in SF's Financial District. But I had two other roommates and I slept in the living room with a divider. That's in stark contrast to the 3 story house I own in Colorado, where my mortgage is less than that. But I rent out half the house so essentially stay for free whenever I'm back in CO. You briefly touched on it, but I think the driving force behind all this animosity is the entitlement mentality; people in the western world believe they're entitled to a certain standard of living and get upset at the notion anyone would suggest otherwise. Everyone is trying to keep up with their friends/family/neighbors/colleagues/social media or whatever so they spend whatever it takes, which is usually almost everything. I removed myself from the keeping up with the joneses mentality long ago which has allowed me to amass a sizable chunk of cash and investments. I would never pay the full SF rent prices, even if I was pulling in a million a year. It's just a waste and can be spent on assets instead.Steven M.https://www.blogger.com/profile/13666500865360121005noreply@blogger.comtag:blogger.com,1999:blog-4194848132778607550.post-83490016659809143342019-06-13T06:00:29.690-07:002019-06-13T06:00:29.690-07:00What are you currently paying for rent and where d...What are you currently paying for rent and where do you live now? What's the 10% of your monthly income?Johnny FDhttps://www.blogger.com/profile/16606448957561483887noreply@blogger.com