Hi all, Due to a break up I am toying with the idea of either renting or buying? Normally it would be a straight no brainer but house prices are so expensive around here that I would right on my limit if I bought a house. The simple maths of "3 times my income" would leave me right at the bottom of the housing quality here. Ironically the census tells me I earn above the average for the area?! No idea what's going on? Anyway I could get a better quality house if I rented but have no idea what percentage of your monthly income you should budget for? Most grateful for any pointers?
Sam