10 Comments
 

Los Angeles. Will be 2 bed / 2 bath.

Are you making a similar salary? Trying to decide if this is excessive with wanting to save and ultimately buy my own spot vs me being cheap.

 
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$4500/mo, combined income w/ partner is around $350K. Nets to just under $60K/yr total. For the 350 split, $250 of that is my income and $100 is hers, so we split it around 2/3 usually or so, give or take depending on the month. I'm not juiced about paying a brand new high-trim BMW per year living someplace that I'm not building equity at, but we're planning to buy a house after we get married. It may be a little on the high side, but I think your number is pretty good... is it a 1br?

It's honestly about what you prioritize. We love our building and its amenities, so we chose to splurge a little on rent and save on other things that folks may own. As long as you're not breaking your back in it, I don't see an issue. 

 

OP:

Assuming your bonus is pretty much locked in, I think this is fair. I paid roughly the same when I was making the much. I have always taken the approach of living where I want to live and even over-allocating to my home if I needed to. Ultimately it is up to you, but if the bonus is near guaranteed, I think you’re fine.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
dumbinvestor

I pay 900/month

Is that the camping fee at Venice Beach?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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