PurpleVermont t1_j2cf1t4 wrote on December 31, 2022 at 5:15 AM

Reply to comment by lavacakeislife in Can I afford $2800 rent based on my financial situation by irishgirl249

Very few people can afford their housing for long if they get laid off. It looks like their base is only half of their total income. And they have 4 months' rent in the bank, and could easily keep adding to that emergency fund while renting.

lavacakeislife t1_j2cfznq wrote on December 31, 2022 at 5:23 AM

Not sure how much one could save with over half of the income including commission going to rent. Also the 4 months savings is RENT ONLY essentially. What about food? Utilities? Transportation? Etc. I think half of anyone’s income on rent is crazy especially when that’s counting commission income. But I don’t know the industry so maybe it’s more stable then I think.

PurpleVermont t1_j2cgwee wrote on December 31, 2022 at 5:32 AM

If that 2500 minimum net commissions isn't reliable, then that's more risky. I'm taking OP at their word that it ranges between 2500 and 5K/month in commissions and they can more or less count on at least the minimum.