Live Abroad, How Cheap is Cheapest Apartment or Room?

A cheap hotel room has nothing to do with reviews, or Internet. Instead it is the knowledge of how much people earn in that Country, how much does the average person earn per month, then divided by 4. we should pay 25% of our money on housing, if we are in $1,000 in a month, we should pay no more than $250. country where everybody's burning $200, we should not be paying more than $50. Therefore, the cost of an apartment should only be depending on how much the locals, now how much and for your gift for the pay, being cheap in the United States has nothing to do with what should be cheap when living abroad. again, only pay 25% of what a local earned in one month's work. If a local earns $300 a month 25% of that is $75. Earnings per month / 4 = Target price for rent.


Live Abroad, How Cheap is Cheapest Apartment or Room?


You got it Andy...I have lived by the 25% rule my whole life...40 years as a Realtor in Toronto and I would not sell a house to any buyer if it was going to run him/her/them more than that...lost a few that way but the ones I sold always came back to me when they needed a Realtor again!

or Join to leave a comment

Hobo Members save 1000's of dollars by joining HoboTraveler and asking pro travelers questions on the Hobo Talk Wall.