Engrr:

Your 1 month salary cannot give u a decent accomodation that befits your level in most parts of Nigeria, unless you are working in the village

SIRKOL:
.

SIRKOL:
.

ladyF:
1 month salary or at most 10% of your annual income.

You can't earn 100k a month and be paying rent of 250-300k, you have effectively worked one-quarter of the year for your landlord. What about school fees, capital projects, savings, feeding. Wisdom is profitable to direct.

It's [size=15pt]LadyF[/size] again

nabiz:
My houses rent is less than my average monthly income. I think your house rent should not be more than ur one month salary or income

BADNEAT:
u don pay house rent before??

nabiz:
My houses rent is less than my average monthly income. I think your house rent should not be more than ur one month salary or income

BADNEAT:
u don pay house rent before??

Holarmide:
I am married with 2 kids, and my wife's kid brother of 20yrs lives with me and he doesn't work. We live in a 3 bedroom flat estimated at 400 per year. Initially I was making 80k as salary and my wife makes 30k cos she is doing a weekend only job as she schools. Now I stopped work last month cos my office owes me 3 months salary n they refuse to pay. So Tell me, is the rent ok or am suppose to settle for something lesser?

ladyF:

lol say wetin? Abeg leave me, I still dey squat. Free rent, free everything, no bills for me...

ladyF:
1 month salary or at most 10% of your annual income.

You can't earn 100k a month and be paying rent of 250-300k, you have effectively worked one-quarter of the year for your landlord. What about school fees, capital projects, savings, feeding. Wisdom is profitable to direct.

It's [size=15pt]LadyF[/size] again

Obeenah:


There is a benchmark which is 20% of your salary max. Anything above that means you are under what is termed "Housing Stress" in mortgage finance. You can go higher than the benchmark of up to 30% but never exceed that.

So if you earn N100k for instance you should never rent a house above 240k to 300k per annum.

Mind you this is assuming you dey rent house with facilities like running water and good power supply.

Mbkite:
I just feel d 10% is small, especially if u're staying in Lag, Abj or PH.

Holarmide:
I am married with 2 kids, and my wife's kid brother of 20yrs lives with me and he doesn't work. We live in a 3 bedroom flat estimated at 400 per year. Initially I was making 80k as salary and my wife makes 30k cos she is doing a weekend only job as she schools. Now I stopped work last month cos my office owes me 3 months salary n they refuse to pay. So Tell me, is the rent ok or am suppose to settle for something lesser?

ladyF:
1 month salary or at most 10% of your annual income.

You can't earn 100k a month and be paying rent of 250-300k, you have effectively worked one-quarter of the year for your landlord. What about school fees, capital projects, savings, feeding. Wisdom is profitable to direct.

It's [size=15pt]LadyF[/size] again

BADNEAT:
lolz..mi lady enjoy while it lasts...una women no too get wahala,from father's house to boyfriend's house to husband's house..


Btw Wahs d meaning of the F in LadyF?

Ephemmm:


^{Unfortunately, majority of employed graduates living in Lagos has no option than to do this even with less than 100k.}