Does anyone here spend half their income on rent?
Long story short: Broke up with live-in girlfriend. We split a 1-bed, but she doesn't want to stay there. For Hoboken, it's a steal, so I want to keep it. Only problem is I'd be spending exactly half of my take-home income on rent with heat/hw. I have to pay electric, cable etc myself.
I'm pretty sure this is more common in the NY-Metro area than elsewhere. So does anyone fork over this much of their income on rent? Bad idea?
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