Re: Proportion of income on rent/mortgage - and which would you choose
Haven't worked out the proportion of income, but our mortgage decision was made based on being able to service the loan on one income. Initially this was when I was a SAHM but we have since had other circumstances when I was forcibly without income, so as it happens our earlier decision-making paid off (so to speak).
TBH 50% sounds high. Does your next move involve moving a long way, or is it just different places within the one city? I'm asking because you need to factor in the potential for increasing income. Eg, if location 1 comes with more opportunities for promotion & pay rises, then maybe that's worth paying more to live than location 2. On the other hand, if location 2 is generally much cheaper to live (fresh food, electricity, transport, etc) then maybe that's the better whole-lifestyle decision to make, kwim?
As for commuting - this is a tricky one. To get the cheaper house in a pleasant suburb, we live further out. Benefits: clean air, sound of birds tweeting, larger house on nicer street than same amount of $$$ would get elsewhere. Downsides: 45-60 min commute (each way). Public transport vs high carparking costs. It's a minimum 30+ minute drive to get to pretty much any event. However, we are much closer to dH's work, so I wear the long commute & compensate by working a shorter week (and therefore am paid less $$$). On the balance, it works for us, but you might feel differently depending on the specifics of your situation & the locations you are looking at.
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