Yesterday, our regional public TV folks (HR) brought this curious thing about rental prices in Hessen (my regional state).
Normally....the rule for personal finances....is that you shouldn't spend more than 30-percent of your paycheck on rent.
Well...in Hessen....around metro areas....that general rule of finance is failing.
Wiesbaden for example....around sixty-percent of city residents admit they pay over 30-percent of their paycheck.
Frankfurt? Almost half of city residents admit this.
Kassel? Around 51-percent pay more than 30-percent.
A lot of this issue revolves around escalating rental prices, which has been a daily topic for well over twenty years.
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