Question of the Day: How much do you spend on rent?

Housing prices are skyrocketing in the Bay Area.

The Mercury News reports that between 70 to 75 percent of homes in Oakland, San Jose and San Francisco are selling above the listing price, according to Redfin.

Financial planners recommend you spend about 30 percent of your gross monthly income, before taxes, on rent.

How much do you spend? 


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