<prompt> Human: My husband and I are nearing the end of our lease and have decided that buying a home is another year away at least so weve decided to continue renting. The point of contention is whether to stay where we are or move. So I wanted to ask the opinion of this sub if you think the rent is too high given the area. Here are the details: Location: Rochester, NY Average home cost: 101,000 Current rent: 1005 electric averages 100 per month for a two bedroom 1.75 bath that is about 750 square feet with a bonus finished attic space. Projected rent: 1550 heat and electric average budget cost would be 150 for a 3 bedroom 1.5 bath house over 1600 square feet. We would also have to pay security up front and pay for movers adding on an additional 2000. Total household income: 6800 per monthIn terms of other factors, both are conveniently located to jobs, are in good neighborhoods, and close to grocery stores and shops. However, one is a 2nd floor apartment and the other is a whole house. The desire to have my own space is super tempting, but my husband thinks that its too much money to spend on rent given the housing market around here. I think that the hidden costs of owning a home will maybe not rival that rent, but it will be close so Im pushing towards going for it We were looking at purchasing a home for around 100-115k. What does everyone here think? Thank you in advance!  <response>: Affordable housing in general is defined as spending no more than 30 of your net take home pay on rent or mortgage PITI. Of course, there are areas in the US where this is hard to follow: SFBay Area, Los Angeles, New York City, etc. 