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re: Since when did full size non luxury suv become 80k?

Posted on 2/8/23 at 11:50 am to
Posted by bhtigerfan
Baton Rouge
Member since Sep 2008
33584 posts
Posted on 2/8/23 at 11:50 am to
quote:

Crazy to think I bought my 1st brand new Tahoe off the lot with every bell and whistle at the time and only paid 33K for it... That was 2002...
Same here. Bought the first new body style Tahoe in 2000 for $32k. Was a sweet ride.
Posted by Dawgfanman
Member since Jun 2015
26313 posts
Posted on 2/8/23 at 11:57 am to
quote:

Crazy to think I bought my 1st brand new Tahoe off the lot with every bell and whistle at the time and only paid 33K for it... That was 2002...


So about 55k in todays dollars
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 2/8/23 at 11:57 am to
Dave Ramsey is on line 1.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14582 posts
Posted on 2/8/23 at 12:03 pm to
quote:

Mmm hmmm.... When you can see a person's wealth you know they're absolutely loaded.

Yep. Can’t hide money. Like an above ground pool.
Posted by Oilfieldbiology
Member since Nov 2016
42245 posts
Posted on 2/8/23 at 12:22 pm to
quote:

role. I left the Big 4 for a smaller firm that had more long term growth potential. I do Financial Services Strategy at the Manager/Senior Manager Level. Mrs. H2O is also ex-Big 4


Ok so financial related work.

That’s been my experience is that individuals in this industry do make serious bank.
Posted by YumYum Sauce
Arkansas
Member since Nov 2010
9569 posts
Posted on 2/8/23 at 12:23 pm to
Used Infiniti Qx80 fully loaded is around 40k right now. That will get you a 19 or 20. We found a 19 even more than fully loaded and its a great vehicle for what we paid. Big, safe, strong engine. Mileage sucks but doesn't really matter to us for this type of thing.
Posted by dewster
Chicago
Member since Aug 2006
26608 posts
Posted on 2/8/23 at 12:25 pm to
quote:

I'm probably on the low end for someone in my role. I left the Big 4 for a smaller firm that had more long term growth potential.

I do Financial Services Strategy at the Manager/Senior Manager Level. Mrs. H2O is also ex-Big 4 (where we met) and does Privacy and Compliance work for one of the large cloud operations. Her salary is also lower relative to her peers, though they more than make up for that in stock. So her overall comp. is competitive.


We are in a similar field. I'm on consulting side.
Posted by bee Rye
New orleans
Member since Jan 2006
34571 posts
Posted on 2/8/23 at 12:30 pm to
quote:

So a starter house?
A starter house to me is a house of modest size, that will still be a good investment.

if a starter house for you is buying a shithole in the ghetto than we just may have different views of the world
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7948 posts
Posted on 2/8/23 at 12:32 pm to
quote:

We are in a similar field. I'm on consulting side.

Very nice, are you FS Strategy as well or something else similar?
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16417 posts
Posted on 2/8/23 at 12:33 pm to
quote:

When middle income families starting buying 300k “starter” homes


My starter home back in 2005 was for $92,000 and sold it in 2009 for $126,000. It was a small 3BR/2BA 1200 sq ft hut. It put me on the path of living in the current 2,500 sq ft mansion I have now
This post was edited on 2/8/23 at 12:39 pm
Posted by Oilfieldbiology
Member since Nov 2016
42245 posts
Posted on 2/8/23 at 12:35 pm to
In BR right now, everything I see that’s being advertised as starter neighborhoods is in the $230+ range. And that’s if you want to live way outside BR. Baton Rouge real estate is stupid and I hate it.
Posted by Dawgfanman
Member since Jun 2015
26313 posts
Posted on 2/8/23 at 12:35 pm to
quote:

My starter home back in 2005 was for $92,000 and sold it in 2009 for $126,000


Mine was 1999, 89k. Sold in 2019 for 175k.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7948 posts
Posted on 2/8/23 at 12:36 pm to
quote:

Ok so financial related work.

That’s been my experience is that individuals in this industry do make serious bank.

I'm not crunching numbers or doing any heavy finance related work. It's more corporate strategy for companies in that industry. Think banking, insurance, capital markets, wealth and asset managers, etc.
Posted by Oilfieldbiology
Member since Nov 2016
42245 posts
Posted on 2/8/23 at 12:39 pm to
quote:

Think banking, insurance, capital markets, wealth and asset managers, etc.


I worded my response clumsily for the sake of brevity. I meant that jobs mid level to up in the industries you have listed typically pay very well.

My friends that work(Ed) for consulting and accounting firms dealing with the industries you have listed are compensated very well for their time.
Posted by H2O Tiger
Delta Sky Club
Member since May 2021
7948 posts
Posted on 2/8/23 at 12:43 pm to
Ah, gotcha. Yes we are compensated well but it is a lot of long hours and time away from home. Hence why my location is listed as the Delta SkyClub
Posted by Hopeful Doc
Member since Sep 2010
15388 posts
Posted on 2/8/23 at 12:46 pm to
quote:

I paid 32-33k for a crew cab XLT in 2017. Those are 52k+ now. They can keep them.


I’ve got the same truck. It’s got 120K on the odometer. We now have two little ones, wife is driving a ‘15 CRV. So I’m not actively looking at vehicles, but I am keeping my finger on the pulse of what to get and what they run.


By every stretch of the imagination and every conservative “rule” by the man Ramsey himself, we can afford a pair of essentially any production vehicles. But I’ll be damned the day I spend $80K on a suburban/Yukon XL or $60K on one with 100,000 miles on the odometer.
Posted by concrete_tiger
Member since May 2020
7477 posts
Posted on 2/8/23 at 12:48 pm to
quote:

My starter home back in 2005 was for $92,000 and sold it in 2009 for $126,000


Just for giggles, I searched for homes for sale in a radius around the city we live in (North Fulton Co, GA) . The only home listed for under $400k is for $359k.

3br/2ba - 728 square feet. That's not a misprint.
Almost everyone in this s/d is foreign (my kid has a friend there from school, and it's just a known fact you can't ignore when seeing who lives there).

It isn't an "unsafe" area by any means, but out of all the crime we have in this city, that's where it happens.

Unfortunately, a family needs to pony up over half a million here to be in a decent place, and the median price is a freaking $910k. Average apartment rent is $2100.

If you landed a job here as a young person, you'd realistically be facing a commute. It's wild. My first apartment not too far from here, back in 1999 was about $600/month, and it was new and nice. In 2008, you could buy a decent house for $250k, but now those houses are being bulldozed for McMansions left and right. Our old house is currently leveled.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 2/8/23 at 12:53 pm to
quote:

North Fulton Co, GA


That include Alpharetta? We’ve been up there, and to Roswell (and to Carrollton) for football kicking camps and enjoy the areas around ATL. Getting through ATL makes me want to murder things…but still, once you’re up in Alpharetta it’s very nice.
Posted by MintBerry Crunch
Member since Nov 2010
5960 posts
Posted on 2/8/23 at 12:53 pm to
quote:

Infiniti Qx80


Too small. Ford Expedition Max and Chevy Suburban are the only two options in my future.

Though I'm trying to convince my wife to do a 12 passenger van and put 8 captains seats in it.
Posted by YumYum Sauce
Arkansas
Member since Nov 2010
9569 posts
Posted on 2/8/23 at 1:18 pm to
quote:

Too small. Ford Expedition Max and Chevy Suburban are the only two options in my future.



how many kids?

with 2, its more than enough for us. I could see where 3 or 4 could be a problem.

We just don't need that much cargo space but once a year, at most. So we throw a hitch rack on it that specific time
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