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Started By
Message
re: How can the average person afford to live?
Posted on 9/4/23 at 10:34 pm to Major Dutch Schaefer
Posted on 9/4/23 at 10:34 pm to Major Dutch Schaefer
All these averages seem a tad high, at least for my area- North Bossier
My son is getting married next month. He is a plumber and she is a dental hygienist. They easily make $125-&130k year and potentially more depending on how much OT or side work he does.
Right now looking at a $250k house. Note will be about $2000.
He just paid off his F150 last month and last week bought her a new ‘23 Explorer. Note is $625
She does have student loans.
I believe he told me they were about $250 month.
Neither have any credit card debt.
I have sat down with both of them and looked at their total income and subtracted out known and anticipated bills once they are married. They will actually be just fine. Even be able to put some in savings each month.
It’s all about living within your means. You can make $500k a year and still be broke. Or you can make $80k and be comfortable. Just have to live within your means regardless of income level.
My son is getting married next month. He is a plumber and she is a dental hygienist. They easily make $125-&130k year and potentially more depending on how much OT or side work he does.
Right now looking at a $250k house. Note will be about $2000.
He just paid off his F150 last month and last week bought her a new ‘23 Explorer. Note is $625
She does have student loans.
I believe he told me they were about $250 month.
Neither have any credit card debt.
I have sat down with both of them and looked at their total income and subtracted out known and anticipated bills once they are married. They will actually be just fine. Even be able to put some in savings each month.
It’s all about living within your means. You can make $500k a year and still be broke. Or you can make $80k and be comfortable. Just have to live within your means regardless of income level.
3
Posted on 9/4/23 at 10:34 pm to PaperTiger
My two wives, who both work, and I don't have any problems living a nice life.
Posted on 9/5/23 at 4:45 am to Kingshakabooboo
quote:
Right now looking at a $250k house. Note will be about $2000
I paid 825k in 2016, borrowed 575k and have 2.75% rate. Mortgage without taxes and insurance is 2300/mo. On top of that value now exceeds 2M.
In 7 short years, this is how much less purchasing power your son has. Slippery slope this out to your grandkids. They will only own what you can leave them on this trajectory. They are purposefully destroying upward mobility throughout western civilization. It’s disgusting.
Posted on 9/5/23 at 5:06 am to Stonehog
quote:
It’s called the electoral college and I live in Arkansas.
There's a Publix within 2 miles of my house.
That statement goes about as far toward explaining the question as yours did.
So what if you knew Trump would get the electoral votes? You were still making a statement against him by not voting for him. Otherwise, why did you do it?
You want us to believe that you wanted him to win, but you weren't willing to contribute toward him winning? I think that's bullshite, but if it's true, that's more chickenshit than deciding that it would be better for the country if Biden won and voting accordingly. I would view that action as misguided and wrong, but not chickenshit. And I believe that being chickenshit was the original charge against you here, wasn't it?
This post was edited on 9/5/23 at 5:07 am
Posted on 9/5/23 at 6:36 am to Major Dutch Schaefer
Thanks ‘middle class Joe’
Serious, that’s what he’s calling himself now….
Serious, that’s what he’s calling himself now….
Posted on 9/5/23 at 6:49 am to Townedrunkard
quote:
middle class
aka the passenger pigeon of humanity. Will be interesting to see how history books describe this now extinct subset of people.
Posted on 9/5/23 at 7:31 am to Kingshakabooboo
quote:Exactly, and your observation perfectly sums up inherent fallacy in the OP question.
It’s all about living within your means. You can make $500k a year and still be broke. Or you can make $80k and be comfortable. Just have to live within your means regardless of income level.
In response to Kobeissi, and some of the posts in this thread, I'm tempted to post pics of our first place to show how we "afforded to live." I'll guarantee it would fall outside the range of what whiners here would consider acceptable, or livable. But we lived that way then, in part so we can live as we do now.
Posted on 9/5/23 at 7:38 am to ItNeverRains
quote:That is some incredible price escalation. Congrats! But I hope you're not insinuating it is the norm in real estate inflation.
I paid 825k in 2016, borrowed 575k and have 2.75% rate. Mortgage without taxes and insurance is 2300/mo. On top of that value now exceeds 2M.
Posted on 9/5/23 at 7:41 am to Major Dutch Schaefer
The driver being the “feel your pain” crowd is the real comedy in all of this.
Those who suffer the most are those who VOTED FOR THIS in the first place, but too politically ignorant to recognize it, and so they are their own worst enemy.
Those who suffer the most are those who VOTED FOR THIS in the first place, but too politically ignorant to recognize it, and so they are their own worst enemy.
Posted on 9/5/23 at 7:43 am to NC_Tigah
I didn’t read this whole thread but want to point out that everything in the OP has a demand side of the equation, including student loans.
There seems to be no shortage in demand for F-whatevers, McMansions in a squeaky clean suburb, and vacations. Airlines and hotels are raking this year.
There seems to be no shortage in demand for F-whatevers, McMansions in a squeaky clean suburb, and vacations. Airlines and hotels are raking this year.
Posted on 9/5/23 at 8:00 am to NC_Tigah
quote:
That is some incredible price escalation. Congrats! But I hope you're not insinuating it is the norm in real estate inflation.
Maybe not to my degree, but it’s astronomically up almost everywhere since 2016. That combined with interest rates is devastating to young people.
I’d prefer less appreciation and lower rates, I’d make more income YoY if it were
Posted on 9/5/23 at 8:29 am to ItNeverRains
quote:In part because real estate appreciation underperformed for a couple of decades.
Maybe not to my degree, but it’s astronomically up
--------
During the period 2016 to 2023, Median Sales Price of Houses escalated from $306K to $416K.
During the same timeframe the S&P rose from 2000 to 4500.
Posted on 9/5/23 at 8:32 am to Major Dutch Schaefer
We see these cost of living stats yet we want to keep electing 80 year old multi-millionaires/billionaires that haven’t had to pump their own gas in decades (or ever) nor could they tell you what the price that a gallon of milk costs.
Posted on 9/5/23 at 8:44 am to Kingshakabooboo
quote:
All these averages seem a tad high, at least for my area- North Bossier
Still one of those places you can live relatively inexpensively and not have a lot of dysfunction.
Posted on 9/5/23 at 8:46 am to Major Dutch Schaefer
I make right at 6 figures a year, My wife is a stay at home mother, we have 6 kids. The oldest of my 6 just started college. We have zero credit card debt, haven't had a vehicle payment in 5 years, and paid off student loans several years ago. we don't eat out, we don't take expensive vacations, my mortgage is 1400 a month, I have a small farm on my 5 acres and produce all of the eggs and meat that my family eats, and we also grow a garden every spring.
It can be done if you are willing to not live how society claims you have to.
It can be done if you are willing to not live how society claims you have to.
Posted on 9/5/23 at 8:50 am to NC_Tigah
quote:
During the period 2016 to 2023, Median Sales Price of Houses escalated from $306K to $416K. During the same timeframe the S&P rose from 2000 to 4500.
Since 1971 home values were 1.5-2% YoY. So they have always “underperformed” using this logic.
Posted on 9/5/23 at 8:54 am to mtb010
quote:
It can be done if you are willing to not live how society claims you have to.
Correct. It requires tradeoffs, like any economic matter.
The basic bitch american is consumerist to the core and have lost their innate sense of how anything works, outside of finance.
Men are worse materialistic dweebs than women today
Its a nation of incapable people who only know to buy their way out of trouble, they have no fricking clue how to find their own way.
This post was edited on 9/5/23 at 8:55 am
Posted on 9/5/23 at 9:12 am to Major Dutch Schaefer
Come on Man, Bidenomics!
Whispering, "You know you are better off than when Trump was in office."
Whispering, "You know you are better off than when Trump was in office."
Posted on 9/5/23 at 9:18 am to RogerTheShrubber
Everyone can give themselves a big raise by making a few lifestyle tweaks for things that are mostly substitutable or won’t be missed much.
I disagree with some of Dave Ramsey’s advice but a lot of it is spot on.
I disagree with some of Dave Ramsey’s advice but a lot of it is spot on.
Posted on 9/5/23 at 9:34 am to ItNeverRains
quote:
Since 1971 home values were 1.5-2% YoY
5.5%
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