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re: The Medium income Amercan Family now earns 1/2 the income needed to buy the avg home.

Posted on 3/13/25 at 5:21 pm to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139071 posts
Posted on 3/13/25 at 5:21 pm to
quote:

You hear that boys
If only ...
quote:

the boys i mean are not refined
e e cummings

the boys i mean are not refined
they go with girls who buck and bite
they do not give a frick for luck
they hump them thirteen times a night

one hangs a hat upon her tit
one carves a cross on her behind
they do not give a shite for wit
the boys i mean are not refined

they come with girls who bite and buck
who cannot read and cannot write
who laugh like they would fall apart
and masturbate with dynamite

the boys i mean are not refined
they cannot chat of that and this
they do not give a fart for art
they kill like you would take a piss

they speak whatever's on their mind
they do whatever's in their pants
the boys i mean are not refined
they shake the mountains when they dance
hopefully you and your generation will yet shake the mountains, scotty.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139071 posts
Posted on 3/13/25 at 5:24 pm to
quote:

The problem is, people are not willing to start at the bottom and work their way up. (#1) My first place was a small cheaply furnished apartment over a garage that I paid $90 a month for ...
---
A dollar is worth a fraction of what it was then.
BUT, "willing to start at the bottom and work their way up" is worth far more now.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139071 posts
Posted on 3/13/25 at 5:26 pm to
quote:

Correct. That's why the men 8 and below lack options.
No need to go there.
Posted by RollTide4547
Member since Dec 2024
4723 posts
Posted on 3/13/25 at 5:27 pm to
quote:

the same paradigm, I'm not shocked.
F off you pompous prick. You think a lot of yourself, I'm shocked.

quote:

Correct. That's why the men 8 and below lack options.

Roughly same number of men as women. Likely less than 10% of men are high 9's. That means each high 9 has 2.5 to 4+ women. Not likely. We're not deer with bucks rounding up the does.

quote:

taking it out on me because it doesn't fit your preconceived worldview/personal experiences
Pot meet kettle.

What's the difference between a lawyer and a catfish?

One is a scum sucking shite eating bottom feeder and the other is a fish.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139071 posts
Posted on 3/13/25 at 6:51 pm to
quote:

If we could just resist financing depreciating assets……like the 25 year old with his first job out of college driving a $80k truck with a $1,300 note.
Slash the flash is a tough ask.
Too many folks buy to impress too often.
Posted by GeauxBurrow312
Member since Nov 2024
6273 posts
Posted on 3/13/25 at 7:12 pm to
Yall are picking out the few people living on credit cards who bust within a couple years, its unbelievable this is now page 30 of this shite


Median household is $80k, take home $65k

Please explain how you would budget (for the needs of 2 people) these line items, with a monthly income of $5400:

Healthcare
Groceries
Rent
Car/Insurance/Gas
Phone/internet
Retirement


Saying "back in my day" is just fricking dumb, yalls day came and passed 40 years ago, its a new day and we have a birthrate crisis because 3/4 of the country cant afford kids
This post was edited on 3/13/25 at 7:13 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139071 posts
Posted on 3/13/25 at 7:38 pm to
quote:

Median household is $80k, take home $65k

Please explain how you would budget (for the needs of 2 people) these line items, with a monthly income of $5400
I know someone who's doing exactly that in a $550K home.
Posted by GeauxBurrow312
Member since Nov 2024
6273 posts
Posted on 3/13/25 at 8:09 pm to
Why cant you answer the question? How would you break down those expenses. Those are not "fun" expenses, and dont even include other basics like clothing.

If they are living in a 550k house, they bought it on a sub 3% rate. Or their parents bought the house for them. Because the monthly on a 550k today would eat up 2/3 of their take home pay if they put $110k down
Posted by Boss
Member since Dec 2007
1797 posts
Posted on 3/13/25 at 8:33 pm to
quote:

Median household is $80k, take home $65k Please explain how you would budget (for the needs of 2 people) these line items, with a monthly income of $5400: Healthcare Groceries Rent Car/Insurance/Gas Phone/internet Retirement


Assume 24 year olds have a kid. Both work and make 80000

80000
Contribute 10% to 401k
Take home pay is 65000


5416
-400 healthcare
-600 groceries
-1800 rent
-400 insurance and gas for car
-180 phone/internet

Leaves you 2000. 1000 for misc

1000 to savings.

Save for 5 years 66k saved

Buy house for 330. The starter house.

All in note is 2550. By then with 4% raises you are at 97k.

Save again for 5 years while you build equity and then buy again. Do that twice more. Then by the time you are 40 you can afford the 800k house.
Posted by Grumpy Nemesis
Member since Feb 2025
2033 posts
Posted on 3/13/25 at 8:40 pm to
Ya know. There's 30 pages of bitching in here and look, I'm not going to claim that none of the complaints have merit.

But for frick's sake. People really DO need a little fricking bit of perspective. The reality is, being "poor" in the US in 2025 still makes you one of the most comfortable people ever to walk the planet.

You can sit around a recriminate how it should be better but hey. It isn't. And, you are NOT the first people to ever encounter challenges.

20 year olds in 1945 all knew multiple friends who'd died in war.20 year olds in 1972 were looking down the barrel of getting drafted and came home to runaway inflation.

Let's not even start talking about being 20 in 1933.

You can be pissed about the cards you were dealt but at some point, ya gotta start playing the cards.

There are 7 Billion people on the planet nd even if you're in the fricking projects, you are among the top 10% of people on the planet!

Sheesh
Posted by djsdawg
Member since Apr 2015
41751 posts
Posted on 3/13/25 at 8:43 pm to
quote:

Damn, I wonder how much someone would have to pay per month to buy my house. Perhaps 2x as much as I pay for a 2011 note?


Mortgage for my house jumps from 1$800 to $3500 based on current prices and rates. That is insane.
Posted by GeauxBurrow312
Member since Nov 2024
6273 posts
Posted on 3/13/25 at 8:53 pm to
If you want to put 10k into 401k, your take home pay is about 55k, not 65k

Your numbers seem fair (for 2 people) with one glaring mistake:
-400 insurance and gas for car

Insurance and gas alone are going to be 400 or higher, is the car free


That leaves $1200 a month, before the car payment, to start saving up for a downpayment (along with clothes, and any life shite that pops up). If you spend $500 on car (which is less than median), you have $700 bucks left


$700 in discretionary income in a dual income household. Strong middle class.
This post was edited on 3/13/25 at 8:59 pm
Posted by RollTide4547
Member since Dec 2024
4723 posts
Posted on 3/13/25 at 8:59 pm to
quote:

GeauxBurrow312
Sounds like you just need to go out in the woods and eat a bullet. Your a victim and can never succeed.
Posted by Boss
Member since Dec 2007
1797 posts
Posted on 3/13/25 at 8:59 pm to
80000
10% in 401k is 7200
FICA is 6120
Fed taxes are 2200. You get a child tax credit of 2500
Depending on where you live state tax is say 1200


So I am off a bit but it’s still close to 65k. About 63k.

If you live in the city do you need a car. If they are 24 I would assume they have had a car since 18 and it’s paid?
Posted by Diamondawg
Mississippi
Member since Oct 2006
38436 posts
Posted on 3/13/25 at 9:00 pm to
quote:

20 year olds in 1972 were looking down the barrel of getting drafted and came home to runaway inflation.
I am thinking the inflation didn't go nuts until the 1974 oil embargo kicked in. 72 would have been toward the end of the Nixon admin and I don't think it was that bad. But, I understand what you are saying. But boy it took off in 74 and hit its zenith under Carter.
Posted by Boss
Member since Dec 2007
1797 posts
Posted on 3/13/25 at 9:01 pm to
They are 24. Not 50. Things should be tight at that age.
Posted by RollTide4547
Member since Dec 2024
4723 posts
Posted on 3/13/25 at 9:01 pm to
quote:

NC_Tigah
Poor poor pitiful you. You're just poor wittle victim.
Posted by GeauxBurrow312
Member since Nov 2024
6273 posts
Posted on 3/13/25 at 9:02 pm to
I dont know how many times I need to repeat this but I am not complaining about my own circumstances at all, I am doing just fine financially


It is insane yall cant realize the state the country is for middle America. I have some empathy for the people who are doing everything right and still cant afford to start a family. This country has a birth crisis and its not possible to fix when people cant afford to have kids.
Posted by GeauxBurrow312
Member since Nov 2024
6273 posts
Posted on 3/13/25 at 9:04 pm to
You are putting an age of 24 on them for no reason. $80k is the median - that is everyone age 18 to 70 who is in the work force. Most households are not a 24 year old married couple. shite, the average age of marriage is 30
This post was edited on 3/13/25 at 9:06 pm
Posted by Boss
Member since Dec 2007
1797 posts
Posted on 3/13/25 at 9:14 pm to
So if the average age of marriage is 30 unless they pissed away a shite ton of they should both have a significant amount saved. When I was single I was saving saving saving. If you put 30 on it then they should have a shirt on saved.

You are also talking random 80k. A teacher in Georgia start at 60k. 9 years in with a bachelors they are at 70k. Dual income would be 140k.


You keep throwing out 80k. If both people are both working and both only making 20 bucks an hour that ain’t middle class bro.
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