So what do you make, you were bragging that you have an F150 that cost over $45k.
Depending how this pans out I might switch political parties.....
You make too much money to be a Democrat, but not enough money for the Republican party to give a crap about you. It's sort of a tough position when you realize that neither party is the solution to your current political woes.
wow I actually saw a few people mention that "100k a year isn't really that much money"
Only on ATOT.
lol yeah I can't help but shake my head when people say that.
If I made that much money I'd probably buy a really crappy house for like 50k, fix it all up, convert to apartments and rent it out. Or just flip houses. So much cash to be made there, I'd be laughing.
You guys don't understand what it's like in high cost of living areas. In NY/NJ you could be paying over 10k in property tax on 2000 to 2500sq ft home. There is no such thing a 50k house here. A one bed room co-op apartment is around $100k.
You guys don't understand what it's like in high cost of living areas. In NY/NJ you could be paying over 10k in property tax on 2000 to 2500sq ft home. There is no such thing a 50k house here. A one bed room co-op apartment in the suburbs is around $100k. If you want a condo in a cool young area double or triple that.
Oh yes, a 50k house here would probably fall over if you throw a rock at it, but they do exist. A livable house is 200k and up. You can buy a 150k house, renovate, and move in, but anything below that is iffy. Depends on the city though. Some of the smaller cities with like <10k population you can score really cheap houses.
Taxes, yeah, here they're high too. My 1100sqft house cost's me about 4k-5k in taxes.
But that's all peanuts if you make 100k per year.
You guys don't understand what it's like in high cost of living areas. In NY/NJ you could be paying over 10k in property tax on 2000 to 2500sq ft home. There is no such thing a 50k house here. A one bed room co-op apartment in the suburbs is around $100k. If you want a condo in a cool young area double or triple that.
Making $100k a year, you could EASILY afford a $300k condo. My friend makes $23 an hour and just got a mortgage on a $220k house. He'll have zero problem making his payments. Unless a person's living in one of the 5 most expensive cities in America. If 100k isn't much $$$ to them, I really don't know what to say.
Give me $100k a year with a 3k a month mortgage payment. After paying it I'd still have more $ left over per month than 1 of my roommates makes a month total, before paying any bills.
Making $100k a year, you could EASILY afford a $300k condo. My friend makes $23 an hour and just got a mortgage on a $220k house. He'll have zero problem making his payments. Unless a person's living in one of the 5 most expensive cities in America. If 100k isn't much $$$ to them, I really don't know what to say.
Give me $100k a year with a 3k a month mortgage payment. After paying it I'd still have more $ left over per month than 1 of my roommates makes a month total, before paying any bills.
If you make 100k you actually get closer to 60 or 70k due to taxes, social security, etc .... 4-5k is quite a bit, almost 7% or 8% of take home pay ....
I make 60k and my paycheck is about 1.5k biweekly so that's about 36k per year that I see. I would gladly take 60-70k. I am managing quite well with 36k, I own a 165k house. The bank gave me a limit of 200k originally, but I was making a bit less than 60k at the time. In fact just a bump from 60k to 62k has made a huge difference for me, well with lot of the overtime it's probably higher, but the base is 62k. Basically, any extra money after expenses is gravy. So yeah 100k and I could probably afford another mortgage if I wanted to. Though that's probably not what I'd do with the money, but I'd think about it. House flipping, or rentals can make decent money. Lot of work though.
I make 60k and my paycheck is about 1.5k biweekly so that's about 36k per year that I see.
Do you put 13% into savings and medical?
wow I actually saw a few people mention that "100k a year isn't really that much money"
Only on ATOT.
The main take away here is at 100k you'd still living paycheck to paycheck. Afford based on monthly income is a really bad way of thinking.
Pay yourself first. Money in, money out. Take your cut and pay yourself a grand a month at 100k salary.
Its not a lot if money anymore. Especially after taxes. You're in the get fucked range which was the point if this thread.
Just wait until you hit 150k combined household income, then you really don't get shit!
I wouldn't say you can easily afford a 300k house on 100k but it's doable. 220k on $23/hour is a bad idea unless taxes are really low. 100k is certainly comfortable for a single person, but if you have a family and live in a high cost of living area it basically just par. My original post was directed at people who act like 100k is enough to have a scrooge mcduck swimming pool of money.
In the context of "No tax credits for you bitch", it isn't.