Prune juice too!Maybe they should not spend so much on avocado toast so it’s more stomachable to take the loss.
Prune juice too!Maybe they should not spend so much on avocado toast so it’s more stomachable to take the loss.
Throw in the new tax law that doesn't allow most of us to file a Schedule A and the benefits of home ownership get real cloudy.
I bought under the old tax law. Now I can't file a Schedule A, have ownership costs, and am locked into an area I absolutely hate
I'm a mortgage guy and I've never been more bearish on home ownership
Throw in the new tax law that doesn't allow most of us to file a Schedule A and the benefits of home ownership get real cloudy.
I bought under the old tax law. Now I can't file a Schedule A, have ownership costs, and am locked into an area I absolutely hate
I'm a mortgage guy and I've never been more bearish on home ownership
I look around the DSM Metro and I seriously don't know how people do it. My wife and I both make good money and I can't fathom taking on that kind of debt.
As someone in banking who reviews financials daily... There are lots of people with $400k homes going nearly paycheck to paycheck.
. . . Still love the state, (California) but when you pay 13% state income tax, 10% sales tax, and one of the highest gas taxes in the country, it is not a place one wants to retire in.
I have also looked at Texas, Arizona, Heck even looked to moving back Iowa, but living in a mild climate during November to March for the past 30 years has made me pretty soft
Check out this site if interested in Central-Southern Arizona...I'm flirting with the idea of moving to Tuscon in a few years. I was surprised how cheap it was even compared to Phoenix(which I think is pretty affordable). I'd move to Austin if union wages weren't garbage there.
Check out this site if interested in Central-Southern Arizona...
https://www.cap-az.com/
The Central Arizona Project is key to the area's water supply. Fresh water is the future battleground in the Southwest...more heat...more water use...less fresh water...repeat.
Whiskey is for drinking.
Water is for fighting over.
I look around the DSM Metro and I seriously don't know how people do it. My wife and I both make good money and I can't fathom taking on that kind of debt.
As someone in banking who reviews financials daily... There are lots of people going nearly paycheck to paycheck.
As someone in banking who reviews financials daily... There are lots of people with $400k homes going nearly paycheck to paycheck.
What's a typical one? No savings, no taxable accounts, and no IRAs?
I'm kind of have to trick myself into saving, so I keep my savings account light, but I have a taxable investment account is pretty sizeable. I assume all the doom and gloom articles are looking for ways to spin the data in the worst light possible and we can't possible be that dumb as a county.
Are there really that many white/blue collar workers that aren't contributing to their 401K/IRAs, have nothing saved, and their whole paychecks are gone in two weeks on whatever?
When I was doing mortgages I constantly saw people maxing out their purchase price, the minimum down unless it was a 2nd home and then a 401k they contribute to that has a couple loans against that. A lot of the time I saw people with about 1500 in checking and savings combined but buying a 325k home. Completely stupid but because their debt ratio allows it....they do it.What's a typical one? No savings, no taxable accounts, and no IRAs?
I'm kind of have to trick myself into saving, so I keep my savings account light, but I have a taxable investment account is pretty sizeable. I assume all the doom and gloom articles are looking for ways to spin the data in the worst light possible and we can't possible be that dumb as a county.
Are there really that many white/blue collar workers that aren't contributing to their 401K/IRAs, have nothing saved, and their whole paychecks are gone in two weeks on whatever?
I heard my friend say once: "[Town redacted]: where everybody has money but nobody HAS money."As someone in banking who reviews financials daily... There are lots of people with $400k homes going nearly paycheck to paycheck.
As someone in banking who reviews financials daily... There are lots of people with $400k homes going nearly paycheck to paycheck.
It is not nearly as bad as the click-bait headlines want you to believe...
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...but we are definitely not as thrifty of a society nowadays as we were in generations past.
Can you provide a link to that chart? I’d be curious of how much of that has to do with the rate of inflation not rising as high as inflation/as slowly as pay rates.