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post #1 of 39 (permalink) Old 05-07-2006, 03:19 PM Thread Starter
 
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The Economy is doing better, but is our Standard of Living?

I was just thinking about this because the neo-conservatives keep saying how good the economy is doing, but what the hell does that mean to you an me.

Personally over the past 15 years the base salary for a good sales person in telecom is about $60 - $75K, so using that as an example let me start there.

OK let's say with commissions you're makeing $100K just to use round numbers.

Your taxes around 30% so your take home is $70K which equals a budget of $5,833 per month.

So lets go back in time to 1990, and I'm only going to use housing, utilities and gas in this example

Average house maybe $150K = $900 a month
Utilites around $80 a month
Gas $100 a month

Total expenses = $1080 leaving $4,753, which is nice

Now in today's world

Average house hmmmm $350K = $2,100 a month
Utilities around $250 a month
Gas $400 a month

Total expenses = $2,750 leaving $3,083 so we've lost $1,670 bucks.

So the bottom line is this, this supposed great economy can kiss my ass, because as Americans our starndard of living is going to crap in my opinion, and I haven't included increases in food, car prices and other non-standard living expenses.....
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post #2 of 39 (permalink) Old 05-07-2006, 03:29 PM
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i'm sure this is going to turn into 'those' threads, but i can't totally agree.

my military pay has been keeping up with inflation and pay raises in the civilian sector pretty well. of course, i'd love to make more money, but i can't complain.

what i CAN complain about is the price of housing in san diego. yea, just comes with the territory that i got stationed here, but the prices are INSANE. i'm finally at a point where the wife and i want to start looking to buy, we have a 'decent' combined income, and there's NO WAY i can afford a house. i looked at signonsandiego.com classifieds yesterday in north, south and east san diego counties, and there were NO listings for less than $550,000. the lowest listing on craigslist was for a mobile home going for $339,000!!!!!

i'm definitely in the wrong area, and trying to get in at the wrong time. most everyone i talk to that bought homes two years ago for $250,000 are telling me they appraise for half a million now.

definitely need to move away from here...


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post #3 of 39 (permalink) Old 05-07-2006, 03:35 PM Thread Starter
 
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Mark, the problem is that from what I'm seeing, the majority of salaries haven't changed for the past 15 years, other than the guys at the top, and they simply give themselves raises like it's going out of style.

In your case you should get increases, but no matter what you'll always be underpaid. BTW thank you for your service......
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post #4 of 39 (permalink) Old 05-07-2006, 03:46 PM
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Quote:
Originally Posted by firehawk
i'm sure this is going to turn into 'those' ti'm definitely in the wrong area, and trying to get in at the wrong time. most everyone i talk to that bought homes two years ago for $250,000 are telling me they appraise for half a million now.

definitely need to move away from here...
You can buy a new house in Borrego for around $350,000 plus a nice bit of land. I can drive to Del Mar in 1 hour 30min. No fog here, nice roads.


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post #5 of 39 (permalink) Old 05-07-2006, 04:41 PM
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When I graduate and get my masters in a few years, I plan on working overseas in Italy or somewhere, and hopefully by then the Euro will be over twice the worth of the dollar... So I can transfer my funds when I move back and be rich here
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post #6 of 39 (permalink) Old 05-07-2006, 05:16 PM
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Quote:
Originally Posted by r1gladiator
You can buy a new house in Borrego for around $350,000 plus a nice bit of land. I can drive to Del Mar in 1 hour 30min. No fog here, nice roads.
hour and a half? maybe on the R1, but it ALWAYS takes me about two hours in a car.

also, $350,000 to live in the sticks is still completely unreasonable (no offense : ). a two-hour commute time is also out of the question. working 12 hour days, 4 hours of driving, would give me 8 hours at home. not gonna happen.

bottom line, 5 bedroom, 3 bath houses on 5 acres in Dallas, Florida, Colorado and other states are going for mid $250's.

i can't wait to get the *uck out of california.


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post #7 of 39 (permalink) Old 05-07-2006, 05:19 PM
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Quote:
Originally Posted by mkinla
Mark, the problem is that from what I'm seeing, the majority of salaries haven't changed for the past 15 years, other than the guys at the top, and they simply give themselves raises like it's going out of style.

In your case you should get increases, but no matter what you'll always be underpaid. BTW thank you for your service......
salaries may not be changing fast enough, but a housing price increase of 100% in two to three years? no income increase can keep up with that.

somehow, somewhere, somebody decided that housing in kalifornia was gold....and started driving the prices up. they can't keep up at this pace....bet there's gonna be a few REAL unhappy house owners in the next couple of years...


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post #8 of 39 (permalink) Old 05-07-2006, 05:33 PM
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I know my pay(and most of those that work in IT with me) isn't really staying up with inflation


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Knowledge will cure ignorance, but you can't fix stupid
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post #9 of 39 (permalink) Old 05-07-2006, 05:45 PM
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Quote:
Originally Posted by firehawk
bottom line, 5 bedroom, 3 bath houses on 5 acres in Dallas, Florida, Colorado and other states are going for mid $250's.
Better think again Mark before you pack up to move down. You might get 5 acres in the Everglades for 250K, but not anywhere near where I live. $250,000 here might get you a 3 bed/2 bath on a 1/4 acre, if you're lucky. And mind you, Cape Coral-Ft Myers is nowhere near some of the high priced areas of FL. Maybe 8 years ago you could've got a 5 bed on 5 acres here, but those days are long gone. Even a 5 bed/3 bath on a half acre now would run you probably 500k.


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post #10 of 39 (permalink) Old 05-07-2006, 07:52 PM
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yea....everywhere has their 'areas'.

such a bummer.


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post #11 of 39 (permalink) Old 05-07-2006, 08:03 PM
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Quote:
Originally Posted by firehawk
hour and a half? maybe on the R1, but it ALWAYS takes me about two hours in a car.

also, $350,000 to live in the sticks is still completely unreasonable (no offense : ). a two-hour commute time is also out of the question. working 12 hour days, 4 hours of driving, would give me 8 hours at home. not gonna happen.

bottom line, 5 bedroom, 3 bath houses on 5 acres in Dallas, Florida, Colorado and other states are going for mid $250's.

i can't wait to get the *uck out of california.
Use a chopper to get to work, take 15 minutes?

BS to Del Mar fairgrounds/ my best time/ 1 hour 30 minutes

best time BS from Dana Point 1 hour 40 minutes

In my car


Hey I've seen realy big house's for sale on the salton sea for 250,000. Only 20 minutes out of Palm Springs


I like in the sticks : In the summer I have to entire town to myself..Ghost town


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post #12 of 39 (permalink) Old 05-07-2006, 08:05 PM
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How come you guys are not watching FIM superbike from Italy? 2nd race on now/speedtv

over 200mph down the back straight, that's fast, 45mph than I went today


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Last edited by R1Nomad; 05-07-2006 at 08:27 PM.
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post #13 of 39 (permalink) Old 05-07-2006, 08:09 PM
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Mark you're living In the past when things were so much cheaper. The only place you are going to get a big house for 250,000 Is mexico and a lot of yanks are buying down there.
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post #14 of 39 (permalink) Old 05-07-2006, 08:45 PM Thread Starter
 
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Quote:
Originally Posted by r1gladiator
Mark you're living In the past when things were so much cheaper. The only place you are going to get a big house for 250,000 Is mexico and a lot of yanks are buying down there.
Yeah that's a great idea so when that dickhead FOX, which just happened, decides to repatriate the land. Adrian I don't live in the past, I live in the NOW, like anyone would buy a home in Mexico, get serious.

You've known me too long to think I would do something as stupid as that...
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post #15 of 39 (permalink) Old 05-07-2006, 08:49 PM
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Quote:
Originally Posted by mkinla
Yeah that's a great idea so when that dickhead FOX, which just happened, decides to repatriate the land. Adrian I don't live in the past, I live in the NOW, like anyone would buy a home in Mexico, get serious.

You've known me too long to think I would do something as stupid as that...

That was for Mark AKA firehawk lol he thinks 250,000 will get a nice house in the USA : maybe 20 years ago. I think i saw a trailer on the beach for 500,000


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post #16 of 39 (permalink) Old 05-07-2006, 09:35 PM
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Quote:
Originally Posted by firehawk
salaries may not be changing fast enough, but a housing price increase of 100% in two to three years? no income increase can keep up with that.

somehow, somewhere, somebody decided that housing in kalifornia was gold....and started driving the prices up. they can't keep up at this pace....bet there's gonna be a few REAL unhappy house owners in the next couple of years...

It's a very good thing if you bought in 1999 . : :

My house has tripled in value since then.... THREE TIMES.... I can't believe it but it's true......

The good thing is if I ever want to move somewhere cheaper I will be set, butI don't see me moving out of cali anytime soon... So it really does me no good.... although I do have a smaller payment than most...



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post #17 of 39 (permalink) Old 05-08-2006, 03:32 AM
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Quote:
Originally Posted by mkinla
Mark, the problem is that from what I'm seeing, the majority of salaries haven't changed for the past 15 years, other than the guys at the top, and they simply give themselves raises like it's going out of style.

In your case you should get increases, but no matter what you'll always be underpaid. BTW thank you for your service......
this is why I'm going to be one of the guys at the top...


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post #18 of 39 (permalink) Old 05-08-2006, 03:34 AM
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Quote:
Originally Posted by r1gladiator
Mark you're living In the past when things were so much cheaper. The only place you are going to get a big house for 250,000 Is mexico and a lot of yanks are buying down there.
you can get new construction here for that, 4 bdrm 2 car garage in suburbia with all the goodies. you can have Cali


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post #19 of 39 (permalink) Old 05-08-2006, 05:32 AM
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just my .02. i've been in stocks since i graduated high school and been on my own and during the bubble every person who wanted to tell you how to get rich would say "buy stocks" then when EVERYONE was saying buy stocks guess what happened? Now everyone is saying "real estate" and guess what? i turned my cheak...i got a house when stocks were in and i got stocks when housing was in. Always do what the masses DO NOT.

Housing is way too high at the moment and it should correct, but even if it doesn't this growth WILL not continue. when your average person can't afford a house (firehawk or a college grad) something is wrong...it's like the tulip craze long ago...and that's why in stocks they say don't buy during the tulip craze...http://www.stock-market-crash.net/tulip-mania.htm

the economy is very good, but it's US that are making the housing market go nuts and it's mostly the damn babyboomers with all their money...wait till they are done buying vacation homes and what not...


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post #20 of 39 (permalink) Old 05-08-2006, 08:23 AM
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Quote:
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It's a very good thing if you bought in 1999 . : :

My house has tripled in value since then.... THREE TIMES.... I can't believe it but it's true......
that's what i'm saying, though. i don't have any stats to post up, but the price of a house should not triple in price in 5 years, if they expect newbies to keep buying them. incomes have not kept up with the increase. that's great for the people that already own them, but my pay only goes up about 3% every year. i see maybe an extra $100 a year, and that won't offset a $3500 a month payment on a $500,000 house whatsoever. three years ago, i might have paid $1900 a month for the same thing....and that's totally realistic for me.

anyway, people are still buying houses out there, but they're the ones that got in while the getting was good. right now is a REALLY bad time to look for a 'starter' house in san diego.

adrian....mexico....


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