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What do you consider a comfortable annual salary?
- Thread starter Eunice
- Start date
Eimeo said:
As the population grows, people of means grow. And there's limited space in that stretch of coastal area. So that space has no problem becoming full of people of means.
But
If you work in my profession it's pretty easy to get a good general idea what your colleagues are making. Lots of them own much nicer homes than I do, drive very nice and nicer cars than I do, go on resort vacations, weekend in Vegas, etc. Many also have tons of student loans to pay off.
Most of them live east...RB, San Marcos, etc. 650 - 850K for a decent 3 bedroom as most have kids.
I imagine many of these people are holding a lot of debt and have huge mortgage payments.
And remember - lenders will approve you for double what you can actually afford.
That said, I'm still curious what a lot of these people in coastal San Diego do for a living, how much their take home is, and how much debt they're holding,
Yeah, coastal San Diego...(I live in San Marcos)...I think you're either very successful at what you do, have owned your home for a long time (a lot in Enc.), or are a transplant from the bay area that sold and can buy anything without blinking an eye...
Don't worry, home values will never decrease, so you'll always be able to refi and never be a default risk, and it's not like people would have a COUNTRYWIDE incentive to walk away from underwater assets costing them interest, so we can use this 2x actually affordable loan as the basis for all kinds of margin gambling. What could go wrong?casa_mugrienta said:
I ran into some Enci boys in Sexico. I asked about some of the other homies and they told me one of them got married and bought a house. I asked if it was in Dallas-Ft. Worth or Phoenix and heard it was in Encinitas. He's a teacher; no idea what the wife does.
Most people I know own homes. I think one of them actually came up with all the money himself - the one in Mar Vista amusingly enough - who now also owns an AirBnB/VRBO or whatever out in Joshua Tree. Basically everyone else had the income to cover a mortgage but put a tap on the Mom & Dad keg to get that down payment right.
I hear the mom and dad thing too.
Having the income to cover a mortgage and being able to afford the mortgage are two different things too.
I don't follow? To me they are the same thing; I don't live where you lived so the extent to which people are "house poor" eg throwing down ~50% of take home on mortgage is not "a thing".casa_mugrienta said:
Is that what you are talking about, drawing a distinction where "cover" = it's not greater than 100% of take home, and "afford" is it's not greater than 100% of take home minus food, transportation, health insurance, property tax, homeowners insurance, etc?
I'm saying if you're living paycheck to paycheck to cover your mortgage + expenses (and a lot of people do that + credit card debt) you are not affording your mortgage.
My interpretation of that statement (which may not be what casamooglimoogs was getting at) is that it’s easy to look at your prospective home price relative to your income and think you can afford it. On paper. But once you factor in the rest of daily life’s expenses, including the unexpected ones and lifestyle induced, it’s easy for people to fall behindSharkbiscuit said:
One thing that’s helped me is using the app Mint. You link your credit card and see exactly how much of what categories your daily spending is going into. It’s pretty eye opening, to say the least, especially when you look at your rolling averages over the course of 6-12 months
Solid copy.casa_mugrienta said:
This is quality work. Solid understanding/explanation and stylization on point.grapedrink said:My interpretation of that statement (which may not be what casamooglimoogs was getting at) is that it’s easy to look at your prospective home price relative to your income and think you can afford it. On paper. But once you factor in the rest of daily life’s expenses, including the unexpected ones and lifestyle induced, it’s easy for people to fall behindSharkbiscuit said:
One thing that’s helped me is using the app Mint. You link your credit card and see exactly how much of what categories your daily spending is going into. It’s pretty eye opening, to say the least, especially when you look at your rolling averages over the course of 6-12 months
Muscles said:
The majority of trades in socal, journeyman status, start in the high $40's per hour, plus the benefits package. So, my hourly wage is about $85-90 per hour. My injuries stem from racing motorcycles and surfing. The work helps keep me in shape and I watch these young guys get fat behind their desk!
Regarding economic cycles. I tell ALL the young guys to start saving money as soon as they can. There is one benefit in California right now, for the trades. SB1. The estimated income from that tax over the next 10 years is 52 billion dollars. Almost all of that is earmarked for highway improvements. I find an economic downturn is unlikely.
That's calmed down a little bit. Still, anything around $900k-$1M is still most likely going to need kitchen and bathroom updates...maybe new windows all around. A year or two ago there were a few $1M gut jobs in my neighborhood (outer richmond/outer sunset). We are lucky that we got into something affordable 6 years ago. It's small, but it's across the street from the beach in an area we really love.Autoprax said:
My gig is the SEC East in November, but here goes:Racer1 said:
If you are putting money down Saturday, I kind of like the under, and I'd take the points with a gun to my head. Note Orlando is technically a neutral site but this will be a Gator crowd hands down.
Vegas has Southern Cal at 7 wins; I like the under. Sparty at 7.5 I kind of like the over.
I'm not saying this as a shot at USC. Stanford, Utah, at Washington, and at Notre Dame are in the first six weeks. Alabama, Georgia, and Clemson are the only locks to go better than 3-3 against that. Picking Urban Meyer to be their next coach has been a meme since Thanksgiving.Kento said:
It just doesn't feel likely that a team who will probably be 2-4 halfway through, whose coach will probably have one foot out the door, and a fanbase with playlists set to early/mid 90s LA Riots rap songs is going to turn around and go 5-1 even writing off Oregon vs a bunch of fellow PAC-12 South teams all trying to get to 6 wins and a bowl game.
If Colorado and Cal (HOW THE ACTUAL FUCK DID USC LOSE TO THEM?) were where Washington and ND are in the schedule, this'd be a 5-1 at worst team starting to buy in, with something to play for.
The North crossover games are brutal for USC this year. If it was Oregon State and Wazzu this would be a dark-horse pick to win the conference on talent alone.
I'm kinda glad I let my season tickets lapse once I had my kids. Total shitshow at SC. Helton gets a bunch of 5-stars and turns them into 2-stars by the time he's done with them. He made Kiffin and his endless WR screens that got 2 yards at best or pick-6 at worst look innovative. That was usually drowned out by Monte Kiffin's defense that gave up 500 yards through the air per game and that was just to the thalidomide QBs.Sharkbiscuit said:
How did USC lose to Cal? Because they stink. I think last year was the first time in decades that both USC and UCLA were bowl-ineligible. My wife and I just laughed at the landfill inferno that was LA football. We would bet on which team would lose worse. It was so bad it drove us to temporary sobriety - what would you even pair with those kind of games? Paint thinner? Even that's too good. The situation is so bad that Steel Reserve is comparatively right on line with a solid Bordeaux.
Urban Meyer? Please. SC is just too navel-gazing (and it shows in their fucking geriatric driving, at least in OC) to even look outside their alumni base. That's how we ended up with Pat Haden and then Lynn Swann as AD. Pete Carroll was a really lucky 3rd choice coach in hindsight.
I bet we end up with Jeff Fisher as coach.