Is it possible you underestimate the average incomes? Or timing of buying those $300k homes?

Jul 18, 2021
8:18:05pm

Tokolosh Truly Addicted User

Unless they are new you might have plenty who paid far less and have several years paid down. I also think there are more people than we realize who choose to leave room in their home budget.

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Tokolosh

Bio page: Tokolosh
Joined: Jun 9, 2004
Last login: May 3, 2024
Total posts: 60,481 (5,643 FO)

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Messages

Author

Time

How do people afford a half ton pickup at $50k?

Revolution

7/18/21 7:40pm

Following

Choke

7/18/21 7:40pm

Debt. It’s amazing how much banks are willing to loan you Especially if you own

JohnnyC

7/18/21 7:41pm

7 year car loans these days

WDaddy

7/18/21 7:47pm

I've never gone into debt for a vehicle. It's all about financial discipline

Cougar Junkie

7/18/21 8:38pm

The most common car I see on the road is a 55-60k Ford F-150 XLT.

Adwight

7/18/21 7:41pm

Unless they've significantly jumped in the last year, actual sales price of most

Corn Pop

7/18/21 8:16pm

Stimulus cash

WDaddy

7/18/21 7:46pm

Some people got a 50k stimulus check?

WJCougar

7/18/21 7:50pm

No, they McQuained it.

WDaddy

7/18/21 7:50pm

What’s the back story on McQuain as a verb? What did he post to eat that?

Walt Longmire

7/18/21 8:14pm

Right now I can buy a Ford raptor with my child tax credit money and not bat an

Adwight

7/18/21 8:00pm

People make a lot of money

YIsForBrigham

7/18/21 7:50pm

If you bring in 20k/month is it really that bad?

Belboz

7/18/21 8:23pm

Right. Sure, a lot of people are in debt for their cars. But also a lot of people make a lot of money and can easily

YIsForBrigham

7/18/21 8:53pm

Isn’t the average income still like $35K?

Revolution

7/18/21 9:19pm

Kind of crazy that pickup trucks outsell passenger cars now.

YIsForBrigham

7/18/21 9:27pm

Yes, but think of the piece of the world you live in. Are you crossing paths with

Tokolosh

7/18/21 9:55pm

$35k/per year including people like teenagers? maybe.

Belboz

7/19/21 9:31am

This. 100% this.

Bad Plus Fan

7/18/21 9:25pm

$20k/month is still top 10% of households in 38 states including Utah

DiamondMo

7/18/21 9:52pm

and I bet a lot of them have expensive cars.

Belboz

7/19/21 9:33am

Unless they're in Utah. Then they fake it.

Lip Gallagher

7/18/21 8:59pm

Buy used (except not this year!).

diluigifan

7/18/21 7:50pm

Was just thinking the same thing. Went on a walk through the neighborhood.

boorad

7/18/21 8:03pm

And why park that $50k truck outside and not in the garage?

Ojiisan

7/18/21 8:10pm

Then no one would see it.

pinolero

7/18/21 8:12pm

Is it possible you underestimate the average incomes? Or timing of buying those $300k homes?

Tokolosh

7/18/21 8:18pm

I've been in my current house for 14 years.

Belboz

7/18/21 8:26pm

It’s possible but I also personally know many of the people who live there

boorad

7/18/21 9:22pm

not everyone sinks all their money into a house.

Belboz

7/19/21 9:36am

They can be a pretty sexy write off

JollyGreenGiant

7/18/21 8:10pm

RE: They can be a pretty sexy write off

fattycoug

7/18/21 9:50pm

Guy in front of me at Costco put $97 into his yesterday. I wonder everyday

DiamondMo

7/18/21 8:24pm

An amazing number of people have leas than 1% of their income in savings…

kotacoug

7/18/21 8:34pm

Lease, work write off, 6-7 year financing, etc

byu1

7/18/21 8:40pm

I see Raptors everywhere. It’s insane

byu1

7/18/21 8:41pm

RE: I see Raptors everywhere. It’s insane

BIG XII Coug

7/18/21 9:00pm

Wannabes

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