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Jan 15, 2022
8:22
:51
am
ReyOso
Intervention Needed
A car is a necessity. The median house in Utah is over 500,000 right now.
And you've got to save a significant chunk just for the down payment.
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ReyOso
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ReyOso
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Messages
Author
Time
This week I learned of 3 employees at my organization that work second jobs to
rivercitycoug
1/15/22 7:35am
I assume they have families.
Mister P
1/15/22 7:36am
Yes.
rivercitycoug
1/15/22 7:36am
Sounds like a spending issue as much as anyrhing
Turnpike Lane
1/15/22 7:37am
Or an alimony/child support problem
HingleMcCringleberry
1/15/22 7:41am
Or medical bills. We have no idea.
garyfan
1/15/22 7:41am
Harsh to say, but probably largely true. Make some lifestyle adjustments and the
shoganai
1/15/22 7:41am
Does that spending include housing? Student loan payments? Children?
ReyOso
1/15/22 8:12am
How much house? How much on cars? Trips and hobbies?
Turnpike Lane
1/15/22 8:21am
A car is a necessity. The median house in Utah is over 500,000 right now.
ReyOso
1/15/22 8:22am
It’s $425k. And again, which car? A civic commuter or that brand new car?
Turnpike Lane
1/15/22 8:25am
In June 2021, the median price for a single Fam home in SL County was $550k and
rivercitycoug
1/15/22 8:39am
So he just now bought a house?
NorCal_Coug
1/15/22 8:45am
Some people have 2 40-50k cars and think it's normal
ochobeeguy
1/15/22 10:17am
How many 40" tvs?
cracka
1/15/22 8:32am
They may not still live with their parents.
Future_Tacos
1/15/22 8:21am
I had a second job when I was younger. It stinks, but you gotta do what you gotta do.
John Doe
1/15/22 7:37am
$70k doesn't pay the bills? Do they live in Southern California?
The Dark Knight
1/15/22 7:42am
Even in SoCal 70k is doable with a modest number of lifestyle sacrifices.
shoganai
1/15/22 7:44am
Yes. Like living in Commerce or San Bernadino.
byubyu
1/15/22 7:45am
The median family income in LA County was less than $50k last I checked.
shoganai
1/15/22 8:02am
Hello, just swooping in to say $70k in LA with a family is horrible
runitup590
1/15/22 8:25am
^^^this
643
1/15/22 8:32am
And the median home/apt/shack is a poop hole.
byubyu
1/15/22 8:39am
Depends on how much of a commute you'll tolerate.
shoganai
1/15/22 8:47am
Like I said, San Bernardino.
byubyu
1/15/22 8:51am
Is there something wrong with that?
shoganai
1/15/22 9:01am
If you work in LA? Yes, absolutely there’s something wrong with that
runitup590
1/15/22 9:05am
Like i said, every place has its trade-offs.
shoganai
1/15/22 9:14am
*Alert for CBers looking to simplify your financial life for your family:
runitup590
1/15/22 9:55am
You realize how incredibly arrogant that comes off as, right?
shoganai
1/15/22 10:01am
I think you can be blamed for choices within your power
EQD2
1/15/22 10:33am
I’m saying this as someone with experience, so call it arrogant if you want
runitup590
1/15/22 11:05am
You're not the only one on this thread with first-hand experience in SoCal.
shoganai
1/15/22 12:56pm
RE: *Alert for CBers looking to simplify your financial life for your family:
Mr. Rumsfield
1/15/22 1:46pm
Those are more than trade-offs at this point
Mr. Rumsfield
1/15/22 11:31am
That's why I brought up Southern Cal.
The Dark Knight
1/15/22 9:50am
What’s the best way to offload 4 kids? That would really help. Asking for friend
WDaddy
1/15/22 7:50am
And that friend is me
Odysseus
1/15/22 7:57am
I live in so cal and this is absolutely not true
1manwolfpack
1/15/22 11:31am
CB, where everyone makes 150k+, but also 70k is enough
I'mnotacber
1/15/22 8:16am
I'll be the first to admit I make less than $70K
The Dark Knight
1/15/22 11:42am
I'll be first to admit my wife makes over a $150K;-)
CariocaCoug
1/16/22 9:12am
The federal Low income level for a family of 5 in LA county is 102K. If you pay
Jay Kay
1/15/22 10:10am
RE: $70k doesn't pay the bills? Do they live in Southern California?
Socrates Johnson
1/16/22 3:37pm
That doesn't seem like a bad thing. If you want more money, then add another income stream
Odysseus
1/15/22 7:43am
That sucks. But I admire their drive and determination to make ends meet. A lot
WDaddy
1/15/22 7:44am
Not sure why so much judgment here. Maybe they’re trying to pay for their
Memmo
1/15/22 7:54am
No judgement, just clarification. That's not "just paying the bills"
The Dark Knight
1/15/22 8:02am
That's somewhat true. But some folks don't want to live an hour from their work just so they can afford a house.
John Doe
1/15/22 8:07am
That's kind of funny. Doesn't want to live an hour away so works extra job to
Pick-Six Coug
1/15/22 11:49am
I can see both sides of that decision.
John Doe
1/16/22 1:00pm
Sure agreed. But you reading a lot into the OP. Few of us are financial wizards
Memmo
1/15/22 8:09am
I guess it depends on how you define basic necessities.
ReyOso
1/15/22 8:16am
The median home is no longer attainable with a median income.
shoganai
1/15/22 8:28am
Like I said, they are struggling to pay for extras.
The Dark Knight
1/15/22 8:35am
I make about that, the struggle is definitely real
wannnacruise
1/15/22 8:01am
I can’t imagine starting out right now from a homeownership standpoint. At least you’re building equity in the townhome
Odysseus
1/15/22 8:16am
$70k is perhaps $4500/mo take home. If they’re just starting out, and the
valleus
1/15/22 8:07am
And it's highly dependent on location. My rent in SF is $4,300 for a 3 bedroom.
ReyOso
1/15/22 8:19am
Oh yeah. I think they often take a 1hr Bart from Richmond. It’s very hard.
valleus
1/15/22 11:10am
This- 75k is maybe 4500 take home. Rent is likely half of that
1984coug
1/15/22 8:29am
I’m 34, married with two kids. Wife is full time with the kids.
JohnnyC
1/15/22 12:50pm
If it is in Utah, it wouldn't surprise me due to housing costs here.
Fido
1/15/22 8:21am
Medial home price in SLC area is north of $400k and most are well above that.
Fido
1/15/22 8:25am
It’s actually north of $500k now.
RdF3
1/15/22 8:26am
Sadly this is my wife and I right now. No kids yet and we make a little bit more
provoprodigy
1/15/22 8:43am
Yep. Thank the Chinese government and their lax hygiene standards and
BlooCoog
1/15/22 9:10am
Yeah, this post was definitely all about China...
ochobeeguy
1/15/22 10:21am
Covid has had a HUGE impact on housing prices. It's affecting my family. The
BlooCoog
1/15/22 10:27am
Definitely has had an effect on the economy in general and how we approach
Armchaircoug
1/15/22 10:46am
Do you think they are doing the extra hours to just get by... or are they doing it to get ahead/provide a better than
HarlemCoug
1/15/22 10:27am
Currently making 60k. Cars paid off, and not living paycheck to paycheck.
Powerbait DPM
1/15/22 10:35am
Are you going to be a doctor?
stoils
1/15/22 10:42am
Yes, currently in residency. So my income will certainly increase but I’ve
Powerbait DPM
1/15/22 11:43am
When did you buy your home?
RdF3
1/15/22 10:46am
Bought it in may of 2020.
Powerbait DPM
1/15/22 11:43am
I knew a guy making ~80k who drove for Uber Eats. Senior enlisted in the
califcougar
1/16/22 7:15pm
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