It doesn’t mean many people couldn’t have a second home

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Mar 28, 2024
8:25:31pm

Archaea Intervention Needed

It doesn’t mean many people couldn’t have a second home

This message has been modified

Originally posted on Mar 28, 2024 at 8:25:31pm

Message modified by Archaea on Mar 28, 2024 at 8:42:40pm

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Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: May 9, 2024
Total posts: 94,001 (3,103 FO)

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Messages

Author

Time

POLL: What is the minimum level of annual income you and your family need to pay for necessities, reasonable wants and luxuries?

Archaea

Mar 28, 1:16pm

less than 100K...

runnincoug

Mar 28, 1:17pm

did you see the part about having a summer cabin?

rcbyufan

Mar 28, 1:28pm

Ha! That joke flew over my head!

runnincoug

Mar 28, 1:37pm

I wasn't joking. Many people in Vegas have condos at Brianhead.

Archaea

Mar 28, 1:46pm

I said $250k. I have expensive hobbies

boorad

Mar 28, 1:23pm

I said $250K. I want expensive hobbies

byujag

Mar 28, 1:26pm

Like donating to BYU NIL collectives!

Archaea

Mar 28, 1:28pm

Yet you don't want to pay for an OLED? TNT is contused

TNT

Mar 28, 1:59pm

You can't buy a home in Utah unless you are making over at least 150K a year.

Mar 28, 1:27pm

Yeah I put $200k and I dont care to live lavishly but I dont own a home yet

rad dawg

Mar 28, 1:29pm

I can assure you Oregon has state income tax

Born2Fish

Mar 29, 5:38pm

Probably thinking of the guys in Vancouver that live in Washington but usually

Kajdin

Mar 29, 6:11pm

Been there done that, Oregon gets their money

Born2Fish

Mar 30, 1:30pm

Couldn’t remember if it was WA or OR that didn’t have income tax.

Mar 30, 1:27pm

It's Washington

Born2Fish

Mar 30, 1:31pm

Before or after taxes and tithing?

Japan Coug

Mar 28, 1:34pm

Tithing really doesn’t apply since it reflects a fluctuating amount at 10%

SouthernBlueBlood

Mar 28, 1:39pm

Huh? That's basically how taxes work too. Regardless, my question stands, right?

Japan Coug

Mar 28, 1:43pm

Before taxes. That's why my selection is higher than most others.

Archaea

Mar 28, 2:04pm

One of my favorite things to do is buy crypto, so there is no number

EQD2

Mar 28, 1:36pm

^ You are asking income per month, right?

provofan

Mar 28, 1:42pm

Reading fail. "Annual income".

Archaea

Mar 28, 1:45pm

We have a very modest group, so kudos to everyone.

Archaea

Mar 28, 1:44pm

You do realize the average family does not have a 2nd residence.

Mar 28, 4:22pm

Modest is a perspective:

Archaea

Mar 28, 4:27pm

I agree with Blue for Life ... that is not "modest" living ...that's upper crust

runnincoug

Mar 28, 5:21pm

It's modest in our wards.

Archaea

Mar 28, 5:27pm

if that is typical in your ward, your ward is far from typical

runnincoug

Mar 28, 5:35pm

Owning a home in Vegas and a condo in Brian head if bought pre 2020 isn't crazy

rad dawg

Mar 28, 5:40pm

I should add some context as well

rad dawg

Mar 28, 5:48pm

The big key is when you bought or are trying to buy these. If you already have

Mar 28, 6:10pm

Correct. I am speaking of people who bought them in

Archaea

Mar 28, 8:22pm

Still... only 5% of Americans have a second home so it puts these people in the

runnincoug

Mar 28, 6:41pm

It doesn’t mean many people couldn’t have a second home

Archaea

Mar 28, 8:25pm

I've never claimed that... I've just said it's atypical and backed with data

runnincoug

Mar 28, 9:15pm

200k. Gives me about 60k a year after taxes to play with. Would be perfect.

Adwight

Mar 28, 1:44pm

Pre-covid $100k easily. Now $150k minimum

Kajdin

Mar 28, 2:07pm

Me as a single person? Maybe $80K. Me and my wife? $200+

Mar 28, 2:34pm

A single guy not looking to date?

Archaea

Mar 28, 2:49pm

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