brandonbull
Diamond Member
- May 3, 2005
- 6,338
- 1,215
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waggy
No Lifer
- Dec 14, 2000
- 68,143
- 10
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the title of the article is very mis-leading. its not like she is going to have to get a job to survive. while i feel sorry her and her children i have no sympathy on them about money troubles. if they did not invest and save some of the past income then to bad.
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
I don't live in an ultra exclusive area, but a house built in the 70s that hasn't been renovated in 10 years goes for 500K CAD, and this is a blue collar retirement neighbourhood, but in the past 20 years house values have increased by over %100, combined with high immigration/emigration rates, and lack of urban sprawl thats the going rate these days.
It says in the article that the plan covers all big leaguers. It's reasonable to think that the plan came with him playing in the MLB, and was perhaps unamenable to his interests in flying.
Perhaps he should have gotten another policy that covered flying...but that's another discussion.
Uh-huh. Then you'll have hangar rental costs, fuel costs, maintenance costs, flying lesson costs....
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
Definately not disconnected from reality, recently there was a news broadcast how in my area the houses are $1 million dollar tear downs.
To put this in perspective my parents bought their house there in 1989, for $120,000 dollars. Today our house is worth over 2.5 million dollars.
Yes we built a new house on there, but the property value itself skyrocketed. You won't find a house in my neighborhood for less than 450k.
To find a 250k house in Vancouver you have to drive ATLEAST 45 minutes to an hour outside of downtown.
Vancouver Avg. Home Price tops $500,000
Obviously I'm not saying that someone making $60k a year could own a plane, but you don't exactly have to be bill gates to own one.
Think about it. Most people that have bought a new boat could probably buy that plane once, if not several times over for the cost of that boat.
Clearly the average joe couldn't afford one but if you're a guy making $100k a year if you save up for a decade, a decade and a half, or if you get a plane on lease you could probably do it.
Does anyone know if he even OWNED the plane or if he was leasing it?
It's not like he was riding in a multi million dollar lear jet or something.
Originally posted by: RyanSengara
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
Definately not disconnected from reality, recently there was a news broadcast how in my area the houses are $1 million dollar tear downs.
To put this in perspective my parents bought their house there in 1989, for $120,000 dollars. Today our house is worth over 2.5 million dollars.
Yes we built a new house on there, but the property value itself skyrocketed. You won't find a house in my neighborhood for less than 450k.
To find a 250k house in Vancouver you have to drive ATLEAST 45 minutes to an hour outside of downtown.
Vancouver Avg. Home Price tops $500,000
Yea, I don't doubt that some markets are very high. And how many working, non-proffesional families do you see buying homes there?
In the states at least, there are many markets where $250K will get you into a nice place: http://money.cnn.com/pf/features/lists/hpci_data/index.html
Regardless, a home is still the biggest expense most families have, and damn few will be able to afford another house payment ... or even half of one, for a hobby.
You're still in college, right? What do you realistically expect your starting salary to be? Plug that into a mortgage calculator and see how much house you'll really be able to afford when you're out on your own.
It's not really about the money now is it?
You could have a 1.5 million dollar life insurance policy too, if you wanted to pay that much for it.
You're just saying it because he is making more money than you, why does that make his widow less qualified to have the coverage that her husband paid for?
Originally posted by: Armitage
Originally posted by: RyanSengara
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
Definately not disconnected from reality, recently there was a news broadcast how in my area the houses are $1 million dollar tear downs.
To put this in perspective my parents bought their house there in 1989, for $120,000 dollars. Today our house is worth over 2.5 million dollars.
Yes we built a new house on there, but the property value itself skyrocketed. You won't find a house in my neighborhood for less than 450k.
To find a 250k house in Vancouver you have to drive ATLEAST 45 minutes to an hour outside of downtown.
Vancouver Avg. Home Price tops $500,000
Yea, I don't doubt that some markets are very high. And how many working, non-proffesional families do you see buying homes there?
In the states at least, there are many markets where $250K will get you into a nice place: http://money.cnn.com/pf/features/lists/hpci_data/index.html
Regardless, a home is still the biggest expense most families have, and damn few will be able to afford another house payment ... or even half of one, for a hobby.
You're still in college, right? What do you realistically expect your starting salary to be? Plug that into a mortgage calculator and see how much house you'll really be able to afford when you're out on your own.
Actually I have a pretty good idea of how much I'll be making.
What I'm saying is that it's not exactly the top creme de la creme that can own planes.
Obviously the average working man WON'T be able to.
Keep in mind that my ideas of whats going on is slightly skewed, the disparity between rich and poor in canada is much less, but thats an argument for another time.
rivan
Diamond Member
- Jul 8, 2003
- 9,677
- 3
- 81
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
My brother in law is an amateur pilot. He doesn't own the planes he flies.
CRappy visability and a turn that was difficult beyond the pilot's ablity to fly.
According to the commentary I heard, that particular path they were on, has a tight turn as part of it's course and that an inexperienced pilot might find it difficult even in good visibility conditions.
That "tourist track" they were flying just re-opened to VFR traffic.
So no one has had a chance to fly it, save in simulators since 2001.
Originally posted by: rivan
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
My brother in law is an amateur pilot. He doesn't own the planes he flies.
Exactly, I posed the question of whether the pilot even owned the plane earlier.
Actually it was $187,000, he bought it used.
No, but you have to be able to afford the payments :laugh:
Anubis
No Lifer
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
less then 200k got this house
http://rootminus1.com/photo/displayimage.php?album=12&pos=1
nearly 4000 SQFT totally gutted and redone in 97
Originally posted by: RyanSengara
Originally posted by: rivan
Originally posted by: Armitage
Originally posted by: tfinch2
250k buys a sh!tty house?
Don't you still live at home with the mom you hate?
Yep - somebodies a little disconnected from reality. In much of the country $250 buys you a pretty damn nice house and paying for it is the single biggest expense a family has - and stretched out over 30 years at that.
It's a very small portion of the population that could afford another $250K for a hobby.
My brother in law is an amateur pilot. He doesn't own the planes he flies.
Exactly, I posed the question of whether the pilot even owned the plane earlier.
The argument isn't over whether he owned it or not. The argument is regarding your characterization of a $250K plane as inexpensive and "the price of a sh!tty house".
Most private pilots don't own their own planes - they are owned in a partnership or rented on an hourly basis. And most of them are considerably cheaper to own then $250K The Cessnas, Beech Bonanzas and Pipers you typically see as general avaiation aircraft generally go for $70 to $100K
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