Hey apparently I got a raise.

[jadinolf]

Originally posted by: Platypus
Damn how do you live in CA with a salary like that?

You can do it---just live down by the river in a van and don't eat.

 

[slsmnaz]

Originally posted by: bennylong

Originally posted by: slsmnaz

Originally posted by: bennylong

Originally posted by: slsmnaz

Originally posted by: dquan97

Originally posted by: Demon-Xanth

Originally posted by: compuwiz1

Originally posted by: mrchan

Originally posted by: Demon-Xanth
<-- makes about the same as notfred and lives in the same area.

I'm looking at getting into a town house, it won't be good and it'll be pushing it. But prices have been slowly falling.

There will be a new 1500 sq ft house @ about $300k in the W. Sac area soon. PM if interested.

Will 37,625 per year buy that?

If you devote 100% of your take home pay, that's about right. (literally)

$37K/yr doesn't buy much in Sac. Even at $50K, I have a tough time affording my $225K mortgage.

Then your budgeting skills are bad. $50k on that should be plenty, even cosidering a car payment too.

You do realize that $50k is considered very low income in San Francisco and qualify you for Section 8 housing(low income government housing assistance)?

Read the post I was quoting. I'll wait...

A $225k mortgage on $50k a year should be very reasonable. Rough estimate is $1300 payment from over $3k takehome pay. If you can't do that then your budgeting skills are bad. I stand by my statement.

Aahahaha. That's too funny. It would work if you don't have a car and never eat out and never pay property taxes.

And a $225k mortage at today's mortage rate is over $1,450.00, we're not even talking about property taxes.

Principal Loan Balance: $225,000.00
Annual Interest Rate: 6.75%
Amortization Length: 30 years
Calculate Again
Summary of Payments and Interest

Monthly Payment: $1,459.35

It was off the top of my head and I missed by $150 not bad. Since he already has the loan I would assume he locked it in when the rates were lower (screwed if it's an ARM) So throwing in a car and taxes that should leave about $1000/mo. I could enjoy myself on that. Is having fun dependant on $$ in your little world?

 

[FoBoT]

more is better

 

[Fritzo]

I got a raise too!

They gave me two phone books to sit on

 

[her209]

I can't even make by with almost twice that.