Moving to San Jose...
07-09-2008, 08:45 PM
#51
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This is an interesting thread.
I just have a question.
I purchased my house 8 years ago $600k, the last five houses sold (Last year, nothing moving this year) for, 1.2-1.3m. The people buying these homes drive Civic's and Yaris (or are they Yari?) All the homes 33 total have the same basic sqft.
Their occupations are SQL programmer/ Cop/ Salon owner, I can't imagine any of them making $200k.
So how do they do it?
Don
I just have a question.
I purchased my house 8 years ago $600k, the last five houses sold (Last year, nothing moving this year) for, 1.2-1.3m. The people buying these homes drive Civic's and Yaris (or are they Yari?) All the homes 33 total have the same basic sqft.
Their occupations are SQL programmer/ Cop/ Salon owner, I can't imagine any of them making $200k.
So how do they do it?
Don
07-10-2008, 01:25 PM
#53
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Originally Posted by evie,Jun 30 2008, 08:27 PM
yes, but your argument assumes that the money is being blown away as fast as it is being brought in. if planned properly, 200k is a shit-ton of money and is more than enough to provide for a comfortable lifestyle.
example - single professional making 200k/year, net income of 115k/year - this breaks down to ~9600/month.
meals: on avg, i spend approx $120/month on food and groceries.
utilities breakdown:
phone - company provided (i assume if you are making 200k/year, they are giving you a phone too!)
internet - company provided
electricity - <$30/mo here
cable tv - no cable tv here.
shopping - spoil yourself a little here and there. it's unrealistic to buy a plasma tv and new furniture each month.
so if you average it out - lets say after utilities and other shopping purchases, youre spending about 1k of your net pay each month. that still leaves you with 8600/mo, which is plenty of cash for making investments or buying a home. anyway, if you are single, you would be more likely to buy something like a condo or townhome, which could be rented out and become a source of income in the case that you do get married. condos/townhomes are in the range of 300k-800k; i really dont think there should be any issues making ends meet here.
example - single professional making 200k/year, net income of 115k/year - this breaks down to ~9600/month.
meals: on avg, i spend approx $120/month on food and groceries.
utilities breakdown:
phone - company provided (i assume if you are making 200k/year, they are giving you a phone too!)
internet - company provided
electricity - <$30/mo here
cable tv - no cable tv here.
shopping - spoil yourself a little here and there. it's unrealistic to buy a plasma tv and new furniture each month.
so if you average it out - lets say after utilities and other shopping purchases, youre spending about 1k of your net pay each month. that still leaves you with 8600/mo, which is plenty of cash for making investments or buying a home. anyway, if you are single, you would be more likely to buy something like a condo or townhome, which could be rented out and become a source of income in the case that you do get married. condos/townhomes are in the range of 300k-800k; i really dont think there should be any issues making ends meet here.
1,000,000$ on a 200k income is why we have the current housing crisis
its quite clear from this thread who the naive students/live-at-homers vs realist self-supported professionals are
07-10-2008, 05:02 PM
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Originally Posted by AsianQing,Jul 2 2008, 02:34 PM
Avoid Sunnyvale @ all cost. They got this ghetto Japanese guy driving out a pimped out Benz. Look out for him....haha. j/k
Sup Hiro!
Sup Hiro!
Yeah, watch out for that short asian dude. He is shorter than you think.
Fred
07-10-2008, 05:05 PM
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Originally Posted by Cyberous,Jul 9 2008, 08:45 PM
Their occupations are SQL programmer/ Cop/ Salon owner, I can't imagine any of them making $200k.
So how do they do it?
Don
So how do they do it?
Don
07-10-2008, 07:53 PM
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Originally Posted by Cyberous,Jul 9 2008, 08:45 PM
This is an interesting thread.
I just have a question.
I purchased my house 8 years ago $600k, the last five houses sold (Last year, nothing moving this year) for, 1.2-1.3m. The people buying these homes drive Civic's and Yaris (or are they Yari?) All the homes 33 total have the same basic sqft.
Their occupations are SQL programmer/ Cop/ Salon owner, I can't imagine any of them making $200k.
So how do they do it?
Don
I just have a question.
I purchased my house 8 years ago $600k, the last five houses sold (Last year, nothing moving this year) for, 1.2-1.3m. The people buying these homes drive Civic's and Yaris (or are they Yari?) All the homes 33 total have the same basic sqft.
Their occupations are SQL programmer/ Cop/ Salon owner, I can't imagine any of them making $200k.
So how do they do it?
Don
Cop working tons of overtime
Salon owner of a very popular and large salon with multiple employees
07-10-2008, 07:58 PM
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Originally Posted by K2Rhiro255,Jul 10 2008, 05:05 PM
making a new computer virus or hacking into systems/dirty cop/smuggling Chinese people from China and running different kind of salon.
07-11-2008, 05:10 AM
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Originally Posted by K2Rhiro255,Jul 10 2008, 05:05 PM
making a new computer virus or hacking into systems/dirty cop/smuggling Chinese people from China and running different kind of salon.
Hiro!
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