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#31 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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If I was buying a truck I'd go used, because I don't see the point of paying big money for something that isn't very fun to drive. And even if a used truck breaks down, it's not like a German car that costs an arm and a leg to repair.
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#32 |
Ride Naked.
Join Date: Feb 2008
Location: Flat and Straight ND
Moto: 08 BUELL 1125R, 05 SV650S
Posts: 7,916
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I want to make $81K...
Hell, I'd be happy with 45K! |
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#33 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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#34 |
Ride Naked.
Join Date: Feb 2008
Location: Flat and Straight ND
Moto: 08 BUELL 1125R, 05 SV650S
Posts: 7,916
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ok... in that case i would be happy with $55k
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#35 |
White Trash Hero
Join Date: Mar 2008
Location: NW Arkansas
Moto: Buell 1125R Porco Rosso Edition
Posts: 4,895
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i came across the figure somewhere saying Arkansas median household income was around 38 thou. So probably 2 incomes of minimum wage. No where close to middle class tho...
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#36 |
Moto GP Star
Join Date: Nov 2008
Posts: 11,022
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witht the cars i wonder how often there replaced or upgraded. Are they like me or dave who kinda drivem till they die or are replacing them every 3 yrs. I paid around 26k I think for my accord 10 yrs ago so I def got my moneys worth out of it, as opposed to buying/financing a new vehicle every 4 or 5 yrs.
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#37 |
Let's do another U-turn
Join Date: Feb 2008
Location: Indiana
Moto: 2009 V-Strom
Posts: 3,816
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Hmm, difficult to really tell where I rank, as that is mainly talking about families. I'm way above the "single-parent, 2 kids" mark of 25k, but only have 1 kid. But I don't have a new car (mine's 13 years old with 218k miles), my house is only 1100 sq. foot upstairs, with 800 sq. foot of unfinished basement, I put 11% of my gross income into retirement savings, and 19% of my gross income goes to debt, including mortgage (should be 15%, but I'm paying extra on my mortgage each month). I'd really like to get the debt payment and retirement payment ratios swapped.
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#38 | |
Guys... where *are* we?
Join Date: Nov 2008
Location: South Carolina
Moto: SV650 Interstate, CX500 rat-bobber, whatever else runs.
Posts: 784
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![]() Quote:
![]() And the 18% is just bizarre, since their average $17,600 mortgage payment alone comes out to almost 22% of their median income figure. ![]()
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#39 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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$90K divided by a 5 year loan is $18K/year, and that's not including interest. Even if they were 6-year loans, it's still $15K/year.
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#40 |
667:Neighbor of the Beast
Join Date: Mar 2008
Location: Everett WA
Moto: VTR1000, SV650, FZR400, CRF150
Posts: 1,403
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Most of that doesn't apply to me. But I consider myself upper middle. Very low debt to income ration, no consumer debt, putting away over 20% of our earnings towards retirement. Value of our cars doesn't count - we have several classics worth upwards of $100k each, our "daily drivers" aren't worth $20k total. We're frugal to the last penny.
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