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Old 10-28-2024 | 03:37 PM
  #45  
ShyGuy
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Joined: Dec 2005
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Originally Posted by FangsF15
My response was completely irrespective of pilot anything.

If you are a top 2% earner, in one of, if not the richest countries in the world, complaining that you don’t “make a lot of money”, I submit you need some perspective.

That’s not to say we pilots don’t warrant a raise, nor that historically there have been really some hard times. But in the end, I think you’ve lost touch if you don’t think $240,000 annually “isn’t a lot of money”.

I think you also missed the context around his claims around how long it took him to captain, juxtaposed with his statement about what does not constitute “a lot of money”.

240k in California is definitely not a lot of money.


Originally Posted by CX500T
This has been interesting. Conversations between me and my wife have gone along the lines of:

Her: If you told me back in college (90s) we'd be making what we make ($360-370 this year. 80% ER Captain, live in base, did $467k last year being a GS Ninja) I'd wonder how many motocross tracks we own and how big the mansion is.

Me:
If you told me we'd pay over $1M for a house I'd ask how many motocross tracks are on the property and do I have an indoor arenacross track, and how baller is the pool?

In reality, while we make good money, my dad was able to swing a similar house, on a lot more land the same distance from BOS as I am from LGA as a truck driver.

We (legacy pilots) have good paying jobs. But housing has vastly outpaced wage inflation. That's my single biggest bill.

1979 dad buys a large Victorian in good shape, albeit last updated in the 30s, for $69k. On 40 acres. With a carraige house and barn.

Based off CPI inflation that would be $298k today.

You aren't buying that house for under $1.4M if it still had the acreage. Owners after my parents sold off all but 2 acres. It just sold last year for $988k.

Yup. All of this. Finally bought my CA home for 1.425m last year and it's 3,1xx sq ft and on a 5,500 sq ft lot. When we moved to CA (for the second time) in 2019, I told my wife "no way am I taking a mortgage for a 7 figure home." How times changed in/after the pandemic! I still felt a little uneasy when I bought my home, and I still remember my agent saying don't worry, as long as you don't sell quickly, your home one day will be worth over 2m.


I'm coming up on one year and had a realtor call me saying if I was interested, he could sell my house for 1.650m and do it for a 2% agent fee. No thanks. Our future generations are screwed. Our kids generation will be relying on whatever we can pass onto them (housing, inheritance, $$$). People are not going to be able to afford SFHs based on incomes that are not keeping up.
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