Just my $0.02 worth, but since he is now holding MEM 757 CA, he/she would only be able to bid into a seat where there is a posted vacancy. He no longer holds the seat that is being excessed, even though he is still flying in it.

Another thought, since CDG is cancelled, all the MEM 757 guys should be entering training a lot quicker than they expected.

My two cents...Since we're in uncertain times I'd hold off on the house. I bet it's not the last house on earth, there will be others coming along. Stay wth what you have or find another "F/O house"....you'll sleep alot better on those nights when you're not hub turning.;)

Is backing out and waiting another 60 days out of the question? In this market I doubt someone is there to snatch up your dream house out from underneath you. Worst case is you wait 60 days, and buy with a bit more clear crystal ball. Best case is the price drops again or you hold off and save yourself a serious pinch. If you lose this house--there will be others. There aren't a lot of guys right now making wide-body pay that have the confidence to plunk down for a new house.

If you just gotta buy something, however, I got a nice bayfront rental house on St Andrews Bay--zoned mutli-use/commercial. Now THAT would be a great investment for someone like you!

Seriously--how bad do want to "house poor"? BLGs are trending down, and we haven't gotten much good news in a while.

i have a condo on longboat key u can rent...beautiful sunset tonight!:)

If the house you are buying has you so maxed out that you can't take a cut down to NB Capt pay.....assuming that's where you'd be excessed to.

OR,
you don't have enough savings for the 3 to 9 mo's of living expenses most financial adviser's recommend ($$$ that you could use to supplement the reduced income for the lean years)

then you shouldn't be buying the house in the first place.

Mortgage payments should be in the 25-29% of your take home income. More than that, or you're making payments on 2 new cars, your closer to the abyss than you should be

My crystal ball says pay off all debts ASAP, and hope that after the elections, the bottom doesnt REALLY fall out. With the FED printing $$ like they do, and the Govt borrowing from the Chinese and others to fund the over spending, I think it is going to get lots worse before it gets better. Just my take though!

Yea he can pack in with your Aunt and Brian. Sounds cozy....NOT!

You don't even stay there. :rolleyes:

Said in my best Dirty Harry voice "Do you feel lucky? Well, do you Punk?"

Sorry, no inside scoop here. If you haven't signed yet, is there any possibility of putting a contingency clause into the deal? Just a thought. Good luck.
fbh

I've not done the math, but it seems to me that the difference between a junior widebody captain, on reserve, vs a more senior narrowbody captain, not on reserve, (and thereby with 4 or 5 additional days off a month to fly extra if it's available) is less than $2500 a month. You do have the choice, if you're excessed off the bus, to go to any seat your seniority can hold. You should be able to make the same, if not more, in the left seat of the Boeing. Granted you'd put in more time, but if the new house is something you just can't live without, that is an option. Personally, I'd look for a house I could more easily afford on a lesser salary, and then bank the difference.