Lot of $$ / Buy vs. Rent
10-28-2024 | 12:30 PM
#32
Gets Weekends Off
Joined: Apr 2018
Posts: 4,141
Likes: 560
Haha, this thread has been eye-opening. 4 bedrooms isn't big and 240k a year isn't a lot of money!
10-28-2024 | 12:34 PM
#33
Roll’n Thunder
Joined: Oct 2009
Posts: 5,151
Likes: 562
From: Pilot
The median home price in the USA is just under $360,000. Yes, a few years ago it was around 200, but there are still plenty of properties out there that aren’t 600k+. Obviously where you live will have a big impact. Here are the median home prices for our domicile states:
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
10-28-2024 | 12:52 PM
#34
Banned
Joined: Feb 2022
Posts: 874
Likes: 0
The median home price in the USA is just under $360,000. Yes, a few years ago it was around 200, but there are still plenty of properties out there that aren’t 600k+. Obviously where you live will have a big impact. Here are the median home prices for our domicile states:
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
10-28-2024 | 01:00 PM
#35
Gets Weekends Off
Joined: Apr 2018
Posts: 3,600
Likes: 49
If 240k/year qualifies as a lot, I would imagine eventually, with 35T debt and climbling, legacy airline pilots will be in the crosshairs for paying their fair share. As it is, I think the debt/taxpayer is about $350,000. Yikes!
10-28-2024 | 01:06 PM
#36
Gets Weekends Off
Joined: Apr 2018
Posts: 4,141
Likes: 560
That is why the mantra of, "The rich need to pay their fair share" might be a very slippery slope.
If 240k/year qualifies as a lot, I would imagine eventually, with 35T debt and climbling, legacy airline pilots will be in the crosshairs for paying their fair share. As it is, I think the debt/taxpayer is about $350,000. Yikes!
If 240k/year qualifies as a lot, I would imagine eventually, with 35T debt and climbling, legacy airline pilots will be in the crosshairs for paying their fair share. As it is, I think the debt/taxpayer is about $350,000. Yikes!
10-28-2024 | 01:20 PM
#38
Gets Weekends Off
Joined: Dec 2007
Posts: 6,203
Likes: 267
#1 You're forgetting the opportunity cost of the down payment, closing costs, escrow instead being liquid cash or better yet invested in diversified ETFs making capital gains
#2 If a furnace breaks that's the landlord's issue to fix. For a homeowner that's a $5k+ expense unless they purchased a new home or bought a home warranty.
10-28-2024 | 01:29 PM
#39
Line Holder
Joined: Mar 2019
Posts: 1,427
Likes: 169
Most making pay comparisons use the hourly rate. Contracts have evolved to the point that makes no sense. When I was hired in 1986 the top Captains made 150,000 a year on a 160 an hour rate. Currently the top Ca rate is 438 an hour but the majority of those pilots are making over 600,0000 plus a year without breaking a sweat. 150,000 adjusted for inflation is 432,000 today.
If an outright majority of our 350 captains pull more than 114 hrs a month I’d be surprised, but maybe times have changed since I was international.
10-28-2024 | 01:47 PM
#40
Line Holder
Joined: Dec 2008
Posts: 321
Likes: 1
From: B737 CA
The median home price in the USA is just under $360,000. Yes, a few years ago it was around 200, but there are still plenty of properties out there that aren’t 600k+. Obviously where you live will have a big impact. Here are the median home prices for our domicile states:
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
CA: 673k
GA: 300k
MI: 211k
MN: 294k
NY: 411k
UT: 475k
And since we can commute that opens up even more states. Lots of affordability within a couple hour drive from a domicile. Yes, it’s not going to be a dream house in a dream location, but there are still affordable options out there, especially for people at our income levels.
Median Home Prices by State
