Lot of $$ / Buy vs. Rent
 

$20k? Used to be a lot of money when houses were $300k, $100-$150 bought groceries for a week, and decent cars were $20-30k. Now $20k per month isn’t a lot of money.

I had to look at that a couple times to make sure I was reading it correctly.

With respect, your perspective is incredibly skewed on this too. You don't think $240k/year is a lot of money? That's the top 2% of all earners.

I R itch. :)

Yep no kids, just my 9 acre pilot estate in the "mountains" of New Jersey. (They say I live on a mountain. It's maybe a large hill overlooking the Rockaway Valley)

Good delis. Better pizza than NY. Taylor ham. And bears/turkeys/deer in my yard. And I can't see the neighbors.

Boonton Township is basically rednecks with money so I fit in.

yeah this argument always gets me especially now. Things have gotten way more unaffordable for many Americans, but if you’re a legacy airline pilot the last four years has seen your wealth absolutely crush inflation.

everyone needs to calculate how much more you spent to survive in 2019 vs. 2023, then subtract that from how much more your W2 was from the same two years.

this doesn’t mention how much more your 401k is assuming you left it in an index fund, nor how much more your house is worth assuming you bought it before COVID.

For emphasis, I’m not saying the post covid year or two hasn’t been hard for many people, I’m just saying, mathematically the last 4 years have been absolutely epic for the average legacy airline pilots buying power.

With respect, is it possible your perspective is not his perspective?

Your perspective seems to be legacy airline pilots vs. the masses.

His perspective seems to be legacy pilot pay to historic legacy pilot pay.

You can both have valid perspectives.


BTW.....seems like every contract negotation the old argument comes up of how much behind pilot pay is compared to the "cadillac a month" of yesteryear. People who trot out the arguments of "reasonablness" I see here are shouted down as managent shills, but then those same people have a change of perspective and want to cherry pick evry contract and "get it all", "Their is no quantifiable pie that needs to be divided, it's en endless buffet"

Funny thing about perspectives, isn't it?

20k a month plus the company putting an additional 17% into your 401k is a lot of money IMO.

Now if you're into the finer things in life, $800k house, 100k cars, Gucci, LV, Saks 5th Av, 3+ kids, one can quickly end up living paycheck to paycheck or Greenslip to Greenslip

Good point, my house this year on the tax rolls went from $499. to $1,057. In Tennessee! Redikulus.

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.