I know lawyers who start at $20000 a year, Doctors make $40000 through out their residency. My friend is a dentist who needed 3 jobs to make it after gradution, teachers $30000 to start, architects 30000 to start etc. we all start low to pay the dues. They will not pay a regoinal pilot $150000 a year. I dont understand why skyhigh sits on this sight after quitting aviation to knock the rest of us in the career. I quess he is living aviation through us@!

 

Buff, no more Kool-aid for you. Your cut off.

 

ya, but that is the type of law he chose. The docs/lawyers start out that way sometimes, but there are more options to improve that. There are literally only a few good jobs in aviation. Not bitter, just experienced. Same with dentists, give it time. teachers? yeah, their pay always sucked.

 

I make less than 50K and I gotta tell ya , unless your wife is bringing in a lot more than you, 200K houses and multiples vacations don't add up on that salary. To save up 40K for that down payment (20%) on 50K pre tax you've must been going at it for a while now. I don't have a car payment, have less monthly debt obligations than you listed and there's no way I'd be able to afford a 200K house on that monthly cash flow. I rent for cheap too so I doubt you can save more than 1500/mo after tax, and that isn't cutting it either for the kind of house you're talking about. You're either about to overextend yourself big time or your folks set ya on easy street down payment wise (I asked mine, surprise they won't hook me up lol). I commend you and identify with your judicious approach to finances, but I gotta pull the BS flag on the reach of that 50K, cause I'm in that bracket and that doesn't get anywhere near to what it's required to fully fund a household, I live in the Southeast which is not as expensive either FWIW.

 

That 200k house could be a foreclosure that was once 200k but not anymore...decent market for that stuff now. You'd be up on everyone bigtime if you could muster up the cash for a foreclosure, ahead of the looming financial crisis.

 

Good point,
The grass always looks greener until your actually standing on it.
Fuel crisis aside, the age 65 rule has stagnated attrition and flow in most of the industry, but all that has really done is reset the clock for the industry. The fuel crisis only accentuated this recent change in FAA policy, but in 2 1/2 years movement should start picking up again.

 

No problem, I live in Indiana, and it's pretty cheap overall. My wife will be graduating in May, so I should've mentioned that, couldn't remember if I did or not, but she will an RN and that will cover our additional finances when we take that plunge. I definately could not afford the house if she didn't start working, but I imagine there's people that have tried.

 

Just remember that if the house that Ewfflyer is talking about is in foreclosure, he has to meet all of the foreclosure requirements first, then meet the qualifications of his lender/finance/mortgage company. Who knows? Maybe he got a good deal.

I say look for homes with liens on them....




atp

 

Where's Skyhigh when you need him???

 

I refused to be a CFI - because more pilots meant more competition -