mccain's vp

[GPK]

Originally Posted by dalakhani

Over 30 years? Our credit situation didnt happen overnight GPK and the disparity in classes didnt happen overnight either. It comes from being stuck in Reaganomics for 20 of 28 years.

Look at the times when our economy was best? Strong middle class! keynesian theory is what we were built on.

So is it too much to ask for people to live within their means...be it for 2 years or 100 years. At some point in time, people have to take personal responsibility for choosing to live like that. Is that asking too much?

[dalakhani]

Originally Posted by GPK

So is it too much to ask for people to live within their means...be it for 2 years or 100 years. At some point in time, people have to take personal responsibility for choosing to live like that. Is that asking too much?

No its not. But GPK, do you have kids? Try living on the median household income with a family of four in most metro cities I see these people every day. Many of them are just struggling to get by.

If you don't have kids, do the math. It will really sober you.

[GPK]

Originally Posted by dalakhani

No its not. But GPK, do you have kids? Try living on the median household income with a family of four in most metro cities I see these people every day. Many of them are just struggling to get by.

If you don't have kids, do the math. It will really sober you.

None that I know about.

I am in contact on a daily basis with people like this and many that are worse off than that.

How many of these people you see every day are working a 2nd job?

[dalakhani]

Originally Posted by GPK

None that I know about.

I am in contact on a daily basis with people like this and many that are worse off than that.

How many of these people you see every day are working a 2nd job?

And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.

There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.

There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.

Gross income 9k per month

Car payments= 600 per month.

student loans= 300 per month.

mortgage payment=3500 per month

Credit card debt= zero



lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.

This is the middle class in our area. What is wrong with this picture?

[Rileyoriley]

Originally Posted by dalakhani

And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.

There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.

There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.

Gross income 9k per month

Car payments= 600 per month.

student loans= 300 per month.

mortgage payment=3500 per month

Credit card debt= zero



lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.

This is the middle class in our area. What is wrong with this picture?

They were looking at a $500k house?

Originally Posted by Rileyoriley

They were looking at a $500k house?

A 500K house is not middle class in San Antonio.
We must adjust regionally I suspect.

[Rileyoriley]

Originally Posted by pgardn

A 500K house is not middle class in San Antonio.
We must adjust regionally I suspect.

Not in my neighborhood either. We must not live in the proper regions.

[dalakhani]

Originally Posted by pgardn

A 500K house is not middle class in San Antonio.
We must adjust regionally I suspect.

500k in fairfax county will barely get you a single family in the outlying areas. Indeed it is middle class.

I agree with the regional adjustment part.

[Cannon Shell]

Originally Posted by dalakhani

And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.

There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.

There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.

Gross income 9k per month

Car payments= 600 per month.

student loans= 300 per month.

mortgage payment=3500 per month

Credit card debt= zero



lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.

This is the middle class in our area. What is wrong with this picture?

You are telling me that $250k families should have taxes raised then you give this example? Maybe they should find a "modest" house with less bedrooms in a cheaper neighborhood.

[GPK]

Originally Posted by dalakhani

And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.

There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.

There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.

Gross income 9k per month

Car payments= 600 per month.

student loans= 300 per month.

mortgage payment=3500 per month

Credit card debt= zero



lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.

This is the middle class in our area. What is wrong with this picture?

Family of 4...4 bedrooms? Hubby and wife have seperate rooms? Buy a smaller, more affordable townhome, with only 3 bedrooms. Thats at least $1000 less a month there, right?

Two car payments?? Get ride of one payment and pay cash for a much cheaper reliable car. There is another $300 a month.

$1,300 a month in the blink of an eye....just with those two sacrafices alone. What is wrong with that picture?


And you didnt call me out asking about kids. I took no offense. I was married for a while with a stepdaughter, so I am well aware of the economics that go into raising kids, etc..

[Danzig]

Originally Posted by GPK

Family of 4...4 bedrooms? Hubby and wife have seperate rooms? Buy a smaller, more afordable townhome, with only 3 bedrooms. Thats at least $1000 less a month there, right?

Two car payments?? Get ride of one payment and pay cash for a much cheaper reliable car. There is another $300 a month.

$1,300 a month in the blink of an eye....just with those two sacrafices alone. What is wrong with that picture?


And you didnt call me out asking about kids. I took no offense. I was married for a while with a stepdaughter, so I am well aware of the economics that go into raising kids, etc..

a lot of people are house poor. they put all their income in the house, nothing left to furnish it with...and no vacations, can't afford it. but hey, nice house.

[Rileyoriley]

Originally Posted by GPK

Family of 4...4 bedrooms? Hubby and wife have seperate rooms? Buy a smaller, more affordable townhome, with only 3 bedrooms. Thats at least $1000 less a month there, right?

Two car payments?? Get ride of one payment and pay cash for a much cheaper reliable car. There is another $300 a month.

$1,300 a month in the blink of an eye....just with those two sacrafices alone. What is wrong with that picture?


And you didnt call me out asking about kids. I took no offense. I was married for a while with a stepdaughter, so I am well aware of the economics that go into raising kids, etc..

I think that's called "living within your budget". Unique concept.

[Danzig]

Originally Posted by Rileyoriley

I think that's called "living within your budget". Unique concept.

bite your tongue, woman! it's called get credit cards. or get a line of credit based on the equity in your home, it's great.

[dalakhani]

Originally Posted by GPK

Family of 4...4 bedrooms? Hubby and wife have seperate rooms? Buy a smaller, more affordable townhome, with only 3 bedrooms. Thats at least $1000 less a month there, right?

Two car payments?? Get ride of one payment and pay cash for a much cheaper reliable car. There is another $300 a month.

$1,300 a month in the blink of an eye....just with those two sacrafices alone. What is wrong with that picture?


And you didnt call me out asking about kids. I took no offense. I was married for a while with a stepdaughter, so I am well aware of the economics that go into raising kids, etc..

Okay so lets back out 1300 dollars. fine. Monthly outlay is still 3200 before we even get started. How far does that go?

These are teachers. Professionals with degrees that are priced out of living a middle class life in many areas. This is the problem and thats in the public sector. Look at how it is in the private sector where wages are going nowhere.

[GPK]

Originally Posted by dalakhani

Okay so lets back out 1300 dollars. fine. Monthly outlay is still 3200 before we even get started. How far does that go?

These are teachers. Professionals with degrees that are priced out of living a middle class life in many areas. This is the problem and thats in the public sector. Look at how it is in the private sector where wages are going nowhere.

$1,300 a month plus the previous $1,500 a month left over from the previous scenario = $2,800

If they can't get by on that, it seems to me they need to give up that nose candy

Obviously was a joke. How often do people like this eat out every week? That adds up real quick, not to mention the gas burned driving out to eat. Does the husband or wife work a 2nd job on the weekend? Tutor part time to make extra $$??

Everyone wants a little bit better than what they can actually afford. Too many people worried about keeping up with the Jones.

[Cannon Shell]

Originally Posted by dalakhani

Okay so lets back out 1300 dollars. fine. Monthly outlay is still 3200 before we even get started. How far does that go?

These are teachers. Professionals with degrees that are priced out of living a middle class life in many areas. This is the problem and thats in the public sector. Look at how it is in the private sector where wages are going nowhere.

Exactly how many places are considered middle class with 500k homes?

[Danzig]

Originally Posted by dalakhani

And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.

There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.

There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.

Gross income 9k per month

Car payments= 600 per month.

student loans= 300 per month.

mortgage payment=3500 per month

Credit card debt= zero



lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.

This is the middle class in our area. What is wrong with this picture?

exactly the reason we moved from that area. we make that money down here with a house payment 1/7th of that. why do you live in arkansas people ask. cause we've got it made down here, that's why!

[GPK]

Originally Posted by DaHoss9698