This is pretty good
Sidebar..
Funny how location can completely throw all that completely out the window
Money Debate: Is 400 K per year considered middle class income by today's standards?
- Thread starter playahaitian
- Start date
This is pretty good
Sidebar..
Funny how location can completely throw all that completely out the window
I dropped 167K on my house cause it was a jumbo loan.
Also, now that I'm renting it out, I can't get the lowest rate from my lender on a refi as I would if it was my primary residence.
If you get the Tito hookup..you only need 50k..
Jk
Yeah, man no matter how tempting, you can't try to play a rental as a primary residence..
That's one of the main mortgage fraud traps.
And mofos would be on the phone with me..tell me it's not their primary...and wanna try to claim it on an app
I was like .fool..I'm not going to jail with you..cuz you wanna save a few points on your rate.
If you're asking me, no it's not.
I never did a physician's loan. It's certainly possible, he got that deal..possibly an Alt-loan..
From what I remember, and that was awhile ago, that was for young docs.
I was never licensed in HI..had a few other states' license, but I wouldn't even bother looking at pricing for that state.
Alt-loans was a specialty for me, so if a doc wanted a loan, and had good credit and a few other factors, I'd do a stated income loan. If rates got better..and they did for years, refi them out of it.
I wouldn't be surprised if that's the type of loan your friend had.
Yeah, the fun starts when you don't have to work and can maintain a nice life. Then you level up from there. Bills paid and not needing an alarm clock is the first level. Cars 70k and under. Next level is when you can buy the extra shit like 150k cars and not need the alarm clock. Next level is just straight 'fuck you' money with the private plane.
Anyone who has decades worth of living money on hand and can live off capital gains is living life. Those numbers can vary on location and lifestyle.
Time is the most valuable asset. Rich is being able to control that. What good is earning 400k if you like 50 and HAVE to go to work. Fuck that. If a person's job is pulled from them and they can't float themselves for a couple decades at their current lifestyle, they ain't near rich.
I don't know wtf I'd do with 3-5 annually. I got some loot, not like that, but I can't even spend the shit I have.
Location is everything. Looking for a winter home, we BRIEFLY toyed with the idea of California. Don't care how much money I have, not spending all that to live on top of people in a box. Now I see how people with millions end up broke. Can get 2 nice homes in Ohio and Florida/TX for the price of a box in Cali.
LOL FOHYeah, the fun starts when you don't have to work and can maintain a nice life. Then you level up from there. Bills paid and not needing an alarm clock is the first level. Cars 70k and under. Next level is when you can buy the extra shit like 150k cars and not need the alarm clock. Next level is just straight 'fuck you' money with the private plane.
Anyone who has decades worth of living money on hand and can live off capital gains is living life. Those numbers can vary on location and lifestyle.
Time is the most valuable asset. Rich is being able to control that. What good is earning 400k if you like 50 and HAVE to go to work. Fuck that. If a person's job is pulled from them and they can't float themselves for a couple decades at their current lifestyle, they ain't near rich.
I don't know wtf I'd do with 3-5 annually. I got some loot, not like that, but I can't even spend the shit I have.
Location is everything. Looking for a winter home, we BRIEFLY toyed with the idea of California. Don't care how much money I have, not spending all that to live on top of people in a box. Now I see how people with millions end up broke. Can get 2 nice homes in Ohio and Florida/TX for the price of a box in Cali.
Dude just bullshit’n
dude just bullshit’n…I swear to god he is…
Gotta be….
The D was the best kept secret.
Tito out here giving out 0.7% loans
Running fundraisers
Coaching pop Warner football
AND mentors young men from Yale and the less fortunate BEFORE Tuesday @Amajorfucup
Not Only is Tito Killin yawl niggus he is Fucking Amazing.
Running fundraisers
Coaching pop Warner football
AND mentors young men from Yale and the less fortunate BEFORE Tuesday @Amajorfucup
Not Only is Tito Killin yawl niggus he is Fucking Amazing.
^^^^
You have no idea what you're talking about.
So, now you tried to change it and admit it was a jumbo...but the rest of that stuff is BS
I've done more loans in a month, than you've done in your life.
You're trying to find SOME WAY to try to sound like you have an inkling of an idea about the subject...and it's hilarious.
IF it was true, you'd have found one, just like all those houses you found.
Listen, if you have 45k..50k down on a 1.5 mil loan...that's a 97LTV loan...
But now you wanna CHANGE the value of the home...
Bruh, you can take that example as far as you like to prove your point, I suppose..
Yeah, if the house is worth 100mil, and you got this great deal...cuz you....
Tito Jackson..
Yeah, that's helpful info, bruh..
First line had my crying when I scrolled
Lmaooooo
Tito be scammin yawl niggas
$400k a year is actually very rich. Don’t let bgol fool you with all the empty chest beating. Less than 5% of men make that and it’s actually very difficult to consistently make it every year. Also if you can’t manage your life on $200k a year, then something is wrong.
Lol I just wrote the same. This is the same forum where grown men beat their chest at paying $50k in taxes as if they’re winning , not knowing anything about tax shelters. Most of them are liars though.
Bruh, how many Titos have you seen on this board, over the years? I've lost count.
They come in, try to come up...and then they get exposed..
Then they disappear and reappear under a new name.
I knew he was a fraud, when he would constantly try to shift the Convo to shit I never said...and noticed him doing it with others.
I offered him $100 or offered to leave if he could prove one of his points ..
That mofo never even acknowledged it..
At this point, I'm just helping him set up his self ock.
$400k/year is middle class standards if you are living like someone making $50/yr.
My G, you act as though your leaving or staying on this board actually matters to me. The fact is, instead of taking up the "offer," I allowed you to stay on this board and I proved you wrong for free in this thread and the other thread for fun because I could. I guess it hurt your feelings or something.Bruh, how many Titos have you seen on this board, over the years? I've lost count.
They come in, try to come up...and then they get exposed..
Then they disappear and reappear under a new name.
I knew he was a fraud, when he would constantly try to shift the Convo to shit I never said...and noticed him doing it with others.
I offered him $100 or offered to leave if he could prove one of his points ..
That mofo never even acknowledged it..
At this point, I'm just helping him set up his self ock.
I've supported all of my positions with facts. If there is ever a case where I am wrong or I made a mistake, I own up to it. That's because I am a man who stands firmly and confidently on his square. I do not have to be right every time on the internet. Bro, it is f'n internet. Chill out. You are coming unraveled and it's not a good look. Numerous times you have been proven wrong, but your go-to tactic is ignoring it. Typical.
Listen whether you believe that $400K isn't rich is of no consequence to me. You might as well believe the sky is green. You want to run the victim's Olympics with all people earning $15/hr, go right ahead.
I and the rest of the rational people of the world will keep it moving while you sit around and complain from the cheap seats.
My G, you act as though your leaving or staying on this board actually matters to me. The fact is, instead of taking up the "offer," I allowed you to stay on this board and I proved you wrong for free in this thread and the other thread for fun because I could. I guess it hurt your feelings or something.
I've supported all of my positions with facts. If there is ever a case where I am wrong or I made a mistake, I own up to it. That's because I am a man who stands firmly and confidently on his square. I do not have to be right every time on the internet. Bro, it is f'n internet. Chill out. You are coming unraveled and it's not a good look. Numerous times you have been proven wrong, but your go-to tactic is ignoring it. Typical.
Listen whether you believe that $400K isn't rich is of no consequence to me. You might as well believe the sky is green. You want to run the victim's Olympics with all people earning $15/hr, go right ahead.
I and the rest of the rational people of the world will keep it moving while you sit around and complain from the cheap seats.
Once again..
Show me ANYWHERE in this thread that I mentioned anything about 400k...
I'll wait
All I did was expose your lack of knowledge on something you thought you knew.
I love how you try to deflect from you being wrong...and then you wanna talk about things I'm not discussing..
Bruh, you're pure comedy...
I've NEVER seen a cat make up a pie in the sky example, to try to make his failed scenario work
Tito the kinda mofo who'll sell you some shoes that don't fit and to fix it, he'll suggest cutting your toes off.
That's my boy's logic
That's my boy's logic
With all due respect, many of you should consider taking a course on finance. Many of do not have an inkling of an idea of how money works what is needed to survive or buy things.
For example:
For all of you who say that $400K isn't much in San Francisco, ask anyone in real estate, particularly those who understand mortgages, if a person has an annual income of $400K, $50K down, he or she can afford a home well over $1.5 million in the San Francisco area.
This is not a middle class home. $1.2M can be purchased by a person earning $400K.
2605 Tulare Ave, El Cerrito, CA 94530 | realtor.com®
View 40 photos for 2605 Tulare Ave, El Cerrito, CA 94530, a 4 bed, 3 bath, 2,999 Sq. Ft. single family home built in 1961 that was last sold on 11/16/2021.www.realtor.com
Additionally, all homes in the area are not million dollar homes. More correctly, the homes you desire are million dollar homes. But, there are homes available.
Here is a great middle class home for $500K in the San Francisco area.
2108 Gaynor Ave, Richmond, CA 94801 | realtor.com®
View 33 photos for 2108 Gaynor Ave, Richmond, CA 94801, a 3 bed, 2 bath, 1,150 Sq. Ft. single family home built in 1943 that was last sold on 11/16/2021.
Again, my aim is not to be disrespectful. But, it must be said. There are those who are just observing and reading the comments wondering if they are failures or if they are losing in life because they are not living up to the fantasy BGOL millionaire dreams.
A person getting what they want does not mean that there is no availability.
FYI: The median income for a single person in San Francisco is $123K. This is well under $400K.
This grandstanding is why you got exposed.
Your condescending attitude...not with facts, but complete BS...like "SOMEBODY should take a course in how to buy things"
Well, turns out you're not quite the expert to be teaching that class.
Ijs
Tito the kinda mofo who'll sell you some shoes that don't fit and to fix it, he'll suggest cutting your toes off.
That's my boy's logic
I’m not following y’all’s conversation too deeply but that was funny
You are sensitive. You consider answering questions grandstanding?Once again..
Show me ANYWHERE in this thread that I mentioned anything about 400k...
I'll wait
All I did was expose your lack of knowledge on something you thought you knew.
I love how you try to deflect from you being wrong...and then you wanna talk about things I'm not discussing..
Bruh, you're pure comedy...
I've NEVER seen a cat make up a pie in the sky example, to try to make his failed scenario work
You just made three individual post about me. What does that say about you, bro? No dude should be on your mind like that. I proved you wrong. Get over it.
You want the board to applaud because you corrected one word I typed wrong? Really?? Fine here you go.
I’m not following y’all’s conversation too deeply but that was funny
Bruh, dude changed whole parts of his example, to try to make it seem possible to put 50k down on a mil and a half crib.
I showed him proof that ain't hapnin..
But he claims we need to take a course
Tito Jackson...
You ain't even Randy Jackson..
More like, Millie Jackson
You ain't even Randy Jackson..
More like, Millie Jackson
Exactly....
It's like people are doing ok and making it happen down below 400k. Yet those who are making 400k are just keeping their heads above water.
Either these folks haven't made above 100k or they are trying to live way beyond their means if they say 400k is just making.
It's not a one shot deal (hit the lottery) of 400k. It's 400k a year. If you can't build some form of wealth with 400k a year. Then it's not the amount of money, it's you.
Or they have and mismanaged that shit
Tito once told me he knew more about obstetrics and gynecology than my wife...whos an MD specializing in obstetrics and gynecology
Rich folks fuck off money all the time, but they still know theyre rich.
lol!! I never said I knew more than her. I disagreed with the semantics. In fact, there is no universal agreeance on this. Which is a big problem in medicine. It was argued that a fetus was not a baby, I disagreed and still disagree.Tito once told me he knew more about obstetrics and gynecology than my wife...whos an MD specializing in obstetrics and gynecology
Again the term baby is general. No one ever says,
- Oh wow, I felt the fetus kicking in my belly.
- Hey, we found out the sex of the fetus.
- She's pregnant. That fetus is making her gain weight and have morning sickness.
Again, not discounting your wife's knowledge. The topic of abortion is a sensitive one. Even OB/ GYNs do not agree. But, until science can agree, the argument will always be circular.
Tito once told me he knew more about obstetrics and gynecology than my wife...whos an MD specializing in obstetrics and gynecology
Of course...
Bruh, we've ALL known that cat who knows more than everyone in the group...and just likes to hear themselves talk.
I tell people...you either knew that guy, or you WERE that guy.
Politics of Poverty Stat of the Day: The Top 1% Now Has More Than All of the Middle Class Combined
Bloomberg reports, via the Fed, that the collective wealth of the 1.3 million top earning households has now surpassed the collective wealth of the 78 million households in the middle. The scariest part of this stat isn’t that the rich are getting...
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