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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.850.0%Nov 20 4:00 PM EST

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To: TobagoJack who wrote (20906)8/8/2007 12:16:18 AM
From: 8bits  Read Replies (1) of 217901
 
USD 44,000 per capita income x 2 = 88K

TJ, he said per capita income...so given that there are a good chunk of working couples.. you can double the income (and taxes..) 2 cars would stay the same.. food would probably go up...

USD 20,000 taxes, one way or another
USD 24,000 mortgage, insurance, repairs, etc
USD 7,200 for 2 cars' payments and maintenance
USD 6,800 for basic food
------------------------------
USD 58,000

Leaving 30k to spare...

If you are talking about a single parent household.. I doubt they would be carrying a 24k.. even in one of the most expensive burbs in Cal.. my neighbor's rent (a two bedroom place..) for her and her daughters..) is $1500... granted no equity but the neighborhood is very safe and the public schools are excellent..
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