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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20906)	8/7/2007 10:47:49 PM
From: Snowshoe	Read Replies (3) \| Respond to of 217901

Sell one car and rent out the spare bedroom. Stop using table grapes from Chile, baby sweet corn from Thailand, bottled water, restaurants, etc. Cancel HBO, the land phone line, expensive vacations, etc. There's tons of fat that can and will be trimmed, but doing so will drastically alter the economy as we know it.

To: TobagoJack who wrote (20906)	8/8/2007 12:16:18 AM
From: 8bits	Read Replies (1) \| Respond to 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..

To: TobagoJack who wrote (20906)	8/8/2007 1:45:19 AM
From: energyplay	Read Replies (2) \| Respond to of 217901

44k is median family income, average family income is 70 k. USD 10,000 taxes, including Social Security, Sales, and Income tax. USD 20,000 for mortgage, insurance, etc. -that's well above normal 35% loan limits, and would pay for a 230k mortgage. 15,000 - 18,000 is more realistic. USD 5,200 for car expenses, one car is paid for or both are cheap. USD 4,800 for basic food USD 2,000 for clothing USD 1,500 for entertainment / vacations etc. USD 500 for savings...maybe.... ************** Total 44,000 For many places, the good jobs are not in the city centers, but in certain suburbs.... Do you want to buy Oakland ?

To: TobagoJack who wrote (20906)	8/8/2007 7:22:04 AM
From: KyrosL	Read Replies (1) \| Respond to of 217901

More than 30% of US homeowners have no mortgage. On incomes of around $50,0000, federal income taxes after deductions and credits are a couple of thousand or so for a typical household. Social security taxes come to $4,000. So total taxes are around $6,000. Many families at that income level rent. $1,000 a month will rent a fairly decent place in most of the US. Used cars are pretty cheap. I think that even a $50,000 household can save 20% of its income in most of the USA, if they are taught how to do it. Households with more than that can save even more. The big problem in the US is a very distorted image on how to consume and live propagated by the all pervasive media and popular culture, compounded by innumeracy in most of the population.