Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
Housing boom made houses twice as expensive in five years. Monthly grocery bill doubled. Renting doubled. Cost of cars doubled. Every day expenses doubled.
It’s basically a similar experience except you live in harsher conditions.
I don’t see a considerable difference between poverty line me and six figures me. I have a slightly nicer place (but in debt to the bank instead of renting) and I can buy games on Steam rather than waiting for a sale.
As someone who had a lot of money, spent time homeless, got fucked by COVID, and am now back in a comfortable place making 6 figures - your comment is way out of touch man.
Its nice to see someone else mention the doubling. There are news things about gas being expensive but its cheap relative to everything else. People better be ready for eight bucks a gallone once it rights itself. Inflation would suggest 30% odd increase but for what you have to buy its 100% over 2020 prices.
Don’t worry urban planners are making driving more difficult instead of mass transit easier. That way when gas prices double the entire lowest tier of the workforce won’t be able to afford to work. “No one wants to work anymore”
As someone who lives in Florida I’ve got to ask, how? When thinking about finances and investments I often feel like I’m in my own bubble and I don’t understand other peoples’ situations, motivations, etc. So I’m genuinely curious. 4-bedroom houses near Orlando can be found in the mid 300s. With your income you should be able to pay in cash after saving for just one or two years (depending on how much savings you’re starting out with). Even if you wanted something more expensive, are mortgages that difficult to get approved even for someone with such a high income?
I finally got a job that broke six figures.
Housing boom made houses twice as expensive in five years. Monthly grocery bill doubled. Renting doubled. Cost of cars doubled. Every day expenses doubled.
Now consider the majority of people who do not have 6 figure incomes.
It’s basically a similar experience except you live in harsher conditions.
I don’t see a considerable difference between poverty line me and six figures me. I have a slightly nicer place (but in debt to the bank instead of renting) and I can buy games on Steam rather than waiting for a sale.
As someone who had a lot of money, spent time homeless, got fucked by COVID, and am now back in a comfortable place making 6 figures - your comment is way out of touch man.
Honestly, you need to make 6 figures to just not be “poor” these days. Very annoying, considering how quickly things changed over the last decade.
Same here. Feels like I’m making the same, but my mortgage is huge now. Sucks.
Its nice to see someone else mention the doubling. There are news things about gas being expensive but its cheap relative to everything else. People better be ready for eight bucks a gallone once it rights itself. Inflation would suggest 30% odd increase but for what you have to buy its 100% over 2020 prices.
Don’t worry urban planners are making driving more difficult instead of mass transit easier. That way when gas prices double the entire lowest tier of the workforce won’t be able to afford to work. “No one wants to work anymore”
My partner and I make over $300k, and we’re struggling to buy a 4-bedroom house on the outskirts of Orlando, FL.
As someone who lives in Florida I’ve got to ask, how? When thinking about finances and investments I often feel like I’m in my own bubble and I don’t understand other peoples’ situations, motivations, etc. So I’m genuinely curious. 4-bedroom houses near Orlando can be found in the mid 300s. With your income you should be able to pay in cash after saving for just one or two years (depending on how much savings you’re starting out with). Even if you wanted something more expensive, are mortgages that difficult to get approved even for someone with such a high income?
holy crap. 300k for 4 bedrooms. no wonder people risk the storms.
What does your budget look like, where is the money going? The Orlando market doesn’t look too crazy.
Sell your house and move slightly further out of Orlando.
Or don’t have a family size of 7+ and try to live in a city while expecting every kid to have their own room.