How much money do you make per year?

How much do you make?

  • < 20k

    Votes: 1 1.9%

  • 20k-30k

    Votes: 1 1.9%

  • 30k-40k

    Votes: 9 16.7%

  • 40k-50k

    Votes: 4 7.4%

  • 50k-60k

    Votes: 4 7.4%

  • 60k-70k

    Votes: 5 9.3%

  • 70k-80k

    Votes: 7 13.0%

  • 80k-90k

    Votes: 5 9.3%

  • 90k-100k

    Votes: 0 0.0%

  • >100k

    Votes: 18 33.3%
  • Total voters
    54
  • Poll closed .
Unannounced Fart

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RacerX

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My advice to the young 'uns and/or those underpaid, start saving and scratching enough for a real property downpayment. Wait for the next market bubble-pop and buy a property - any will do, house, condo, commercial building, apartment building, etc.

You don't want to miss too many potential years of appreciation and wealth creation.
 
Unannounced Fart

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RacerX said:
That's right, in the Bay Area if you make $100k/year you are sharing a rental apartment. A $100k salary is far from impressive in a region like this where everything is monetarily inflated.
Click to expand...

Throw in kids, college, mortgage, etc.. a $100k salary puts you in a deep hole.
 
BlackHawkPaul

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RacerX said:
My advice to the young 'uns and/or those underpaid, start saving and scratching enough for a real property downpayment. Wait for the next market bubble-pop and buy a property - any will do, house, condo, commercial building, apartment building, etc.

You don't want to miss too many potential years of appreciation and wealth creation.
Click to expand...

My wife and I did that in '09 after the housing bubble popped. Timing is everything, but it still boggles me how anyone who is single can afford a rental anywhere close to Chicago.
 
Ares

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BlackHawkPaul said:
My wife and I did that in '09 after the housing bubble popped. Timing is everything, but it still boggles me how anyone who is single can afford a rental anywhere close to Chicago.
Click to expand...

They often live with roommates.... otherwise I agree, idk how that is affordable or makes sense.

Let me pay more than a mortgage payment each month in rent that I will never get back.
 
BlackHawkPaul

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Ares said:
They often live with roommates.... otherwise I agree, idk how that is affordable or makes sense.

Let me pay more than a mortgage payment each month in rent that I will never get back.
Click to expand...

The same can be said for property taxes in this state.
Our property taxes were more than our mortgage when we first moved in. I requested a property reassessment, and now we're paying a 1/3.
 
RacerX

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Ares said:
They often live with roommates.... otherwise I agree, idk how that is affordable or makes sense.

Let me pay more than a mortgage payment each month in rent that I will never get back.
Click to expand...

Riight, and also forego the long-term equity appreciation and the annual mortgage interest and property tax income tax deductions (unless those deduction are nullified by AMT, which isn't really that bad because it means you are earning serious coin).
 
RiDLer80

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Ares said:
They often live with roommates.... otherwise I agree, idk how that is affordable or makes sense.

Let me pay more than a mortgage payment each month in rent that I will never get back.
Click to expand...

Yeah, doesn't make any sense. I was actually looking at places downtown a couple years back when I worked downtown. Then I realized that rent in the city for a fucking closet is more than a mortgage payment would be.

Moral of the story is I still live at home with my mom.
 
Scoot26

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RiDLer80 said:
Yeah, doesn't make any sense. I was actually looking at places downtown a couple years back when I worked downtown. Then I realized that rent in the city for a fucking closet is more than a mortgage payment would be.

Moral of the story is I still live at home with my mom.
Click to expand...
Seattle and San Francisco are way way way way way way worse than Chicago.
 
Ares

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RiDLer80 said:
Yeah, doesn't make any sense. I was actually looking at places downtown a couple years back when I worked downtown. Then I realized that rent in the city for a fucking closet is more than a mortgage payment would be.

Moral of the story is I still live at home with my mom.
Click to expand...

At least you don't live with your gf in Lisle....
 
xer0h0ur

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And guess what was just approved? 10.25% sales tax in Cook county. YAAAAAAAAAAAAAAAAAAAAAY! Were going to have the highest sales tax in the country again. #GettinRapedLikeAboss
 
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xer0h0ur said:
And guess what was just approved? 10.25% sales tax in Cook county. YAAAAAAAAAAAAAAAAAAAAAY! Were going to have the highest sales tax in the country again. #GettinRapedLikeAboss
Click to expand...
Maybe more people will shop in DuPage now and my property tax will go down.... loll yeah okay.
 
xer0h0ur

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LOL my dad is so pissed that he says he wants to put signs on our stores' windows saying we only charge customers 9% sales tax and will pay the difference for them on all sales. These assholes are choking off small businesses in Chicago with these Special person sales taxes.
 
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xer0h0ur said:
LOL my dad is so pissed that he says he wants to put signs on our stores' windows saying we only charge customers 9% sales tax and will pay the difference for them on all sales. These assholes are choking off small businesses in Chicago with these Special person sales taxes.
Click to expand...
Yep, sales tax is a very regressive tax. Hurts the poor more than anyone.
 
Ares

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Cook County.... sales tax, liquor tax.... always fucks me up when I go to buy booze between the sticker price and what the register rings up.
 
xer0h0ur

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**** Daley, **** Rahm, **** Rauner and **** Illinois politics in general. This city and state is so fucked its not even funny. But keep selling off assets for pennies on the dollar only to spend it all in a matter of months.
 
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xer0h0ur said:
**** Daley, **** Rahm, **** Rauner and **** Illinois politics in general. This city and state is so fucked its not even funny. But keep selling off assets for pennies on the dollar only to spend it all in a matter of months.
Click to expand...
How fucking bad was the parking meter deal for the city? lol
 
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Scoot26 said:
Maybe more people will shop in DuPage now and my property tax will go down.... loll yeah okay.
Click to expand...

DuPage isn't much better than Cook.

If I leaving Cook to go shopping, I'm going south.
 
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