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Old 09-16-2024, 12:10 PM
  #51  
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Originally Posted by OOfff
damn, if we start acknowledging this, how can we keep sh**ting on the young people who actually cannot afford to follow the roads we did? we might even start thinking national policy priorities should shift to alleviate the problems instead of propping up extractive boomer and genx wealth-building policy
I love hearing from my parents how candy bars used to be a nickle. Someday I’ll tell my kids how many items used to be on the dollar menu. Still at dollar general used to be a dollar. Similar point, average houses are close to 400k. Just about anyone at a legacy is in the top 5% yearly income, not including investments. Now I don’t know anyone with private jets but I’m sure if I had a 4 million dollar house I may know a few.
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Old 09-16-2024, 02:51 PM
  #52  
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Originally Posted by word302
Most people in that price range aren’t financing at these rates.
So "folks in our ranks" are paying cash for a 4 million dollar house?
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Old 09-16-2024, 02:53 PM
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Originally Posted by AllYourBaseAreB
rich people often dont cash out stocks to buy stuff. They use the stocks as collateral to get a loan to pay cash. Not a mortgage. Save on capital gains taxes AND your money keeps growing independent to the value of the house.

Taxes arent that bad there, $4million homes in Bellevue and seattle range from 20-35k. Looks like payments around 24-28k a month. Guys know pilots buying $4million houses??? Or did they buy some place in the 80’s that is now worth that much?? Thats nuts
I think certain pilots like to flex about having money but have no idea what this kind of home ownership entails.
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Old 09-16-2024, 03:43 PM
  #54  
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Originally Posted by GoodJet
So "folks in our ranks" are paying cash for a 4 million dollar house?
Not likely, and not what I said.
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Old 09-16-2024, 03:44 PM
  #55  
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Originally Posted by GoodJet
I think certain pilots like to flex about having money but have no idea what this kind of home ownership entails.
Just imagine trying to keep the baseboards/fans dust free or cleaning all those toilets in a 4mil house.
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Old 09-16-2024, 04:05 PM
  #56  
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Originally Posted by GoodJet
I think certain pilots like to flex about having money but have no idea what this kind of home ownership entails.
The second rule of real estate - “Big House - Big Bill$ “. From Landscaping, pool and spa service , utilities and taxes. I have a pilot buddy in FL that has a Huge house with a resort style pool. His electric bill is $1000 a month in the summer.
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Old 09-16-2024, 04:09 PM
  #57  
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Originally Posted by DryClutch
Just imagine trying to keep the baseboards/fans dust free or cleaning all those toilets in a 4mil house.
Shouldn't be a problem with their undocumented live in maid.
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Old 09-16-2024, 07:15 PM
  #58  
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Originally Posted by madmax757
Shouldn't be a problem with their undocumented live in maid.
Dont worry—the next President might tax the unrealized gains on those houses. And their stocks. That’ll show ‘em!
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Old 09-16-2024, 07:50 PM
  #59  
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or the next president may marry the undocumented live in maid and move her parents here too.
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Old 09-17-2024, 01:16 AM
  #60  
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Originally Posted by at6d
Dont worry—the next President might tax the unrealized gains on those houses. And their stocks. That’ll show ‘em!
yeah cuz we got pilots worth $100 million to worry about…
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