Originally Posted by rebeld

i'd be doing damn nice if i was making 60k a year ... damn nice

Originally Posted by jaymar88

Although 60k a year is still a good chunk of change, cost of living here is pretty high.. gas, taxes, utilities and the bar.

Dual income helps of course. And buying 6 years ago

Originally Posted by rebeld

my parents make maybe 50 -60k combined

paid house off in 5 years from purchase
new vehicles
new snowmobiles every 2 years
new dirt bikes for us kids
dad just built a 20k chopper

no debt aside from 1 cc for his side business with about 1500 on it h:

MI ftw sorta

Originally Posted by rebeld

my parents make maybe 50 -60k combined

paid house off in 5 years from purchase
new vehicles
new snowmobiles every 2 years
new dirt bikes for us kids
dad just built a 20k chopper

no debt aside from 1 cc for his side business with about 1500 on it h:

MI ftw sorta

Originally Posted by RB

What was the original mortgage on that house?

Originally Posted by RB

What was the original mortgage on that house?

Originally Posted by rebeld

about 140k

Originally Posted by sinthetiq

in los angeles... the foreclosures, short sales, reo's, etc are all in undesirable areas ....... the places most people want to live are still priced very high and some areas are even going up.

reason? people in the ghetto bought too much house/mortgage they could afford on a limited income, had bad credit which the lenders ignored, and overall poor financial responsibility