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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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09-01-2019, 08:50 AM
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#1
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Seldom Seen
Join Date: May 2001
Posts: 10,388
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Costly living
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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09-01-2019, 10:10 AM
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#2
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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How many dollars per hour does a person have to earn to pay a mortgage on a house that is $480,000.00 ??? Assuming he qualifies as a first time home buyer with zero down payment ? And assuming 30% of his income goes towards the house payment ??
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09-01-2019, 10:28 AM
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#3
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Seldom Seen
Join Date: May 2001
Posts: 10,388
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I just saw a study on teachers paying >60% of paycheck towards rent/housing.... Just another unsustainable path our nation/community is on.
The projects I see being done are getting more and more outrageous. What do these people do that they can afford to have three or four Audis out in the driveway? My SIL was telling me about a mid 40s couple who are in their third major house with multi million dollar renos. I asked what they do, and she has no clue... The inequities of wealth are just as divisive as racism, and the working folks in this town are getting to the point where they cant afford to live here... We are going down the s hitter fast. At least I won't be around when the Chinese officially assume the top spot.
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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09-01-2019, 11:42 AM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Nebe
How many dollars per hour does a person have to earn to pay a mortgage on a house that is $480,000.00 ??? Assuming he qualifies as a first time home buyer with zero down payment ? And assuming 30% of his income goes towards the house payment ??
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Roughly 100/hr in that scenario. |
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09-01-2019, 11:46 AM
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#5
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Registered User
Join Date: Dec 2002
Posts: 8,718
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Again, these teachers will be better off in retirement than most. They pretty much go without missing any of the luxuries that the so called “ well off” are able to afford. Go to the schools and watch them pull in with their new cars. Considering they work 180 days a year of mothers hours and crush all available holidays and are backed by a union almost as strong as the fire dept. I feel they are well compensated.
Posted from my iPhone/Mobile device
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09-01-2019, 12:11 PM
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#6
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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$100 an hour. 8 hours a day. 40 hours a week. 50 weeks a year. For 30 years.
Good luck with that.
Capitalism only works until you run out of others peoples money to pay you. 
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09-01-2019, 01:08 PM
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#7
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 34,958
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Quote:
Originally Posted by Nebe
$100 an hour. 8 hours a day. 40 hours a week. 50 weeks a year. For 30 years.
Good luck with that.
Capitalism only works until you run out of others peoples money to pay you.
Posted from my iPhone/Mobile device |
And once Capitalism fails, Socialism fails just as soon as the word gets out there is regular pockets to pick from  . |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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09-01-2019, 07:09 PM
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#8
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by Sea Dangles
Again, these teachers will be better off in retirement than most. They pretty much go without missing any of the luxuries that the so called “ well off” are able to afford. Go to the schools and watch them pull in with their new cars. Considering they work 180 days a year of mothers hours and crush all available holidays and are backed by a union almost as strong as the fire dept. I feel they are well compensated.
Posted from my iPhone/Mobile device
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I think you meant to say they only get paid for 180 days of work. But hey, they do crush those holidays whatever the hell that means,
Posted from my iPhone/Mobile device |
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09-02-2019, 04:48 AM
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#9
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Registered User
Join Date: Dec 2002
Posts: 8,718
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Quote:
Originally Posted by spence
I think you meant to say they only get paid for 180 days of work. But hey, they do crush those holidays whatever the hell that means,
Posted from my iPhone/Mobile device
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14 paid holidays for most teachers. If you are not aware,that is a lot.
Posted from my iPhone/Mobile device |
PRO CHOICE REPUBLICAN
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09-02-2019, 05:18 AM
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#10
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Registered User
Join Date: Jan 2006
Posts: 1,698
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I worked as a carpenters helper building homes at age 16... 21 years old I built my own home... completely independent financially...no help from anyone....well except for the bank that took a chance and gave me a loan.
I had been told by guys older and smarter than me that working only 40 hours a week would never, ever be enough to make it happen... that I should work two jobs to double my pay...it worked.
My point being that peoples expectations versus the effort they are willing to put in don't match.
I have built homes for teachers...always marveled at the amount of paid time off they had.
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09-02-2019, 07:11 AM
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#11
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Registered User
Join Date: Nov 2003
Location: On my boat
Posts: 9,685
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Quote:
Originally Posted by Sea Dangles
Again, these teachers will be better off in retirement than most. They pretty much go without missing any of the luxuries that the so called “ well off” are able to afford. Go to the schools and watch them pull in with their new cars. Considering they work 180 days a year of mothers hours and crush all available holidays and are backed by a union almost as strong as the fire dept. I feel they are well compensated.
Posted from my iPhone/Mobile device
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This is dead on Chris.
Life is full of choices and teachers make that choice of employment.
Work 180 days a year.
Every single 1/2 ars holiday off.
Christmas, February & April vacation weeks.
2 month + summer vacation.
Cost of health insurance peanuts compared to most of the work force (I know 1st had because my wife works for my towns school dept)
I say they have it pretty good other that having to deal with the typical disrespectful kids #^&#^&#^&#^&#^&#^&#^& parents are raising today
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09-02-2019, 07:24 AM
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#12
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Seldom Seen
Join Date: May 2001
Posts: 10,388
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My original point was more about cost of living here. The study just happened to be about teachers....
But having been at home all summer rehabbing my knee, I did see an awful lot of my neighbor, who teaches at a nearby HS...
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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09-02-2019, 08:01 AM
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#13
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by nightfighter
My original point was more about cost of living here. The study just happened to be about teachers....
But having been at home all summer rehabbing my knee, I did see an awful lot of my neighbor, who teaches at a nearby HS...
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And to think minimum wage was created to insure that employees were paid a fair rate to keep them level with the cost of living.... sad
Posted from my iPhone/Mobile device |
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09-02-2019, 09:01 AM
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#14
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by spence
Roughly 100/hr in that scenario.
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More of that Hyperbole you so detest.
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"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 09:38 AM
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#15
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by The Dad Fisherman
More of that Hyperbole you so detest.
Posted from my iPhone/Mobile device
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You mean truth ?
Posted from my iPhone/Mobile device |
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09-02-2019, 10:31 AM
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#16
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Nebe
You mean truth ?
Posted from my iPhone/Mobile device
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A $480000 mortgage at 3.9% for 30 years is $2,270 a month which works out to a little more than $14 an hour based on 160 hours worked per month, you know, 40 hours a week.
No, I meant hyperbole
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 10:45 AM
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#17
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by The Dad Fisherman
A $480000 mortgage at 3.9% for 30 years is $2,270 a month which works out to a little more than $14 an hour based on 160 hours worked per month, you know, 40 hours a week.
No, I meant hyperbole
Posted from my iPhone/Mobile device
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Omg. I’m going to frame this.
Posted from my iPhone/Mobile device |
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09-02-2019, 10:45 AM
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#18
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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That’s 100% of your pay.
Posted from my iPhone/Mobile device
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09-02-2019, 10:53 AM
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#19
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Nebe
That’s 100% of your pay.
Posted from my iPhone/Mobile device
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That’s a 100% of a $100 an hour paying job???
Math wasn’t your forte in high school, was it
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 12:01 PM
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#20
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by The Dad Fisherman
That’s a 100% of a $100 an hour paying job???
Math wasn’t your forte in high school, was it
Posted from my iPhone/Mobile device
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And reading comprehension wasn’t yours.
Posted from my iPhone/Mobile device |
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09-02-2019, 01:20 PM
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#21
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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He also forgot real estate taxes, payroll taxes, SS taxes, home insurance and that no first time home buyer is likely to get a premium rate on a loan.
Posted from my iPhone/Mobile device
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09-02-2019, 02:42 PM
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#22
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by spence
He also forgot real estate taxes, payroll taxes, SS taxes, home insurance and that no first time home buyer is likely to get a premium rate on a loan.
Posted from my iPhone/Mobile device
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Are those part of your mortgage?
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 03:28 PM
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#23
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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So let's go over this for the "Reading Comprehension" challenged. Nebe asked a question, how much does a person need to make to pay the mortgage on a $480k house. Pay the mortgage is the important part
Quote:
Originally Posted by Nebe
How many dollars per hour does a person have to earn to pay a mortgage on a house that is $480,000.00 ???
Posted from my iPhone/Mobile device
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So Spence, in some kind of liberal induced form of Tourettes shouts out $100 an hour. Nothing based on fact, just what he feels is a good round number.
Quote:
Originally Posted by spence
Roughly 100/hr in that scenario.
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I referred to it as hyperbole, which is what it is, just something made up to make a point. $100 an hour by the way is $208,000 a year.
Quote:
Originally Posted by The Dad Fisherman
More of that Hyperbole you so detest.
Posted from my iPhone/Mobile device
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Nebe calls it "Truth", well then it should be able to be supported by facts
Quote:
Originally Posted by Nebe
You mean truth ?
Posted from my iPhone/Mobile device
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So I plugged it into a mortgage calculator and worked out the numbers needed to "pay the mortgage" (which was the question asked) and it comes out to about $14 dollars an hour, leaving $86 an hour for the rest of life's little incidentals. 86. Dollars. An. Hour
Quote:
Originally Posted by The Dad Fisherman
A $480000 mortgage at 3.9% for 30 years is $2,270 a month which works out to a little more than $14 an hour based on 160 hours worked per month, you know, 40 hours a week.
No, I meant hyperbole
Posted from my iPhone/Mobile device
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So then Nebe elevates himself to a place of superiority because he has to be smarter than the rest of us because he couldn't comprehend the above post 
Quote:
Originally Posted by Nebe
Omg. I’m going to frame this.
Posted from my iPhone/Mobile device
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And then he invokes, what I can only guess is that New Math I've heard so much about, and tries to say that $14 an hour is 100% of a $100 an hour salary. Either that or it's that pesky reading comprehension thing again 
Quote:
Originally Posted by Nebe
That’s 100% of your pay.
Posted from my iPhone/Mobile device
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Which I question him on because, you know, it doesn't make sense. Which makes me question his math skillz 
Quote:
Originally Posted by The Dad Fisherman
That’s a 100% of a $100 an hour paying job???
Math wasn’t your forte in high school, was it
Posted from my iPhone/Mobile device
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Which calls into question my reading comprehension skillz, I'm pretty sure I answered the question that was originally asked the way it should have been answered 
Quote:
Originally Posted by Nebe
And reading comprehension wasn’t yours.
Posted from my iPhone/Mobile device
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And then Spence adds a bunch of life's little roadblocks that really don't have anything to do with the actual cost of the mortgage. Which really doesn't justify the other, unaccounted for, $86 an hour
Quote:
Originally Posted by spence
He also forgot real estate taxes, payroll taxes, SS taxes, home insurance and that no first time home buyer is likely to get a premium rate on a loan.
Posted from my iPhone/Mobile device
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Posted from my iPhone/Mobile device
Last edited by The Dad Fisherman; 09-02-2019 at 03:58 PM..
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09-02-2019, 03:40 PM
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#24
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by Nebe
How many dollars per hour does a person have to earn to pay a mortgage on a house that is $480,000.00 ??? Assuming he qualifies as a first time home buyer with zero down payment ? And assuming 30% of his income goes towards the house payment ??
Posted from my iPhone/Mobile device
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Posted from my iPhone/Mobile device |
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09-02-2019, 03:41 PM
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#25
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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My original question.
Posted from my iPhone/Mobile device
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09-02-2019, 03:56 PM
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#26
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Nebe
My original question.
Posted from my iPhone/Mobile device
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1 question, 2 assumptions
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 04:02 PM
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#27
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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Quote:
Originally Posted by The Dad Fisherman
1 question, 2 assumptions
Posted from my iPhone/Mobile device
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30% goes towards his mortgage payment.
You know what ... never mind.
Posted from my iPhone/Mobile device |
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09-02-2019, 04:04 PM
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#28
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,554
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I’m just happy knowing that you think someone who makes $14 an hour can afford to buy a house that’s almost a half million bucks.
If everyone in this country has your brain power we are doomed.
Posted from my iPhone/Mobile device
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09-02-2019, 04:34 PM
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#29
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Nebe
I’m just happy knowing that you think someone who makes $14 an hour can afford to buy a house that’s almost a half million bucks.
If everyone in this country has your brain power we are doomed.
Posted from my iPhone/Mobile device
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That's not what I said, I said it costs $14 an hour to pay for that mortgage.
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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09-02-2019, 04:36 PM
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#30
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,178
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Quote:
Originally Posted by Nebe
30% goes towards his mortgage payment.
You know what ... never mind.
Posted from my iPhone/Mobile device
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If we round up to $15 an hour and assume a third of your salary goes towards it, that means you can afford it at $45 an hour, which is well below $100 an hour.
Posted from my iPhone/Mobile device |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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