make my first time home purchase

[barnaby33]

It depends PS, right out of college most software engineers make around 50k (So far as I know). At about 8-10 years its 80-110. You can break that 120k level but you need a niche. The only way to make good money anymore is to own your own company and be successfull. Its the second part that gets most of us in trouble.

I only posted my comment because it seems too many people here are willing to throw around the 6-figure income in a most unseemly fashion. It does not matter what any one of us earns; what matters is what the median person earns and can afford. Statistics aren’t built off the few thousand engineers who have access to this website at work all day(me). Nor are they built off the illegal immigrants washing lettuce at your favorite tacqueria(lots of them). They are built by the massive interactions of the millions of people in this city (2 or so million to my knowledge) blindly going about their ways.

I’d be alot happier if this blog were frequented by a fuller cross section of society but you gotta take what you can get.

One last item, yes if you include the comma, 50,000 is indeed six digits. I am glad we got that fleshed out, I was going to loose sleep over it.

Josh

[technovelist]

Since when was a comma a digit? They must have changed that about the same time they decided Pluto wasn’t a planet any more.

As for engineers making 6 digit salaries as employees, it is indeed possible, even in “lower-paid” areas like Dallas. You do need to be very skilled and find the right employer, but some of them are willing to pay that much for someone who really knows what he is doing.

[Daniel]

“DarylK, what would you advise David to do about the house? Are you planning any layoffs over there or is his job secure?”

Either you didn’t get Daryl’s joke, or I’m not getting yours…

[Anonymous]

In todays dollars 100k salary is not very much, and it definitely doesn’t go very far in San Diego as we all know. So the term “six figure income” doesn’t really mean anything anymore.

To really be ahead of the power curve you need 150K or above salary.

[barnaby33]

if( (“50,000”.length() == 6) == true)
{
// TODO figure out how to express this as code!
// goto dictionary.com
// submit “figure”
// read definition 2 && read definition 4
}
return true;

Josh

[an]

There was an article recently on CNN about 6 figure income. In order to consider yourself truly making 6 figure in San Diego, you have to make around $150k/yr while in Texas, you just have to make $88k/yr. So unless he’s making over $150k, he truly isn’t making 6 figure.

[Chrispy]

It depends what you do with it (salary and passive income.) I know some people who make well into the six figures who are drowning in debt. Then, there are others with more moderate incomes who always seem to have enough, if not plenty.

The savviest people don’t talk about how much money they make – even though this seems to be a constant cocktail party topic.

[powayseller]

Growing up, my husband and I learned that grades, sex, and money are private matters.

[avidsaver]

Who mentioned their income other than davidpeace?

[JWM in SD]

I did, but not in exact terms only the general area to prove a point to Davidpeace. Otherwise, I agree with a lot of the other posters that it’s simply bad form, and frankly uncooth, to discuss incomes that way.

[Anonymous]

If you were anywhere near as smart as myself you would just walk away from the deal…..oh wait….I’ve got a phone call…

[LookoutBelow]

“Negativity” Do what seems right in your mind, a sucker is born every minute. Your a big boy David, are you asking for approval here ?

Good luck. You’ll need it. There are always 100 times more victims than victors, god bless em.

“Negativity”?…. Hahahahaaaaaa ! ……Your funny.

Its only “negative” if your trying to sell a house that you foolishly bought a year ago ! For the rest who are the restrained, disciplined, potential buyers, its Nirvana ! Unless you own a printing press, somebody has to lose (or give up) for somebody else to get the gain in a contracting economy.

[powayseller]

avidsaver, several people have mentioned incomes over the past months, saying everything from “I make 6 figures” to “I am a millionaire”.

[davidpeace]

hahahahaha….okay….apparently my friends got ahold of this forum and posted a lot of crap to me…

and let me clarify…my income I mentioned earlier is JOINT income….that’s what my wife and I pull in combined. And to the smart guy who said you have to make more than 150 to be 6 figures…that makes no sense. 6 figures = 6 numbers, it’s not rocket science, LOL!!!!

Anyways…thanks for all the constructive (uh) critism. We ARE buying the house, it is NOT for an investment, but so we can own a property, and have a place to live that we can call our own. (Plus is it close to family, which = free baby sitters) You are right, I posted to the WRONG site looking for validation. But I feel confident in our decision. I expect a decline, but not a catostrophic one like you guys are all expecting. 🙂 Have a good one.

[JWM in SD]

Man, you really don’t get it do you? Don’t let the door hit you in the ass on the way out.

[Author]

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