[an]

Here’s what you said:

There are very few young people in San Diego who have any cash. The only way they would have any significant amount of cash (i.e. over 100k) would be:

1. inheritance
2. bought real esate prior to 2003 and cashed out

Did you noticed you said the ONLY WAY people in the 20s can save 100k is by those 2 points? I’m just saying there’s a 3rd way. Oh, and it’s not a theory I’m saying, it’s real and I’m living it everyday and I’m in my mid 20s. I didn’t say saving $2k/month is easy, but it’s doable IF you want to. What do you think is more prevalent, people inheriting $100k or frugal people saving $100k? My bet is on the later.

How many people making $100K/year are living in a $1K/month apartment?
Me and my wife.

[an]

I didn’t know psycho people are attracted to stucco boxes.

[an]

I didn’t know psycho people are attracted to stucco boxes.

[an]

deadzone, I don’t consider 401k & Roth as cash either. But, , if you make $130-150k, I don’t see how you can’t save $2k/month CASH AFTER maxing out your 401k & Roth IRA.

Let see, a typical RN straight out of nursing school makes about 50-60k/yr. If you work one extra day, that’d bring your yearly income to 70-80k. Add two of those together and you get your 130-150k. Or an entry level engineer making 50-55k a year @ 22 years old. 5 years later with 5 years experience, he should be making at least 70k. I don’t know if that many mid 20s making that much, but there has to be some. Especially ones with decent career. Even at $100k a year, your monthly income after tax and maxing out 401k should be around $4k-4500. If you live in an apartment for $1k/month, spend $1500/month in gas, food, and car payment, you can still save $2k/month. It’s how much you spend, not how much you make that will determine how much you can save.

[an]

deadzone, I don’t consider 401k & Roth as cash either. But, , if you make $130-150k, I don’t see how you can’t save $2k/month CASH AFTER maxing out your 401k & Roth IRA.

Let see, a typical RN straight out of nursing school makes about 50-60k/yr. If you work one extra day, that’d bring your yearly income to 70-80k. Add two of those together and you get your 130-150k. Or an entry level engineer making 50-55k a year @ 22 years old. 5 years later with 5 years experience, he should be making at least 70k. I don’t know if that many mid 20s making that much, but there has to be some. Especially ones with decent career. Even at $100k a year, your monthly income after tax and maxing out 401k should be around $4k-4500. If you live in an apartment for $1k/month, spend $1500/month in gas, food, and car payment, you can still save $2k/month. It’s how much you spend, not how much you make that will determine how much you can save.

[an]

🙂 different strokes for different folks. Double doors are pretty high on my list of must have for houses larger than 2k sq-ft. That’s just me of course.

[an]

🙂 different strokes for different folks. Double doors are pretty high on my list of must have for houses larger than 2k sq-ft. That’s just me of course.

[an]

Of course if you don’t net $2k/month, it’ll be impossible to save $2k/month. But for a mid 20s couple making $130-150k/yr, it’s definitely possible. That’s including maxing out 401k & Roth IRA.

[an]

Of course if you don’t net $2k/month, it’ll be impossible to save $2k/month. But for a mid 20s couple making $130-150k/yr, it’s definitely possible. That’s including maxing out 401k & Roth IRA.

[an]

You do have to admit that out of all of the remaining builders in 4S that John Laing is heads above the other builders. Nicer homes, nicer layouts.

I would have to disagree. To me, their home feels smaller than the sq-ft shows. It has too many walls which in my eyes contributes to it feeling smaller. For that size house, I expect nice big front French/double doors. Because of these reasons, I find Evergreen to have the best floor plan and the best looking front elevation. Too bad they’re sold out.

[an]

You do have to admit that out of all of the remaining builders in 4S that John Laing is heads above the other builders. Nicer homes, nicer layouts.

I would have to disagree. To me, their home feels smaller than the sq-ft shows. It has too many walls which in my eyes contributes to it feeling smaller. For that size house, I expect nice big front French/double doors. Because of these reasons, I find Evergreen to have the best floor plan and the best looking front elevation. Too bad they’re sold out.

[an]

There are very few young people in San Diego who have any cash. The only way they would have any significant amount of cash (i.e. over 100k) would be:

1. inheritance
2. bought real esate prior to 2003 and cashed out

3. live below your means and save at least $2k/month. After 4 years, you’ll have close to $100k.

[an]

There are very few young people in San Diego who have any cash. The only way they would have any significant amount of cash (i.e. over 100k) would be:

1. inheritance
2. bought real esate prior to 2003 and cashed out

3. live below your means and save at least $2k/month. After 4 years, you’ll have close to $100k.

[an]

As for the homebuilders, they would definitely be the first to jump ship!

The question then would be, if the homebuilders jump ship, how long can the private seller hold out. If a person can buy new @ 20% less than resale, why wouldn’t they? The seller who do not have to sell probably will not adjust price fast enough to make a sell. I think it’s the marginal sellers and builders who will affect the prices.

[an]

As for the homebuilders, they would definitely be the first to jump ship!

The question then would be, if the homebuilders jump ship, how long can the private seller hold out. If a person can buy new @ 20% less than resale, why wouldn’t they? The seller who do not have to sell probably will not adjust price fast enough to make a sell. I think it’s the marginal sellers and builders who will affect the prices.

[Author]

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