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Old 10-20-2019, 08:42 PM
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
4,790 posts, read 2,193,807 times
Reputation: 3614

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Quote:
Originally Posted by Guineas View Post
What's wrong with this is that it drives prices of homes in China to 20-40x local income (versus 3-7x in the US). It's absolutely unsustainable and requires the wealth of 3 generations just to live in a concrete cubicle, all on the hopes that the real estate speculation will continue. This in a country with rapidly declining marriage and birth rates, half of replacement levels and no immigration. What could go wrong?
Are we talking USA or China?
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Old 10-20-2019, 09:28 PM
 
Location: Portal to the Pacific
5,505 posts, read 5,340,233 times
Reputation: 6827
Quote:
Originally Posted by AleeGee View Post
Whatever your rent or mortgage amount is you have to figure in the rest of the household expenses;

Water $125
Sewer Included with water
Garbage$25 every other month, I believe
Electricity $125 yearly average
Internet $50
Cell phone bill $100
Groceries $500
Gas $100
Car payment none
Car Insurance $250/year
AAA bill * none
Life Insurance *
Homeowners Insurance * $125 a year
HOA fees $310
Pet food $50
Pet Insurance * none
Cat or dog rent (if you're a renter)

The asterisks are maybes.

I think these are all billed monthly, not sure. $2500 a month rent can soar to around $5000 quickly, and a $3500 mortgage payment can soar to over $6000 a month.
Round up to $1500 + mortgage (until November 27, 2020) of ~$2665 = $4165/month

$4165 x 12 = ~$50,000/year

We need a $50,000 salary (not including taxes) to make (basic) ends meet.

And just for fun...

After November 27, 2020:

$1500 + $480 (property taxes) = ~$2000

We need a $24,000 salary (not including taxes) to make (basic ends meet).

I would say, "gee, with our rental income and my little pet sitting business you can quit your JOB honey!"...

But you forgot HEALTH CARE EXPENSE.. so that's like an additional $18,000
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Old 10-21-2019, 06:00 AM
 
Location: Outside US
1,662 posts, read 660,682 times
Reputation: 2250
Thanks for sharing, AleeGee.

As for $100 a month for a cell phone this is common, yet also absurd.
A complete rip-off

US cell plans stink.
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Old 10-21-2019, 09:36 AM
 
1,700 posts, read 1,093,130 times
Reputation: 3081
Quote:
Originally Posted by Returning2USA View Post
Thanks for sharing, AleeGee.

As for $100 a month for a cell phone this is common, yet also absurd.
A complete rip-off

US cell plans stink.
Just use Cricket Wireless. Been with them for 2 years and love the service and prices can't be beat.
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Old 10-21-2019, 09:54 AM
 
Location: Seattle
7,155 posts, read 9,264,497 times
Reputation: 3989
Quote:
Originally Posted by Hemlock140 View Post
This is the way most of us like it. We have a few decent restaurants, Trader Joe’s and Metropolitan Market, Safeway and QFC, but just about anything else is readily available 5-6 miles away in Redmond or Issaquah. We don’t mind driving there and letting them have the big box stores, huge concrete parking lots, and traffic. Our city is not hurting despite the lack of sales tax revenue, the high property values/property taxes and are more than enough to pay for our local services. I remember in the recession when the city had some layoffs, but not due to budget. There just wasn’t any work for the building permit techs and inspectors.
Is Sammamish mostly senior citizens then? I thought there were a lot of young families with small children too.
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Old 10-21-2019, 09:59 AM
 
Location: Seattle
7,155 posts, read 9,264,497 times
Reputation: 3989
Quote:
Originally Posted by Returning2USA View Post
Thanks for sharing, AleeGee.

As for $100 a month for a cell phone this is common, yet also absurd.
A complete rip-off

US cell plans stink.
$18k for health care stinks more. Seriously? That is unheard of anywhere else in the world. We need universal health care which would cost a fraction of this. No wonder there are so many homeless people...
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Old 10-21-2019, 10:59 AM
 
Location: Portal to the Pacific
5,505 posts, read 5,340,233 times
Reputation: 6827
Quote:
Originally Posted by Botev1912 View Post
Is Sammamish mostly senior citizens then? I thought there were a lot of young families with small children too.
No. TONS of young families.
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Old 10-21-2019, 11:04 AM
 
Location: Portal to the Pacific
5,505 posts, read 5,340,233 times
Reputation: 6827
Quote:
Originally Posted by Botev1912 View Post
$18k for health care stinks more. Seriously? That is unheard of anywhere else in the world. We need universal health care which would cost a fraction of this. No wonder there are so many homeless people...
Currently our insurance is through an employer, so no, we are not paying that amount.

In 2003 I paid $1100 for private insurance for myself and my son. So my math is a slightly educated shot in the dark for a family of four paying private insurance in 2020.
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Old 10-21-2019, 11:42 AM
 
Location: Seattle
7,155 posts, read 9,264,497 times
Reputation: 3989
Quote:
Originally Posted by flyingsaucermom View Post
Currently our insurance is through an employer, so no, we are not paying that amount.

In 2003 I paid $1100 for private insurance for myself and my son. So my math is a slightly educated shot in the dark for a family of four paying private insurance in 2020.
$18k for health insurance annually is disgraceful for "the greatest country on Earth". Those people would be better off not having insurance at all. Yes, it's nice when employers can cover that cost, but how many people are that lucky? Only the ones with high paying jobs. People working in retail stores, restaurants or those that are self-employed are screwed and can easily go bankrupt and homeless if they get sick. This never happens anywhere else.

Last edited by Botev1912; 10-21-2019 at 12:14 PM..
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Old 10-21-2019, 12:06 PM
 
Location: Seattle
6,157 posts, read 4,891,988 times
Reputation: 3721
Quote:
Originally Posted by Botev1912 View Post
$18k for health insurance annually is disgraceful for "the greatest country on Earth". Those people would be better off not having insurance at all. Yes, it's nice when employers can cover that cost, but how many people are that lucky? Only the ones with high paying jobs. People working in retail stores or restaurants are screwed and can easily go bankrupt and homeless if they get sick. This never happens anywhere else.
Totally agree about the health insurance in this country, pathetic.
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