Recent content by Spike_Capital

If you trace back to the start of this discussion...one poster basically said a person making 150k as a new grad can easily afford a rent of 4k/month. A new grad making 150k is already an edge case, and my entire argument was just that, yes they should be able to afford such rent without any...

Your original argument was that someone making 150k will not be able to comfortably afford a 4k/month rent. And I am telling you that they can (if they really want to), based on all the information provided. I can also assume that if someone knows how to properly budget their life style, they...

Thanks...was hoping to see if I can buy a plan 1 there as an investment but the price is a bit inflated right now.

Let's say the person puts 15% into their 401k, then the taxable income becomes 127500k. At 30% tax rate the take home becomes 89250. After paying rent, they have 41250 left. Assuming car payment of 500/month, they still have 35k left. Assuming food is 1k/month, they would still have 23k left. At...

Is the demand for Azalea through the roof?

At 30% tax rate, 150k turns into about 100k take home. One can easily afford to pay 4k in rent because that's 48k rent annually. They would have 52k left over that can pay for car / food. Yes it's not the best financial decision but can they afford it? Absolutely.