Does anyone else feel like they are just falling behind with the price increases for our big ticket items such as cars and homes? Like I started working in 2017 and I realized I couldn’t make it the way I wanted on $105k so now I’m at around $250k and I got some rentals but all of the homes in my area have doubled in price since 2020 so from $500k to $1m or above so I feel like I’m still just as financially tight now and cars seem just as unobtainable as when I first started.

likefunnyhelpfulsmart
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Now think about how all the people who made $35k back in 2017, lived off unemployment during the pandemic and now make $35k again feel.

Listen to yourself. You’re complaining that you only own a few houses.

likefunnysmarthelpfuluplifting

I think the point everyone is trying to make is this isn’t a problem. Not being able to afford a basic house to shelter yourself and your family is a problem. Not being able to afford several homes to make more money off of is not … If OP realized this, I think they would be a lot better off and not let this “lack of excess” stress them as much.

likesmartfunny

Wait I’m sorry by “a few rentals” you mean you already own multiple dwellings? What? Most people are just hoping to own 1 someday

likefunnysmarthelpfuluplifting

Yeah definitely, so the first is by far the hardest but usually you can put as little as 3% down if you’re a “first time homebuyer” so if you are buying let’s say a $500k home you can get it with $15k down and $10k or so closing costs although I must mention closing costs vary a lot by location. But by grinding initially to get that 30-50k together you can totally start. Currently interest rates have increased over 50% from 3% to 5% but you can always refi down the line should they decrease again to lower your monthly payment

likehelpful
Recent IconRecent

What kind of car is “unobtainable” on a $250K salary? I am always so amused by these types of posts.

If you’re financially tight after more than doubling your salary, you probably need to take a look at your expenses and adjust how you’re living.

likesmartfunny

Everyone's different but 250k when you have obligations like a home and a family doesn't go as far as it should. Assuming you have healthy spouse and kids with no issues. After investments/savings, debt service, and if you're following the right rule of 10% of gross salary for a car you don't have a lot to choose from.

I always buy preowned and well maintained cars from enthusiasts but those are hard to find sometimes.

You’re right, the price of cars and homes are as high as they have ever been.

But the reality is that most people do not make $250k. If you want to talk about how things are financially tight for you, don’t be surprised if it falls on deaf ears or if people can’t relate. The majority of people (even in this fishbowl) make less than that, and they need cars and homes too. And we’re not talking about Porsches and third homes here.

likesmart

🤦🏻‍♂️

“Hey DMS1, why don’t you try just being less poor?”

likefunny

VP where are these rentals you own? I saw that you saved like crazy but I’m sorry this reeks of getting financial help from parents or some other funding. All my friends who try to say they have a second home based on their “saving” are full of total horse shit. I’m in NY and in fact NONE of my friends bought their sole dwelling without help from parents - which I find really pretty sad but that’s just my personal POV.

likefunnyuplifting

I don’t understand all the hatred towards OP. He is trying to make money, like ALL of you. He found a good investment and he is monetizing this. Isn’t this what we all do when asking for a raise or investing in stock? Come on…

like

Imagine being this out of touch with reality. Meanwhile I’m out working at a big 4 firm for like $4/hour if you run the average.

likefunnyuplifting

Guys help what’s a hyperbole?

likefunny

Falling behind what exactly? I raise 4 kids on an $80K salary. Get a grip.

I suggest you leave any stupid d*** measuring groups, get a hobby, and chill out. As long as you make minimal effort from this point, you’ll retire just fine. And by “just fine” I mean far, far better than the majority of people who will live off of meagre savings and government programs until they get sick and can’t afford hospital bills.

likefunnysmarthelpful

Following too, because of my similar reality

You made it to VP and $250k in five years? Huh.

likefunny

There absoLUTely is such thing as falling behind. Don’t make enough to pay all of even your essential bills for a few months because ‘eVeRyOnE iS hIrInG’ but you are limited in the jobs you can work and no one will pay more than $11 an hour. I’m not some fresh graduate here, I’m in my 30’s and have plenty of professional office setting experience. Can’t afford dog food so we make it with our food stamps which is HELLA more expensive. Getting help from our parents to buy a house and the houses in that range are basically unlivable. We ‘made a change’ and ended up in severe poverty in a rat infested rental. We are not alike.

Lmao this hilarious to me and my sub-6 figure audit salary. I wish I can be in a position where I'm bemoaning owning only a few homes.

like

I can’t with this post. Start practicing gratitude and take a good look at any possible lifestyle creep as your income progressed

likesmarthelpful

Uh oh

Post Photo
likefunnyupliftinghelpful

Oh no your investment portfolio can only have 4 houses instead of 5. You can only have a Porsche and not a Land Rover and a Porsche.

Someone call the goddamn UN for a human rights tribunal. I won’t stand for it!

likefunnysmart

Sorry you can’t afford a luxury car, OP. That sounds really rough.

likefunny

OP out here crying about being unable to buy a car that is more than the median gross salary of an American household lmao.

like

All these people poking fun because you’re further along in your career, but yes, agreed. My salary has doubled in 6 years but the car I bought last year is 50% more expensive, used, 15 months later. The house I wanted to buy pre-pandemic is 100% more expensive. Price of things has outpaced my salary increase. Salary increase doesn’t mean crap if the price of everything has increased. Dollar is becoming more and more de-valued.

likesmarthelpful

Nobody cares about his salary. It’s him saying he can’t afford a house when he owns 5.

like

$80,000 USD with free room and board and benefits is going rate in 2022 for a top notch live in housekeeper. A stater home is one million and GN sells SUVs now that cost $100,000 USD. Heck a chicken sandwich at lunch is now $15 bucks and a drink in a nice bar is $20

like

Wow! Anyone taking apps for a housekeeper 😅

like

Bro shut up 😅😂 you’re making a quarter mil a year. Maybe instead of worrying about getting more money when you’re already rich, try to find a way to take care of your people. You’re a leader right?

like

ROFL. Grad student will become rich anyway. Help the downtrodden!!

like

Frankly, you’re falling behind a chosen comparison set that is indeed out of your grasp and current capability

You are not falling behind *as a result of* the overall marketplace

like

You should tell this person about your problems

Post Photo
likeuplifting

Is this post an article from The Onion? Or perhaps a parody of a couple on HGTV?

Assuming you started your career at 22, you’re now a VP at 27? Do you also lay golden eggs? Or maybe Faberge eggs?

likefunny

C1 is right and captures this nuance well: there’s a “white male experience” of total privilege (often upper class in the first place) that fewer than you think actually experience but all white males are treated as if this has been their experience. Most don’t get these benefits, but the downside of this assumption.

On the other hand, it’s hard to argue that being a white male doesn’t confer some privileges over being female and/or a minority. This alone is likely smaller than most think it is, but does exist particularly with first impressions and can add up over time.

I’m black and even I can see it – I grew up poor among poor white males (life isn’t great for them). Y’all white people are going to have to come together and establish some privilege/class hierarchy due to the extreme variance in your ranks.

Related Posts

like

I’m currently making $55k as a financial analyst in higher education. ( 5 years of experience & graduating with MBA this July 22’) I’m trying to get to a senior FA role making $80k+ and I’ve been hunting for a job since Nov. 21. Any recommendations on how to negotiate salary during interviews or get a job offer during interviews?

like
like

Currently working as a consultant in the US for a software company. Moving to UK next year for personal reasons and my company is sponsoring my visa and has offered me a Product Manager position (per my request to make a career change). Currently at 155 TC in the US and not sure how negotiate UK salary for a new position.

Hi I have an Hr round for a salary discussion tomorrow with Accolite what should I be expecting? Tot Exp- 5.5yrs Curr Ctc- 22 fixed

How long does Shell generally take to release offer .


I got call from HR that i got selected and discussion about salary is done.

Will upcoming diwali week delay my offer further?

like

Anyone have any fun holiday firm party stories? Ours is coming up this week and I can't wait to see who makes a fool of themself this year! 😂

like

Eversana Vs Vanderlande both are offering the same compensation.
YOE : 4 years
Tech : Analytics

Anyone know what comp and wlb are like at FAANG companies? Is the wlb worse than other industries?

like

I’ve been given a verbal offer for a Marketing Associate position at a major bank. Comp is $110k base with an annual bonus. What is an appropriate counter?

like

What is the PTO policy for WPP agencies? If Someone resigns with approved unused PTOs? Will they get paid? Also if they resign and PTOs would fall during their notice period would it be perceived as leaving on bad terms?

like

Advice needed! I started at an ID firm only a few months ago after a long stint doing in-house litigation. I was referred to the firm by a very good friend who also still works there. A management position at my old in-house firm has now been offered to me. Higher salary obviously and no billables. I am seriously dreading talking to my new boss and telling my friend that I want to go back in-house. Has anyone dealt with something similar? I just feel so bad and don’t want to burn bridges

like

What is the average salary range for Senior UX designer with 14 years of design domain experience and 4 years for UX experience in Vancouver, Canada?

like

Salary for research coordinator at John’s Hopkins university? What is a good salary range for someone with a masters of science and 3+ yrs of experience. Thanks

like

If my parents are over 70 years old, can I start their life insurance now so that when they die me and my family are protected financially.

like

Hey fishes

Can anybody tell me how much time it takes for HSBC Bangalore for salary discussion. My last round was positive and was told HR would be in touch for salary discussion and formalities. I've cleared all rounds and last round happened 7 days ago.

like

Anyone a medical senior contract manager? What’s the salary range? I was promoted internally so think I’m below market at 80k

like

I need to make a decision by tomorrow:
Current base salary: $55k
Current bonus: 10.5% (~$5k)
Vacation: 2 weeks
*been with company for 4 years. Started as a product data analyst out of school.

New offer base salary: $90k
Bonus: 12% (~11k)
Vacation: 3 weeks

Counter offer: $80k
Bonus: 14% (~11k)
Vacation: 3 weeks

The new offer would require significantly more travel. I have a young family and value time at home. My heart is telling my to take the counter offer from my company.

like

Skill : Performance Testing
YOE : 8.1+
CTC : 12.4LPA+(fixed)
Current Company : PwC India
I know I am underpaid, but my leaders are forcing me to work on multiple projects, for which I am getting anxiety even before working or denying.
What is the solution? Provided I don't want to switch & increase salary just to provide more tax to govt or the work may increase more too.
I need 100% job stability, which only PwC can provide.
Genuine advice needed!!

like

Does anyone have suggestions for criminalist entrance exam? And what is the salary range for this job?

like

More Posts

How do you deal with low-energy team members? I have a small team, and I want to get them excited about the work we’re doing and can do. One team member is great but they don’t always have the same enthusiasm as the others and I don’t want them to A: feel excluded or B: bring the general energy down.

like

Anyone know of any affordable interior designers in the Atlanta area? Or perhaps has anyone used any apps for interior design that they like?

like

I work in a change mgt/org develop internal team in a consulting firm. I feel weird in that when people ask me what I do in public I never had a way to clearly answer that question as most people don't Sr to know what org devlp or change mgt is but I also don't feel like my job is "hr" at all. How do you guys answer that question in a short way?

likeuplifting

Any firms in Atlanta, Ga seeking to hire now or in the foreseeable future? Fourth year, transactional tax.

like

I feel like other roles outside of copywriting have so many opportunities outside of pharma advertising. Have any CWs gotten out of it completely and what are you doing? Feeling stuck and I’m not sure how I can use my skills and experience in a different type of job

like
like

I’m new to Canada and currently working as a BA for the same company I worked for, in India. However, the workload is a lot after I moved here and the pay scale is comparatively low. I started job search and currently negotiating salary with an early stage startup for PM position. Problem is, they’re very keen on comparing my current salary and fixing my compensation rather than fixing it based on my performance in interviews and their budget. Is this normal practice here in Canada?

like

How much time do you spend outside of work on professional development? And do you pay for it yourself?

like

Hey all Optum is giving 10,25,000 base salary what will be the in hand please its urgent.Optum

like

Do any of guys use the Robin hood app?Can we even do that?

like

Hey everyone! I just came out with a free guide to online learning for early childhood teachers. Let me know if you’d be interested. Happy to send it your way! Sending you positive and healthy vibes!

like

How does one find Client side positions?

like

New to this forum and looking for referrals for companies needing an amazing HR person

like

McKinsey & Company Does McKinsey & Company ask estimation questions in their interviews?

like

If there is anything science taught you it is-

likesmart

I'm drowning in one-off business logic or planning requests ever since the last shuffle of devs. I'm the most senior, and def know the most, but on a team where our devs wear many hats, it means that I don't get to code nearly as much as I want to.

I also feel like these one-off requests do nothing for my career, as they're not seen as valuable to anyone other than the requesters.

Has anyone been in this position? What do I do to combat this?

like
like

Who thinks this?

Post Photo
like

Global logic or TCS

like

It's hump day! Please share a success story, a student work sample, a positive anecdote, a funny joke- anything inspiring!

like

Additional Posts in The Work-Life Bowl

Started listening to more music at home now that we’re locked in. For those that have a nice sound system at home and have an Amazon Echo, do you port the Echo’s sound to your sound system? Debating doing that vs buying then nicer Echo Studio. Weighing the pros/cons.

like

Boosted yesterday and made it a solid 24 hours feeling great. It was a trick, now I’m crying in bed feeling like this is the world’s worst hangover. Still preferable to Omicron or the inevitable Pi.

likefunny

I. Can’t. Take. This. Any. More.

like

Can someone recommend a good frame for the actual CPA license printout? Please send the link if possible. I want to frame it on my home office wall.

like

Do we know which consulting firm was contracted to build the IRS' Get My Payment tool?

Deciding if I should trust it with my SSN and personal info.... or if the gov't built it themselves.

likefunny

Non-slutty halloween costume ideas for female, pls?

like

What’s the best channel or TV show to play in the background while you’re working?

uplifting

Anyone have tips for making a long distance relationship work? After losing his dream job to COVID layoffs, my boyfriend just got a great job offer that will take him 6-7 hours away. We both want to continue our relationship but are apprehensive about what our future will look like now.

like

Is it safe to go to a@rock climbing gym?

likehelpful

Has anyone braved the gym since it reopened out here in SoCal? What are your experiences so far? Currently have LA Fitness since I don’t need much from my gym. But open to upgrade to Equinox if it’s safer/more sanitary.

like

My professional life at the moment is far from ideal. I’ve been on quarantine (long story, but a good one) for the last seven years. Royalties from my books don’t pay the bills. My entrepreneurial pursuits remain hampered. For the interim, I’ve been looking for a remote opportunity where I can leverage my skills in marketing, sales, social media, and elsewhere for a decent sum. I have a social media presence which, in recent years, reached millions. There has to be something exciting I can do.

like

You are rich and have everything you need. You have 2 young kids and just turning 40. Your wife is throwing a fancy birthday party for you. What birthday gift will be meaningful to you? Budget is $150. Thank you!!

likehelpful

Is 25 mbps slow for internet?

like

Faking it until I make it

Post Photo
like

Who is excited about the finale of the mandalorian?

like

For rock climbers: how long did it take you to break into the climbing community at your local gym? Trying to get more involved but not sure what to expect as a beginner

like

my agency asked what i can use to make working from home for the next 9 months. i already have a comfortable desk and good headphones and my chair and monitor from the office. what are good things to ask for that would make working from home better? maybe a printer?

like

Any book recommendations? Mid 20s interested in health, neuropsychology, finance, leadership, and Christianity

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal