Anonymous gross income poll of M3 reservation holders

[YellyYeti]

My household is most definitely off the end of the poll, and a M3 will be a stretch and the most expensive car we've had by a decent margin....

I think that Gross Income can be very deceptive - here in the Seattle area daycare (per child) costs more than mortgages in most of the country. I'd imagine that's true in coastal Cali as well. That's not to mention that the median home price hit 880k last summer.

May I ask what daycare prices are in your area? Our need for daycare has passed, but last I looked full time infant rates were $250 per week here in Central Florida.

 

[DarthPierce]

May I ask what daycare prices are in your area? Our need for daycare has passed, but last I looked full time infant rates were $250 per week here in Central Florida.

Full time infant rates here are over 2k monthly, I've seen as high as 3k. It's very, very difficult to get openings at the near 2k places, you need to be on the waitlist before you're pregnant.

 

[Gtosnipey]

Omg you are all rich! lol. I wish there was a way we could have included ages with the salaries too. Either way this forum is balling

 

[powertoold]

$100k+ in the Bay Area / NYC is like $50k elsewhere lol.

 

[voip-ninja]

Lol, you're right. In our industry in LA, we start college grads at $160k and they still refuse. They all wanna join Apple, Google, FB, or startups. Can't compelete with tech giants. Also, 160k is nothing here. Middle class.

Median income in the greater LA area is $55,000....

So, no.

Cost of living is higher, but there are plenty of calculators to compare cost of living and even in extremely high cost of living areas like NYC and San Francisco, it's not 3X higher than in other US cities.

 

[run-the-joules]

Full time infant rates here are over 2k monthly, I've seen as high as 3k. It's very, very difficult to get openings at the near 2k places, you need to be on the waitlist before you're pregnant.

More than anything else, this thread seems to confirm that children are almost completely downsides.

 

[Trips]

I thought I was an average Model 3 buyer but I guess I'm in the bottom 20% income wise. With no kids and a reasonable house payment of $1,300/month for a 2,800 sqft new house that really helps. I don't know how some parents or high home value area's survive on less than $100k based on some of their costs.

 

[geometro]

Would it surprise you learn that households with incomes around 50k are buying cars that cost about half that amount ?
Or that my rural area that has a median income below $40k is awash with trucks and SUVs ?

Gotta love the American consumer!

 

[insaneoctane]

Lol, you're right. In our industry in LA, we start college grads at $160k and they still refuse. They all wanna join Apple, Google, FB, or startups. Can't compelete with tech giants. Also, 160k is nothing here. Middle class.

Which industry is that? Maybe I'll steer my kids that way!

 

[Dan Detweiler]

Location, location, location...

In Georgia you can buy a 2000 square foot home on 2+ acres for around $100,000. What would that cost in California?

Dan

 

[geometro]

Location, location, location...

In Georgia you can buy a 2000 square foot home on 2+ acres for around $100,000. What would that cost in California?

Dan

Atlanta is different from Macon, just like Fresno is different from San Francisco.

Can’t generalize a state.

 

[206er]

Location, location, location...

In Georgia you can buy a 2000 square foot home on 2+ acres for around $100,000. What would that cost in California?

Dan

Not sure about Cali, but a 2k sqft place in Seattle proper could easily fetch $1M or more. Amazon, great quality of life, and super low supply v. super high demand continue to drive prices nuts in our area.

We were lucky to win a bidding war for our 1500 sqft townhome 4 years ago, definitely couldn’t afford it if we were buying today.

 

[Jayc]

We are more likely to see exaggerated claims unless it is the taxman asking in which case it will probably be half the actual earnings. At the end, it is just a bunch of numbers, right?

 

[Dan Detweiler]

Atlanta is different from Macon, just like Fresno is different from San Francisco.

Can’t generalize a state.

True, but then again...

location, location, location...

Dan

 

[SageBrush]

Gotta love the American consumer!

The point is that people stretching to buy a Tesla are no different than the populace at large in terms of their money management; though at least they are making a smarter car choice

 

[Phrixotrichus]

The point is that people stretching to buy a Tesla are no different than the populace at large in terms of their money management; though at least they are making a smarter car choice

The car-loan boom isn’t the housing bubble. But there still might be a crash

Nothing about stretching your finances for any form of consumption is smart.

 

[jbcarioca]

The car-loan boom isn’t the housing bubble. But there still might be a crash

Nothing about stretching your finances for any form of consumption is smart.

True. Every decade or more when a new generation is making lending decisions, they repeat the same mistakes of the past.

 

[K-MTG]

Location, location, location...

In Georgia you can buy a 2000 square foot home on 2+ acres for around $100,000. What would that cost in California?

Dan

You can get a 600 square foot apartment in Irvine for $400k

 

[SageBrush]

The car-loan boom isn’t the housing bubble. But there still might be a crash

Nothing about stretching your finances for any form of consumption is smart.

An EV is not just consumption, but I can see from your posts that you have not caught on yet.

 

[Phrixotrichus]

An EV is not just consumption, but I can see from your posts that you have not caught on yet.

When we get to the point where all cars have mini-fusion engines that power our houses we can talk again...until then a car (ice and ev) is just another thing you put money, time and energy into and then toss away once it`s gotten old. Just because EVs are theoretically more efficient doesn`t make them any less consumer products.....