GT-R owner------Occupation ?
The guy that we refer to in our arguments didn't come across to me as a braggart; he seemed to merely be offering some advice to those stuck in the 9-5 and wanting more out of life. Rather than recognize that, you seemed to just want to make fun of and attack him for whatever reason; hence the nature of my somewhat hostile reply. Anyhow, congratulations on your success based off of working smarter instead of harder. I suppose that, in essence, is what the original poster of this thread really wanted to know anyhow.
His assumptions/representations about the values of the properties and their increases in value are enough for most states to pull a Realtor's license.
I have also invested in RE.... I am 25 and still live at home ( because I can ) I am still currently working in my 9-5 job ( not anything close to 6 figures ) but instead of moving out into my purchase, its a rental unit... and am letting other people pay my mortgage for me. But for me that still works ( people can say what they choose ) but I am living pretty comfortably and by the time I choose to move out, I should have a pretty good start w/ my minimum income?!
To me (with my minimum knowledge of the political and economic crisis) to many people were not trying/ are trying to live the American dream but trying to live the American millionaires dream.
NOTE** I own a Z and not a GT-R
To me (with my minimum knowledge of the political and economic crisis) to many people were not trying/ are trying to live the American dream but trying to live the American millionaires dream.
NOTE** I own a Z and not a GT-R
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From: Portland, OR
My friend that owns a GT-R is a professional athlete. He competes in Track and Field, and is sponsored by Nike.
I do pretty well, but could not possibly consider a GT-R. A tend to agree that a 200k+ salary would be required. I have no debt other than my home loan (less than $1500/month). Cars, credit cards, etc. are all paid off. I am well over 6 figures, but it would be a huge stretch at this point.
I do pretty well, but could not possibly consider a GT-R. A tend to agree that a 200k+ salary would be required. I have no debt other than my home loan (less than $1500/month). Cars, credit cards, etc. are all paid off. I am well over 6 figures, but it would be a huge stretch at this point.
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From: Portland, OR
From one perspective, i make 50k a year, bought a brand new Z for 25k (half my income). If i made 150k, could i pay 75k for a car? I know it doesnt work like that....but wouldnt it be nice! I would only pay that for car if i had a house, no debt and made like 500k a year (which is the plan 
So in short, you would need to make a *lot* of money and have your finances very well organized before something like a GT-R would become a reasonable expense.
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From: Oceanside Ca
Cars are a total waste of money/not an investment. Unless you got extra money, buying an expensive car & your financial life taken care of, it is one of the last things you should do.
I hate posting in these threads but I just wanted to point out that there are numerous 350z owners on this forum who have dropped way more than a GTR's price tag on their car+mods. It doesn't take much income to own a 80K car. With a 20K down payment you're only looking at ~1200 a month for a 4 year loan. Some guy on here was paying 650 a month for a Z so I don't see it as too out of range for the average buyer earning 75K+ without too many living costs. What's more laughable is the people in that income range owning million dollar houses...
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From: michigan
I hate posting in these threads but I just wanted to point out that there are numerous 350z owners on this forum who have dropped way more than a GTR's price tag on their car+mods. It doesn't take much income to own a 80K car. With a 20K down payment you're only looking at ~1200 a month for a 4 year loan. Some guy on here was paying 650 a month for a Z so I don't see it as too out of range for the average buyer earning 75K+ without too many living costs. What's more laughable is the people in that income range owning million dollar houses...
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From: Palo Alto
All of the lawyers I know that make that kind of money are the owners of their own firm. If I really thought hard, I might be able to find 1 or 2 MD's or Esq.'s that make that money and are employees. I guess I don't honestly know everybody's income either, but I know a lot of them, due to my relationship with them. I know more attorneys than most ppl (my dad is one, but he made his money as an EVP, part owner) being that my company services a lot of law offices. Certainly the partners make really good money, but they are owners. I know dentists that are employees, but they make around $150k.
First years at big firms start at $160k in all major markets. In 2007, the market bonus for first years was ~$35k; in 2008, it was ~$17.5k. Base pay increases 10-15k each year. There are mid levels that make >$250k w/ bonus, while senior associates make more than $250k in base pay. These are employees we're talking about. Partner profits at big firms are in the $750k+ range.But there's no doubt firms make you work for that money
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I hate posting in these threads but I just wanted to point out that there are numerous 350z owners on this forum who have dropped way more than a GTR's price tag on their car+mods. It doesn't take much income to own a 80K car. With a 20K down payment you're only looking at ~1200 a month for a 4 year loan. Some guy on here was paying 650 a month for a Z so I don't see it as too out of range for the average buyer earning 75K+ without too many living costs. What's more laughable is the people in that income range owning million dollar houses...
Anyone making 80k shouldn't be dropping 20k on a vehicle and still have a $1200 note. It will actually be more than $1200 even after a 20k down payment BTW.
Last edited by dave079; Mar 27, 2009 at 06:36 AM.
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From: NY
I hate posting in these threads but I just wanted to point out that there are numerous 350z owners on this forum who have dropped way more than a GTR's price tag on their car+mods. It doesn't take much income to own a 80K car. With a 20K down payment you're only looking at ~1200 a month for a 4 year loan. Some guy on here was paying 650 a month for a Z so I don't see it as too out of range for the average buyer earning 75K+ without too many living costs. What's more laughable is the people in that income range owning million dollar houses...
Any idiot making 80k could pay for one, but it is stupid and they would have zero brains. We make close to double that combined and I still couldn't see myself spending $1200/mo on a vehicle. At 80k you can forget buying a decent house with a $1200 car note on top of putting 20k down on a vehicle on top of that. Savings is very important. I guess most peoples priorities just suck. Do you realize that even 100k/yr after taxes, 401k, savings, insurance, house note/rent isnt a whole lot?
Anyone making 80k shouldn't be dropping 20k on a vehicle and still have a $1200 note. It will actually be more than $1200 even after a 20k down payment BTW.
Anyone making 80k shouldn't be dropping 20k on a vehicle and still have a $1200 note. It will actually be more than $1200 even after a 20k down payment BTW.
anybody making 75k a year owning a car in that price range is an idiot. Sorry if that's any of you, but if it is....you're an idiot. You don't buy a car worth more than your annual salary. This is why the US is havign such huge problems right now because people do **** like that.
Good financial management would tell you that as your income increases, so could the cost of your vehicle. HOWEVER, it doesn't increase in a constant proportion. As your income increases, your car cost to income per year ratio should decrease. However, if your income is lower (using $50,000), a reliable mode of transportion like a Civic would cost be $18,000. However, you'd still buy it because a reliable car is a necessity so you don't have a choice.
I've seen threads and posts on a Corvette forum where this guy says "I make 30k/year, live in San Diego, and drive a 2008 C6." That guy is an idiot just like this guy who makes $75000 per year and drives a GTR.
I hate posting in these threads but I just wanted to point out that there are numerous 350z owners on this forum who have dropped way more than a GTR's price tag on their car+mods. It doesn't take much income to own a 80K car. With a 20K down payment you're only looking at ~1200 a month for a 4 year loan. Some guy on here was paying 650 a month for a Z so I don't see it as too out of range for the average buyer earning 75K+ without too many living costs. What's more laughable is the people in that income range owning million dollar houses...
Sadly, I am officially over the six-figure range into my Z.
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