[Joekerr]

Originally Posted by ASBSECU E93

It's ok - Canadians are used to being 2nd.....or 5th....

Apparently - they are thick skinned

We have to be...it is fricking cold up here.

[Joekerr]

Originally Posted by jtodd_fl

That doesn't mean that a gallon ceases to exist at the border. Do you guys do math there, or have you rejected that too?

(I fucking hate emoji's but that sounded super aggressive without one and I don't want to hurt any Canadian feelings.)

See... had to do it again...

But I and I and found that the equivalent price of a gallon would be $3.71 CAD

I restrained myself from the urge to you because I really wish we could stop and just be

[John 070]

Originally Posted by Mywifes335

That's why I stress. I'm not a 1%er... I think something like 7-8%, haha...which is a HUGE difference from 1%-ers. Just a regular working stiff.

I bet you that the 7-8% ballpark is where a lot of 3'ers are, i.e. the ones who own them and keep them indefinitely etc.....if we resorted to leasing we'd be in 7's and maybe 911's

sheesh my buddy is a 1%'er and he has a 2005 330i ZHP. Those folks are satisfied knowing they could have anything, although they care about what they are leaving to charity and heirs when they pass away. imho that's why they hold back.

[jtodd_fl]

Originally Posted by Joekerr

But I and I and found that the equivalent price of a gallon would be $3.71 CAD

I restrained myself from the urge to you because I really wish we could stop and just be

[jtodd_fl]

Originally Posted by John 070

I bet you that the 7-8% ballpark is where a lot of 3'ers are, i.e. the ones who own them and keep them indefinitely etc.....if we resorted to leasing we'd be in 7's and maybe 911's

sheesh my buddy is a 1%'er and he has a 2005 330i ZHP. Those folks are satisfied knowing they could have anything, although they care about what they are leaving to charity and heirs when they pass away. imho that's why they hold back.

1%er can be defined a couple of different ways, that are very different.

Top 1% in the US by INCOME: "only" about $450K per year
Top 1% in the US by NET WORTH:$8.4 Million

Lot's of group 1 are probably not in group 2.

[BigDog]

Originally Posted by Mywifes335

YMCA TLC - The Learning Circle in Summit, NJ. Incredible school.

Note: the tuition for infants is actually close to $1900/mo but it'll come down to $1700 then $1500 for pre-K, if I recall correctly.

Did you look at places like Kent Place or St Andrews?

Appreciate all your input!

[Mywifes335]

Originally Posted by BigDog

Did you look at places like Kent Place or St Andrews?

Appreciate all your input!

Sure thing!

We did, St Andrews was above our price range and Kent I thought was all girls. We also looked at a bunch of other schools like Montessori, Kindercare and Little Friends.

We found that TLC Summit has a really caring staff and they introduced academic concepts at an early age. The environment was also really nice. It had a warm family type vibe. Plus it's full day, every day.

Compared to our sons current pre-K he learned More at TLC.

[Mywifes335]

Originally Posted by John 070

I bet you that the 7-8% ballpark is where a lot of 3'ers are, i.e. the ones who own them and keep them indefinitely etc.....if we resorted to leasing we'd be in 7's and maybe 911's

sheesh my buddy is a 1%'er and he has a 2005 330i ZHP. Those folks are satisfied knowing they could have anything, although they care about what they are leaving to charity and heirs when they pass away. imho that's why they hold back.

A lot of 1%ers aren't car guys....

[jtodd_fl]

Originally Posted by Mywifes335

A lot of 1%ers aren't car guys....

Or even guys if they are driving a 10 y/o 330... pfft.

[Mywifes335]

Originally Posted by jtodd_fl

Or even guys if they are driving a 10 y/o 330... pfft.

My old boss has an old 330ZHP, lol. He's cool though. He's definitely a 1%er, but spends $ on different shit. Just bought a $1.25M home in LA suburb and last year a $30k piano.

$30k piano??! Used??!

[jtodd_fl]

Originally Posted by Mywifes335

My old boss has an old 330ZHP, lol. He's cool though. He's definitely a 1%er, but spends $ on different shit. Just bought a $1.25M home in LA suburb and last year a $30k piano.

$30k piano??! Used??!

I know... obvious troll was obvious. What an idiot though... he could have put a downpayment on a watch with $30K.... like a real fiscally smart man.

[atxgt3]

Originally Posted by jtodd_fl

I know... obvious troll was obvious. What an idiot though... he could have put a downpayment on a watch with $30K.... like a real fiscally smart man.

Actually if you buy them right watches can be decent investments or at least not lose much value. Not so easy for cars!

[John 070]

Originally Posted by jtodd_fl

1%er can be defined a couple of different ways, that are very different.

Top 1% in the US by INCOME: "only" about $450K per year
Top 1% in the US by NET WORTH:$8.4 Million

Lot's of group 1 are probably not in group 2.

That's exactly right.....I've seen the arguments and will concur actually that it's tough to get by on a $2xx,xxx income when you have >0 kids....

The thing that did surprise me is kids who don't want to work starting at 70k. It is above average but I could see it doesn't lead to Gallardos or anything like that...

[John 070]

Originally Posted by atxgt3

Actually if you buy them right watches can be decent investments or at least not lose much value. Not so easy for cars!

I always wanted the 007 Seamaster. I could swear the price for a gray market with #'s intact has doubled since 2006 when I first looked. In 10 years.

[atxgt3]

Originally Posted by John 070

I always wanted the 007 Seamaster. I could swear the price for a gray market with #'s intact has doubled since 2006 when I first looked. In 10 years.

Yep! It's like that with lots of watches. I've made money on most of the ones I've sold.

[Mywifes335]

Originally Posted by atxgt3

Actually if you buy them right watches can be decent investments or at least not lose much value. Not so easy for cars!

My wife and decided to do 2 things:

Buy more homes in near-hotspot neighborhoods catering to young professionals and also buy relatively cheap cars that will appreciate in value a long time from now.

Next house- townhouse in the city of Dallas
Next car- S2000 or Dodge Challenger RT/SRT

Ok, the townhouse is realistic. Already have a rental income model set up and it's been great, so looking to expand on that.

The collectible cars...that's down the road.

My favorite example was my 1987 325is. Bought it in 2003 for $1000, fixed it up and sold it for $5500. Today the same car is worth $10k.

[jtodd_fl]

Originally Posted by atxgt3

Actually if you buy them right watches can be decent investments or at least not lose much value. Not so easy for cars!

For real. The thing is, they are expensive to park money in for long periods of time. I have the aforementioned 007 Seamaster (the one he wore, not the one with all the logos all over it). Yeah, after wearing it (and servicing it) for 17 years, it is worth more now than it was then. I have a few other pieces that will hold value WAY better than cars (especially ones comparably priced). But to MAKE money with watches, you have to have a shit pile of money to start, because many will break even and only a few "unicorns" (God, sorry) will make you any real money. It is an already-rich person's "investment" vehicle.

[infamousdiz]

Originally Posted by Mywifes335

My old boss has an old 330ZHP, lol. He's cool though. He's definitely a 1%er, but spends $ on different shit. Just bought a $1.25M home in LA suburb and last year a $30k piano.

$30k piano??! Used??!

1.25 in LA is an average home, and 30K for a piano below average if you are talking about a steinway, good thing though they keep their value

[Mywifes335]

Originally Posted by infamousdiz

1.25 in LA is an average home, and 30K for a piano below average if you are talking about a steinway, good thing though they keep their value

Yup. Exactly why earning $400k/year (1% ers) on the coasts is pretty much "average".

[atxgt3]

Originally Posted by Mywifes335

Yup. Exactly why earning $400k/year (1% ers) on the coasts is pretty much "average".

Look at statistics for the highest average and median incomes in the nation by city and you'll see how not average $400k is.

[Mywifes335]

Originally Posted by atxgt3

Look at statistics for the highest average and median incomes in the nation by city and you'll see how not average $400k is.

Not here to troll...

In response to the $1.25M home being average in LA...which it is. It's a decently-sized home but definitely not MTV Cribs worthy. In fact, it looks like an average house.

I realize the stats indicate much lower. Then my question becomes where and how do people live on 1/2 that income or less in NY, North Jersey, LA, SF, Chicago and Boston?

Live in an apartment with 2 kids? Drive 1 car? Have no savings? Eat frugally? Before the torches and pitchforks come out...realize that in NY, to buy a 700 sq ft apartment in Manhattan is $1M. The mortgage on that home, assuming 20% down, is $3800. Add in maintenance, you're at $5000 easy. You're not leaving much to spend on anything else. But let's go through the exercise:

Mortgage $3800
Condo maintenance fees: $1000
Utilities: $400
Garage rental (1 car): $500-$600+
Daycare (1 kid, assume 1 kid in school): $2000
Car payment (1 car, incl insurance): $750 ($500 lease/finance payment, $250/mo insurance)

This doesn't include food, health insurance, savings, entertainment, vacations, etc.

You're already at an annual gross of $225k.

[ASBSECU E93]

Originally Posted by Joekerr

But I and I and found that the equivalent price of a gallon would be $3.71 CAD

I restrained myself from the urge to you because I really wish we could stop and just be

Yet - another reason to move to 'Merika.