are you drinking $17 cups of coffee every day?? Must be pouring maple wood smoked bourbon in your hot bean waterSince I have all this time on my hands waiting for word that production has started, I am constantly looking at B&P thinking, maybe I should not get a BL and go with a loaded BD? Then I look at the price difference and break it down per year, per month, per day, and tell myself "wait a minute, a BL is only the cost of a cup of coffee each day! I can do that!"
Is that genius or what?
I think that's relative to a lot of young ppl these days.Curiosity from an old retired guy, what do young single people consider "GOOD MONEY" these days?
There are many other factors, some of them are exogenous.Yeah but the loan is originated at a point in time and doesn't inflate. I'm not paying off 2027 dollars in 2027, I'm paying of 2021 dollars. If I borrow $10000 in 2021, my equivalent income in 2027 is higher from COLA/inflation adjustments, but that $10000 is still the same $10000. I'm no expert, just spit balling here. :Shrug
This would be a good poll to post.I think that's relative to a lot of young ppl these days.
One of my friend groups is clearing 300-400k from one or two sources of income and we consider that to be GOOD money at this time. (We are all in Enterprise tech sales/IT)
Another friend group is in the 100-150k range and they are very happy as well.
It's very subjective I'll admit. We live in DC/Northern VA where COL is absurd. So clearing anything over maybe 200k is considered good money here.
What, like no one else does this with Excel when they buy a car?You should see the excel sheet I designed to help me make sense of all this stuff. Taking into account MSRP, total price, interest rates, calculations for different down payments, adjustments per month from my salary, its ridiculous. Long story short the difference in price today long term is negligible as long as you can justify having it.