Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Cars and Transportation
Reply to "People who make under $300k hhi: do you really have over $1000+ per mo in car payments?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I have been a trial attorney for a long time. One of the issues that I investigate during discovery relates to finances. I have met more people than I can count who have a $52k net HHI and pay more than $1k per month for their vehicle loan. First time I saw it was around 2010. I don’t get it. [/quote] When I graduated from college and got a job, I remember being told that my rent should be no more than 30% of my gross income. But I don’t remember being told about car costs. I think the guideline is no more than 10%. Sometimes people get stuck with bad loans and have no public transportation options. Others count their car as part of their image and are inelastic on price. I posted the nytimes article earlier - it’s not surprising that people opt to live in their cars because of all the costs. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
