fiddy millions
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It's in the 50s here today, I'm getting tempted. The level of intellgence around this place drops daily while the number of surfers & wanna be "webmasters" continues to climb. Surely my time would be better spent on a twisty road somewhere.Originally posted by MinteWhile you guys argue about it..The sun is shining,the roads are clean..and I have a bunch of new music loaded on the IPOD..so I will enjoy the day and take my Lamborghini out for a cruise.
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Wow sorry.Originally posted by PBucksJohn
I didnt mean for it to come off insulting. I thought i was asking a question.
I just wanted to know if overall living costs in NJ were cheaper than NY. Sorry man.Care about me?
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Me!
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LOL, just sick of the typical NY'ers who come to our malls on a daily basis and bitch about NJ. It's a touchy subjectOriginally posted by Alex
As I said, obviously Manhattan is quite expensive. NY is very broad tho and there are very shitty areas and decent cheaper areas and of course very expensive areas. Jersey is just as diverse having areas at all cost of living levels.
I mentioned it becuase I know he's down south and the insurance costs up here are higher than where he's at I'm pretty sure. As far as car insurance between NY & NJ I'm not sure but I'd imagine they're relatively similiar.Comment
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Originally posted by Rinaldo
A brand new murcielago goes for about 2500/mo leased.Comment
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I have an Unlce in NJ. In Marlboro. He says that it is a rich area, and it is sorrounded by other rich cities. But he said that he just bought a house for like 400k.Originally posted by PBucksJohnLOL, just sick of the typical NY'ers who come to our malls on a daily basis and bitch about NJ. It's a touchy subject
As I said, obviously Manhattan is quite expensive. NY is very broad tho and there are very shitty areas and decent cheaper areas and of course very expensive areas. Jersey is just as diverse having areas at all cost of living levels.
I mentioned it becuase I know he's down south and the insurance costs up here are higher than where he's at I'm pretty sure. As far as car insurance between NY & NJ I'm not sure but I'd imagine they're relatively similiar.
And i am comparing to California, where 400k would get you a decent house, but in not the best area. That was the reason why i asked if the living costs were relativley cheaper than NY.Care about me?
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Me!
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I'm in Manalapan, which borders Marlboro. $400k buys you a larger townhouse or is the entry price point for a house in Manalapan/Marlboro. You're not going to find a decent single family house for under $400k. An average 3000sqft single family will run you 600k or so. New contruction 5000sqft will run you just under $1mil and there are a lot of 7 figure homes also.Originally posted by Alex
It is a wealthy/high income area however there are areas of North Jersey (Upper Saddle River for instance) which are much more expensive.Last edited by TMM_John; 12-23-2005, 10:14 AM.Comment
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Well he bought it like 3-4 years back.Originally posted by PBucksJohn
Thats still pretty cheap, compared to prices here.Care about me?
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Me!
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I dated a guy who lived in River Edge and grew up in HoHoKus NJ. Driving around that area (and Upper Saddle River) and looking at property just blew away a girl from the south. He had a crappy townhome he paid over $300K for and that was 10+ years ago.
But back to the argument - walk into a dealership, fill out the paperwork and they will let you know if you can afford a Lambo or not ;)Comment
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Yes, CA has some silly home prices, no doubt about it. I don't judge a person's wealth by home as much as most people do. I know people living in expensive homes with interest only mortgages or living week to week and having no furniture. Then there are people living in modest homes very comfortably. Then you have people who bought a home 20 years ago for $80k that is worth $1.5mil today which they could never afford if they needed to buy it today. They suck all the equity out, blow it on this and that, and wind up a financial mess. Home value alone is not the greatest indicator of wealth.Originally posted by AlexComment
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No one thing can be an idicator. But here in CA, if you recently bought a home, with the inflated prices, it does show financial stability, assuming your whole paycheck doesnt go to your mortgageOriginally posted by PBucksJohnCare about me?
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Me!
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Not necessarily. There are interest only and overnight borrowing interest rate adjustable mortgages with ridiculously low rates. Buying a home there with 20% down on a 30 year fixed would be an indicator of good stability, but as you said, their entire paycheck could still be going to it. There's too many factors and with the way home prices nationwide have gone up the past 5-10 years the mortgage industry has had to get very creative to keep pumping out mortgages. It's going to be a disaster for a lot of people in a few years if there is a big adjustment in home prices. And a real estate field day for those who are more conservative with their money.Originally posted by AlexComment
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Did you get out there PBucksJohn? I just got back from a fabulous run out on the backroads.The Gallardo really likes the cold air.You owe it to yourself to hear the sound of that engine again when it hits about 7k...
You might not be as anonymous as you think you are.Comment
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Originally posted by Shok
Taxes???Comment
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Outch...Originally posted by Shok
Looks like you took the cock though
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the only reason anyone needs a lambo in todays day and age, is so that they can get on GFY and brag about it.PornGuy skype me pornguy_epic
AmateurDough The Hottes Shemales online!
TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!Comment
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I thought that's what BIG post count is for?Originally posted by pornguyYou might not be as anonymous as you think you are.Comment
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hmm, don't forget taxes (take away 35% of that 80k right there), health insurance (assuming its not covered by your employer), gas to put in your lambo, repairs, and other things. those things don't come cheap on a high-end car. also, why would you lease a lambo, when you are renting a house (unless that individual is a complete moron). i havent't given too much thought, but one could probably think of numerous other things that are necessities that there money goes to...Originally posted by Shok
If a lambo was truly affordable at 80k/year, you would see a lot more lambos on the road.Last edited by Biggy2; 12-23-2005, 01:37 PM.Comment
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There are a LOT of people who make quite a lot more than $80K a year who would never dream of buying one, lol!Originally posted by Biggy2Comment
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Most Excellent ideaOriginally posted by MinteWhile you guys argue about it..The sun is shining,the roads are clean..and I have a bunch of new music loaded on the IPOD..so I will enjoy the day and take my Lamborghini out for a cruise.
FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX
For promo opps contact jfk at fubarwebmasters dot comComment
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I'm a one man operation making $400k+ and I wouldnt consider buying one.
But then again, I'm more into bikes and 4x4 trucks.Comment
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300k / year passiveComment
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the car you buy should be worth about or less what you make per year. Thats why most people drive $20k to $40k range cars..
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This is not the same as almost no one has this car as their only car. It is more of a toy. I doubt many people under 400k a year own one.Originally posted by MrJackMeHoff
And the kid who thinks 60-80 is making 10k a year as he ignores the 40% tax bite you would hit with in that income bracket.Comment
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ssssh uncle sam is watchingOriginally posted by MrPheerComment
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Originally posted by PBucksJohn60k - 80k
I was about to say, but ya beat me to it! haha If that was that case... I could have bought 4 this year.. haha
I past 300k and still would have not wanted to bitw one of those off. haha
Thats some funny shit right there. I guess if one wanted to live in it and not eat, sure, you could do it on 80k
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my cars together are about 15% of my annual income.Comment
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This is the most retarded thread I have ever read. I can't beleive someone would say you only need to make 60-80k a year to lease/buy a lambo. I don't know how much you make but here in STL 60K a year isn't shit. With a 1k a month minimum in housing and everything else that you would need there is no way you could afford a 500 dollar a month car payment. Besides you need to have 60-80k a year just to pay for the lambo and it's expenses. A 50K car costs roughly 1000 a month at a good interest rate. So do the math and you will see that it would cost rediculous amounts to afford a Lambo. I say you are a moron if you buy one without making mid 6 figures.Comment
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Remember that a lambo also cannot be your every day car. It isn't practical to take it everywhere (and the repair bills would kill you if you ran so many miles on it). So you are looking at having maybe an M3 or M5 as a daily driver... so push that number closer to 200k... assuming you haven't just also bought the pimp pad on a mortgage.
AlexComment
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Some of you are on CRACK ...
a 2002 Z06 purchased at retail (think it was 56,500) came out to $1600 a month payments with 0% APR for 3 years.. Add in interest, make it a 5 year loan and a $56,000 car will run you about $800 a month. Assuming you are talking about buying a new lambo you are looking at a 1/4 of a million dollar car... $200K minimum. Let's go with $200K
You're looking at at least $3,000 a month for a car payment.. Lease payment you are looking at pry $25K down and about $2250 a month - They don't lease lambo's easily either.
To live in a pure shit apartment, with utilities.. no cable .. just water and electricity.. Atleast $800 a month ... Insurance for the Lambo - atleast $750 a month
$1550 + $2250 = $3800/month to drive a lmbo and live in a shit apartment without any cable, internet connection, etc... Assuming you can get by one $100 a month for food... Makes it $3900 a month ... You are also looking at about $100 a week for gas so $4,000 a month after taxes to LEASE a lambo in a super shitty apartment without net access and $100 a week to eat off of
They say a REASONABLE amount of your money to go towards a hosue payment is 33% - anything above that you are living beyond your means. So for a normal lifestyle with that lambo and rent payment you technically need to make let's say roughly $600 for rent and roughly $2250 for car ... $2850 X 3 = $6750 a month
And this is if you want to be in a shitty apartment driving a lambo - lol
Why Am I rambling so much? I don't know...
Anyone driving a lambo who doens't have all of the below
A) House worth atleast 1/3 of a million dollars paid off for
B) At least one other 'family' or 'sedan' type of vehicle paid off
C) At least $250,000 retirement account
D) At least $250K in other liquid assets
E) Steady Monthly income of at least $30K
Will be broke in a matter of years.. I learned about money management the hard way. I doubt you will find many (if any) lambo owners who aren't in at least the above financial shape... Or have rich parents or husbands who pay everything for them (btw the wrich parents will well exceed the above criteria)..
What's hilarious though, is many of you really would try to get a lambo to show how big your dick was if you came across $200K a year in steady income I mde those 'sort of' mistakes and although the lesson cost me my ass - If I ever do well again, I will be set for life this time around
ICQ : 253483920
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This thread is amusing. If you don't have more than a million is liquid assests and a nice 6 fig net income (min), don't buy a lambo or any non daily driver for over 200k for that matter. If you buy one anyways, move to Scottsdale, you'll fit in perfectly
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BTW - Making $40K a year ... It's a struggle to pay a $1,000 a month house payment with proeprty taxes included, pay regular every day bills, and that's it.. I do ahve one child and a girlfriend who makes $1500 a month whp pays her own car payment etc..
I don't have a car payment... Those of you who are thinking even $100K could get you a car like that have never owned a house nor dealt with the type of 'ever day' expenses that come up in life on a monthly basis you didnt' expect to run into.ICQ : 253483920
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I have a perfect driving record and i pay $325 a month on a G35. Where the fuck are you getting insurance quotes from ? Montana?Originally posted by Shok
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Im single, make over 80k a year, and I already think 20k for a car is alot already let alone 80k wtf... I am cheap as fuck, I try and save every fucken penny I make, I count every fucken dollar, I also gotta pay fucken taxes too.Originally posted by Shok
The cheaper the better... I would not spend 80k on a car unless I was a millionaire... trust me I count every fucken penny...
I make over 80k and I have no problem driving a used car under 10k...
I would be afraid getting car jacked and getting shot driving such an expensive car...Comment
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I prefer to own a car for up to 3-6 months net profit, not more. But its just me.
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That is commie talk here in the US. Get some debt anf go for it.Originally posted by andrej_NDCI prefer to own a car for up to 3-6 months net profit, not more. But its just me.Comment
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haha are you kidding me? why on earth would someone spend 1/4 of their income on leasing a exotic car? then they have to pay high insurance on top of that.Originally posted by ShokI host with VacaresComment
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Im living just fine with my 5 series, no need to go for more atm.Originally posted by slapass
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is the thing to do in scottsdale to overextend yourself?Originally posted by pimppornThis thread is amusing. If you don't have more than a million is liquid assests and a nice 6 fig net income (min), don't buy a lambo or any non daily driver for over 200k for that matter. If you buy one anyways, move to Scottsdale, you'll fit in perfectlyComment
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I would phrase the question differently: How much assets do I need to have producing passive income that would justify the cost of rewarding myself with a Lambo? Of course, this assumes I already have retirement funds stashed away to guarantee a set fixed income for my retirement years.
The numbers will probably vary based on people's values and income/net worth trajectories. Personally, I'd never buy a Lambo, I'd rather put all my 'extra' wealth into founding a free school to help street children from the Philippines get a world-class education. Seeing them go on to get good jobs, lift themselves up from chronic poverty, develop intergenerational values that will reduce the chance of poverty, and provide for their families will probably give me more satisfaction than riding a Lambo. But that's just me. Everyone's different and I respect that.Comment
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such threads are the only thing i am missing since I almost quit GFY
I don't use ICQ anymore.Comment
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You are clueless and will always be a broke ass bitch if you think this way. 80k is a fucking joke whether you are single or married.Originally posted by ShokWe are what we repeatedly do.-AristotleComment
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What a fucking tool. Dude, do you know anything about anything or do you just like to see your name in print? Maybe your just high or something.Originally posted by Alex
I swear you are the most ignorant mother fucker on the board. Have you seen his house? haha! Clueless fuck!
I live in Bloodfield HIlls, Mich! Go look that up and find out what i have moron! hahaLast edited by Shooting_Maniac1; 12-25-2005, 07:36 AM.Comment
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Depends on the price of that Lambo I guess. I would at least need my annual income to match the price tag.
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omg LOL!Comment
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if you have to even ask the question, you shouldnt even consider buying it, if you arent a millionaire then why drive around in a lambo? to look cool? i'm not sure some of you peoples thought process.
dont play the role unless you are the role.
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Lots of people live on credit here. Mostly new money. Hence, the trophy wives and shit people really can't afford.Originally posted by bigdogComment
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i think you'd need to make $150K a year to pay for a lambo and pay all your other bills and not be worried about having enough cash.
someone else posted similar figures above in the thread - i've seen a dealer here in LA offer 10% down and around $1600 per month for a $150K ferrari/lambo. payments are on a 12 year schedule at 8.5% interest. so no question if you want one, its affordable on $150K a year. personal choice is that is the best use of your $$.
as to insurance, my friend has a 2003 Escalade and a 2000 Ferrari 360 and pays $3800 a year here in LA with AAA.
insurance rates can be weird - i pay over $2,000 for my Jag XJR with 370 HP. i've been looking at getting a SL500 and a SL55 and its only $200 each extra per year to step up to each model listed above. so i can insure a $90K car for only $400 more per year than my Jag which is worth no where near $90K.Comment
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2nd, if you wanna buy it, but I think he's talking about leasing. But I have no clue how much you have to pay for a leased lambo...Originally posted by FrankWhiteIf lesbian anal is wrong, I don't want to be right.Comment
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sounds goodOriginally posted by MetaMan
dont play the role unless you are the role.
I don't use ICQ anymore.Comment
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