Are People getting immuned to high prices?

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I'm still totally unperturbed by the cost of living and Gas prices here, I'm still paying less for Gas in Irvine right now than I was 20 years ago in the UK....even then it would cost me 40 pounds to fill my Jaguar which is around $80.



Gas over there is above $9 per gallon over there now...I think the problem is they use Petrol over there, they should start using Gas like we do....



In fact, I asked my Wife where She would like to go tonight and she replied "Somewhere expensive" so I took her to our local Chevron Gas Station :-S
 
[quote author="vicstah" date=1212241638]Dude, you are so gonna get it... :)</blockquote>


ugh, I know, I'm cruising for a bruising :shut:
 
I don't want to start a new debate in this thread, but gas is more expensive in Europe because of taxes.



24, keep in mind your monthly housing cost won't increase, but your salary will. Starting at 33% might seem high, but it will drop to less than 30% pretty fast. One thing to consider is if you will have children or other expenses in the future.



I drove in Orchard Hills, there is a very nice park up there, very nice for people living in Northwood. Not sure what will be built by the time I want to buy, but it will be something very interesting to consider.
 
Panda, the rules of thumbs are 28% of gross on housing and 36% of gross on debt (college debts, housing, cars, credit cards, ...). This should leave enough to put 10% aside for retirement and still live comfortably. Another rule of thumb is to buy a home 4 times your salary with 20% down. These two calculations should get to similar results, but taxes, HOA, PMI, interest rate, mello-roos, insurance and other things can tweak the results.



Homes are still unaffordable if you compare salary to house price. Wait and see.





Roo, is the sub association and master association included in this 28% of your gross number. Including HOA will make my monthly payments $3750 per month and $3450 without the HOA, but including TAX/Mellos, Principal, Interest, and Insurance. So to buy in a newer area like PS and WB, it seems that you will need a gross household income of $150,000 to comfortably afford a $417,000 loan. It is just amazing how much these expensive HOA and Melroos Taxes skew the numbers. Even if you owned the house free and clear your payments are $1250 every month. Unbelieveable.
 
Tax, Mello-Roos, Insurance, and so on are all part of the carrying cost of woning a home, so it would be included in the 28%.
 
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