Quote:
Originally Posted by Germanauto
Even on a Physician salary, the nicer part of Los Angeles are unaffordable to me. I'll have to rent for years and find a spouse in a similar profession to afford a decent home. And it's not even like the homes are remotely nice for under $3 million. Most are under 2000-3000 sq ft without a yard with a view of a dumpster and built in some old neighborhood. I could always do southern Orange County (besides Newport/Laguna) but it's pretty boring out there until you have a family.
Home prices are ridiculous. Something's wrong when even people in the highest earning professions in the country are priced out!
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Great for the auto industry though.
"Can't afford a house; fuck it. Might as well get a new BMW. What difference does a $1,000 / month car payment make if any mortgage is gonna be $5,000 / month?"
I think I've gone through...let's see...10 vehicles in almost as many years? 5 used, 5 new, no leases just buy low / resell as high as I can / take good care of them. At the end of the day it amounts to less than I'd pay for a lease.