wheelsup
Well-Known Member
Absolutely. I never said don't take a risk.My "system" is definately more risky but it takes risk to make money, IMO.
Keep in mind, I am presently renting and probably will be for a long time with my low income
.
2004 v. 2006 for pilots
- Thread starter meritflyer
- Start date
Keep in mind, I am presently renting and probably will be for a long time with my low income
.
And if the housing market tanks in your area, you'll never get back the money you spent on the house.....at least most of it.....
meritflyer
Well-Known Member
Not at all....It all depends on how long you are going to be somewhere....
As an example, I have been in my TH for about 4 years. Paid 180k, could have sold a couple of years ago for 215k-220k. If I was to try and sell now, I'd be lucky to get 190k. While 10k is a nice amount to make, If I was going to sell now, I would have been better of renting over the past 4 years.
If I didn't have two kids I would still be renting.....
I could put the extra $$$ to better use.
desertdog71
Girthy Member
You paid a buck 80 for a Townhome? What does that old guy on Raymond say?? HOLY CRAP!!!
Captain_Bob
Well-Known Member
If I recall...
That can be reduced if you went to AFROTC... the 4 years in that program is considered "time served". Or maybe it's from the last 2 years of the program when you "got your slot"... can't remember specifically... but there's a credit in there somewhere.
Bob
Yep, 3br 1600sq. ft (it was a new TH, if that matters)
Good area, good schools, but a 3br single-family home that wasn't built before 1950 (nothing wrong with that) in out area is a min. $375k-$400k. Homey can't play that.......
desertdog71
Girthy Member
Yep, $89k for the house in your snow pics? That house in my area would easily be $400k.....$89k would not buy much more than a 1br, 700sq ft,TH/apt type unit built in the late 60's.........with a detached single car garage.......
frog_flyer
FredFlyer
Negative.
Time starts when you commission (unless you're prior E)
your 10 years starts tickin when you wing. (approx 18 months after commissioning)
You can always pray to your God to get VSP or Palace Chase approved!
Navy is 8 years.
desertdog71
Girthy Member
2788sq ft.....Let me change my area price to $500k:insane:
desertdog71
Girthy Member
Captain_Bob
Well-Known Member
Roger Dodger...
I guess that's true then for the time required for a pilot/nav slot now... I was just remembering when I went through back in '88 the commitment was only 8 years ( I actually want to say it was 6)... didn't realize it was 10 now. Yeah... I'm a geezer...
The ROTC time does count toward time in service for retirement though right?
Maybe that's what I was thinking...
Bob
Maximilian_Jenius
Super User
Status symbols are that important to you bro??? Whatever it's your money. But timeshares have always been a stupid idea to me. To pay on something every year just so you can use it for a week maybe two.
I'd like to think that I am above personal validation. What is a $350k car going to do for me? Nothing but probably attract the wrong crowd toward me. Cars depreciate in value not appreciate. If I were to win $50 million dollars tomorrow I'd buy three maybe four cars.
1.) 07 Honda Civic Si coupe $23k. 2.) 07 Nissan 350Z Track model $40k. 3.) 07 BMW M6 $85k and maybe a 07 Mitsubishi Eclipse GT $30k. Personally paying $85k for a car is utterly ridiculous. But I love that car.
A $350k car isn't going to make me a better person, likewise living in a 5000-10,000 sq. ft. houses isn't either. Personal satisfaction for me would be that I succeed at my life goals and that I make a decent or ammount of money every year. That will be enough for me. And I'll have more money in the bank then you or anyone else foolish enough to try to compete with the Hilton's or Richie's of the world.
I can conceptualize with all of your valid points. My "system" is definately more risky but it takes risk to make money, IMO.
However, some think "risk" shouldn't correspond to "more money".
typhoonpilot
Well-Known Member
"Originally Posted by wheelsup
Yes, but the payrate quoted in 2004 was the original, pre-911 payrate, so the numbers above are correct.
My point was that in 2004, US Air pilots maybe were making $75/hr, but if I remember correctly they were making more then that prior to their first round of paycuts (or 9-11). By 2004, their payrate was already reduced (and then reduced again). But I'm not totally sure."
In late 2001 a 4th year 737 First Officer made about $110/hr. In May, 2002 there was a contractual raise that put it up to $131/hr. That contractual pay raise was the result of Delta's contract. The USAir contract had a parity plus 1% clause so when UAL and Delta got their big contracts in 2000 and 2001 the USAir pay rates skyrocketed. We knew that the May 2002 pay raise wouldn't last so for all practical purposes it is best to calculate the pay cut from the 2001 rates.
An airline pilot at a major carrier should be able to live a middle class lifestyle. To me that means he/she should make enough money to buy a nice 2500 to 3500 sq. ft. house in a middle class part of town. That he/she can afford two cars; to be able to comfortably put two kids through university; have a nice vacation once or twice per year; and not have to worry about retirement income and health care. Whatever that amount of money is today is the MINIMUM that an airline pilot should make.
Typhoonpilot
Yes, but the payrate quoted in 2004 was the original, pre-911 payrate, so the numbers above are correct.
My point was that in 2004, US Air pilots maybe were making $75/hr, but if I remember correctly they were making more then that prior to their first round of paycuts (or 9-11). By 2004, their payrate was already reduced (and then reduced again). But I'm not totally sure."
In late 2001 a 4th year 737 First Officer made about $110/hr. In May, 2002 there was a contractual raise that put it up to $131/hr. That contractual pay raise was the result of Delta's contract. The USAir contract had a parity plus 1% clause so when UAL and Delta got their big contracts in 2000 and 2001 the USAir pay rates skyrocketed. We knew that the May 2002 pay raise wouldn't last so for all practical purposes it is best to calculate the pay cut from the 2001 rates.
An airline pilot at a major carrier should be able to live a middle class lifestyle. To me that means he/she should make enough money to buy a nice 2500 to 3500 sq. ft. house in a middle class part of town. That he/she can afford two cars; to be able to comfortably put two kids through university; have a nice vacation once or twice per year; and not have to worry about retirement income and health care. Whatever that amount of money is today is the MINIMUM that an airline pilot should make.
Typhoonpilot
That must be a STUNNINGLY inefficient airline that holds you on duty for "a lot more than 160 hours" of duty to get 90-100 hours of flying in. Have you thought of changing jobs?
Oh - you're confused - you think duty is the same as being away from base. I've got news for you - there are a LOT of jobs where people spend a lot of time away from home - many of them drive because they can't afford an airline ticket (a lot of construction trades are itinerant), the rest are sitting in the back of your plane. There not all map, pa and kids going to see grandma you know.