Vehicle prices that make you say WTF?

[rockota]

I read an article last week that made my jaw drop. Over 30% of households making $150k+ are living paycheck to paycheck with no meaningful way to save money.

$150K annual income is the new working poor apparently. Madness.

That's barely above poverty level for a family of 4 in Palo Alto, CA

 

[CarterKraft]

I read an article last week that made my jaw drop. Over 30% of households making $150k+ are living paycheck to paycheck with no meaningful way to save money.

$150K annual income is the new working poor apparently. Madness.

You think those articles don't take adjust for geographical cost of living?
That would still be good money where I am at.

 

[Steve300xcw]

I would be sitting VERY comfy if I was making that

 

[Pike2350]

I read an article last week that made my jaw drop. Over 30% of households making $150k+ are living paycheck to paycheck with no meaningful way to save money.

$150K annual income is the new working poor apparently. Madness.

I call BS on this "statistic" Living paycheck to paycheck means they spent too much on many things. Sure it's paycheck to paycheck when you have $800-1k in car payments, $2500 house payment, $1k in student loan payback, $1200, childcare, etc.

Wife and I combined make just shy of $200k. We manage to save $1500/month (Not including 401k contributions at 8-10%). Anyone living paycheck to paycheck at $150k (outside very few metro areas) is doing it because they spent frivolously prior to getting to a $150k income.

Here, prices are dropping...but they are only coming off the already ridiculous pricing that has been going the past 2 years. It's like a Jeweler having a 50-75% off sale on stuff they already marked up 200%

Looks like the F150 Raptor or some other "upgrade" is the new WTF leader around here.

Ford F-150 | $178,776 | Park City, UT | KSL Cars

2023 Ford F-150 for sale in Park City, UT on KSL cars. View Ford F-150 and other new and used cars, trucks, and SUV’s for sale.

cars.ksl.com

Ford F-150 | $151,350 | West Valley City, UT | KSL Cars

2023 Ford F-150 for sale in West Valley City, UT on KSL cars. View Ford F-150 and other new and used cars, trucks, and SUV’s for sale.

cars.ksl.com

Ford F-150 | $94,495 | Layton, UT | KSL Cars

2022 Ford F-150 for sale in Layton, UT on KSL cars. View Ford F-150 and other new and used cars, trucks, and SUV’s for sale.

cars.ksl.com

 

[Levigarrett76]

Dont under estimate how many folks are house poor

 

[gunracer1]

going to look at a new 1500 gmc sierra this afternoon, says its 8k off msrp. i will see what kind of shit they try to add.

 

[westracing01]

I call BS on this "statistic" Living paycheck to paycheck means they spent too much on many things. Sure it's paycheck to paycheck when you have $800-1k in car payments, $2500 house payment, $1k in student loan payback, $1200, childcare, etc.

Wife and I combined make just shy of $200k. We manage to save $1500/month (Not including 401k contributions at 8-10%). Anyone living paycheck to paycheck at $150k (outside very few metro areas) is doing it because they spent frivolously prior to getting to a $150k income.

$2500 house payment is nothing. Ours is $2100 and it's not anything fancy in the least (15 year fixed at 2.75%.)

I wouldn't be so quick to brush aside $150k as working poor. It sounds ludicrous sure, but there is a massive difference between $150k in CT versus $150k in upstate rust belt NY for instance.

 

[MuntCuffin]

That's barely above poverty level for a family of 4 in Palo Alto, CA

Then move.

 

[MuntCuffin]

I read an article last week that made my jaw drop. Over 30% of households making $150k+ are living paycheck to paycheck with no meaningful way to save money.

$150K annual income is the new working poor apparently. Madness.

How many people build their "empire" on a foundation of debt?
"Yeah, I can make that monthly payment!"

 

[gunracer1]

Well the truck was sold, I'm thinking bait and switch bullshit.

 

[Southernfriedcj8]

I saw this in a dealer ad for a 2021 Ram 3500:

Disclaimer: Call to verify price as market changes frequently

 

[TRINDU]

Dont under estimate how many folks are house poor

It's not hard, a 400K note is $3000/m at today's rates. Add in property taxes, insurance, and utilities, and that's ~$50k a year out the door. a starter home is 400k in the suburbs, 500k for a crack house in Austin.

if you make $100k a year, take home is ~78k (in Texas).

That's ~$2300 a month for a vehicle/insurance, food, health insurance, entertainment and you're expected to somehow save money and not eat a bullet from being broke.

Six figures is a poor person today.

 

[bradp674]

When did these get so expensive? I knew they were a couple of 100k, but not three-quarter of a million dollars.

Never used! 180.5 miles with a 3-year warranty good until 2/11/25 Earth Roamer LTI 53. Vacuum-infused carbon fiber camper body, lithium-ion battery, bunk side windows, and raised ceiling height are all built on the Ford F-550.

Digital Electrical Control Systems
Increased Water Capacity
Increased Stand-Up Height
Lithium-Ion Battery Bank
Auto Charge Function
Lower Entry Step Massive Fuel and Water Tanks Heavy Duty Ford F-550 4WD Four Season, All-Weather Capable
Self-Sufficient, No Propane, No Noisy Generator
Massive Rooftop Solar Array
Full Height Bathroom with Shower and Cassette Toilet
LENGTH: 29′
WIDTH: 8′
MAX HEIGHT: 12′
MIN HEIGHT: 11’6″
FORD F-550 4WD
TRIM: LARIAT
ENGINE: 6.7L TURBO DIESEL
HORSEPOWER: 330
TORQUE: 750
TRANSMISSION: 10-SPEED
95GALLONS OF DIESEL
100GALLONS OF FRESH WATER
40GALLON CAPACITY GREY WATER
1320WATTS OF SOLAR, POWER11000WATT HOUR

$775,000​

 

[Ummduh]

if you make $100k a year, take home is ~78k (in Texas).

Is it though? I'm sitting at 42% gone right off the top. Granted that's a 401k and HSA coming out, but still, those aren't really optional, as well as health, dental, vision...

 

[TRINDU]

Is it though? I'm sitting at 42% gone right off the top. Granted that's a 401k and HSA coming out, but still, those aren't really optional, as well as health, dental, vision...

I'm being conservative, but that further proves my point.

 

[rockota]

It's not hard, a 400K note is $3000/m at today's rates. Add in property taxes, insurance, and utilities, and that's ~$50k a year out the door. a starter home is 400k in the suburbs, 500k for a crack house in Austin.

if you make $100k a year, take home is ~78k (in Texas).

That's ~$2300 a month for a vehicle/insurance, food, health insurance, entertainment and you're expected to somehow save money and not eat a bullet from being broke.

Six figures is a poor person today.

But property taxes in tx are insane. I have friends paying upwards of $30k a year.

“But no income tax!” Doesn’t matter when the income stops and a person is trying to retire… but needs $50k/year to rent property from the state

 

[BDK]

Noticed 2005-2008 Porsche 997's are cooling off quickly. A few months ago they were selling for 55-70K and are now at under 40 for a S six speed with $40,000 miles. Inflation is finally hitting the upper middle class.

 

[MuntCuffin]

Can't wait for the cheap toys to start rollin' in.

 

[Pyleit]

50k.... 6 years old 250k miles

2018 ford f-250 super duty diesel for sale by owner - Saint George, UT - craigslist

2018 F250 4x4 6.7 dsl. XLT. CCSB selling with a custom fabricated Big Tex trailer. Cgvwr is 25900. No CDL needed I have been transporting RV trailers. Bought a 10 car car hauler and no longer need...

stgeorge.craigslist.org

 

[Ummduh]

50k.... 6 years old 250k miles

2018 ford f-250 super duty diesel for sale by owner - Saint George, UT - craigslist

2018 F250 4x4 6.7 dsl. XLT. CCSB selling with a custom fabricated Big Tex trailer. Cgvwr is 25900. No CDL needed I have been transporting RV trailers. Bought a 10 car car hauler and no longer need...

stgeorge.craigslist.org

It does come with a trailer as well, but yea, still...

"2018 F250 4x4 6.7 dsl. XLT. CCSB
selling with a custom fabricated Big Tex trailer."

 

[TRINDU]

It does come with a trailer as well, but yea, still...

"2018 F250 4x4 6.7 dsl. XLT. CCSB
selling with a custom fabricated Big Tex trailer."

so 250k pulling a trailer, with an RV on it. those are some hard miles. that truck is fucked.

 

[Motorcharge]

I read an article last week that made my jaw drop. Over 30% of households making $150k+ are living paycheck to paycheck with no meaningful way to save money.

$150K annual income is the new working poor apparently. Madness.

Yeah, but how many of those are living within their means vs living in a McMansion shitbox, driving a new $100k truck, with a new $70k boat and RV in the driveway and a bunch of other bullshit all financed at 30%? I'd guess a strong portion of that 30% are the latter.

 

[Southernfriedcj8]

so 250k pulling a trailer, with an RV on it. those are some hard miles. that truck is fucked.

KBB trade in value is 14.5-19k.

The trailer would probably bring 7k.

That boy gonna have to come to Jesus.

 

[MuntCuffin]

Yeah, but how many of those are living within their means vs living in a McMansion shitbox, driving a new $100k truck, with a new $70k boat and RV in the driveway and a bunch of other bullshit all financed at 30%? I'd guess a strong portion of that 30% are the latter.

Learned nothing from 08/09

 

[aczlan]

so 250k pulling a trailer, with an RV on it. those are some hard miles. that truck is fucked.

Why? Probably running down the highway at 50%-75% power.
Probably easier on the truck than miles running oilfield roads and then sitting idling 24/7 when it gets there...

Aaron Z

 

[[486]]

Learned nothing from 08/09

or learned the hidden lesson from 09

that everything is free, so long as you're into it at the correct portion of the boom/bust cycle and arrange your assets so the bankruptcy leaves you with more than you started with

 

[Aggie06]

 

[Clemson13]

Wail........I thought that escalades were like 120k max

160k MSRP

 

[Toreadorranger]

Wail........I thought that escalades were like 120k max

160k MSRP

expensive but impressive. V does a 12.something second 1/4 mile, 4.4 sec 0-60 while weighing 6200lbs. I tried to convince my BIL to get one, but they chose a Range Rover with a $50k market adjustment on top of MSRP instead.

 

[TRINDU]

Why? Probably running down the highway at 50%-75% power.
Probably easier on the truck than miles running oilfield roads and then sitting idling 24/7 when it gets there...

Aaron Z

It's like pulling a sail. I bet that foot was in it the whole time.

I was also unaware that the only used trucks were hotshots and oil field to compare. Only a fool buys either.