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When I was young, 70k was a lot of money. Then 160k. Then 250k. Then 400k. Now?
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Date: October 11th, 2017 6:57 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419661) |
Date: October 11th, 2017 6:58 PM Author: Federal keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419672) |
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Date: October 11th, 2017 6:58 PM Author: ruddy big hall pisswyrm I thought the same way until I realized how inexpensive it is to live in most countries in Asia, South America, etc. Now I'm like "Sshhiiiit, I can basically retire on $500k in Thailand or whatever." (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419682) |
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Date: October 11th, 2017 6:59 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard sup tommy (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419683) |
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Date: October 11th, 2017 7:00 PM Author: ruddy big hall pisswyrm Who the fuck needs to live in the US full time? Bank $500k and move elsewhere so you can live like a fucking king. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419691) |
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Date: October 11th, 2017 7:00 PM Author: Chrome adulterous sound barrier (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419695) |
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Date: October 11th, 2017 7:01 PM Author: Odious Native the reason why it doesn't seem like a lot of money anymore is because you spend it on stupid shit. Live a frugal life and you will be much happier. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419698) |
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Date: October 11th, 2017 7:02 PM Author: Chrome adulterous sound barrier e.g., a $2.2M shack in Sunnyvale and $10/week on quinoa salad at Costco (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419712) |
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Date: October 11th, 2017 7:04 PM Author: demanding razzle twinkling uncleanness (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419730) |
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Date: October 11th, 2017 7:07 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard I stopped buying that quinoa, too expensive (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419751) |
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Date: October 11th, 2017 7:03 PM Author: Federal keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419722) |
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Date: October 11th, 2017 7:04 PM Author: multi-colored mewling headpube cr. saving is good but proles always lecturing each other not to blow money on stupid stuff because they have the impulse in the first place (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419732) |
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Date: October 11th, 2017 7:11 PM Author: Odious Native I've seen proles do the most asinine and insane shit with money. Example: single mother gets insurance and lawsuit settlement to the tune of a couple million dollars because her kid got injured. Within an 18 month period, she bought and traded in for 20 different brand new vehicles. I kid you not. |
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Date: October 11th, 2017 7:04 PM Author: electric roast beef I pegged my lifestyle to my 28 yr old income. Anything above that is banked.
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Date: October 11th, 2017 7:19 PM Author: Bearded Effete Garrison (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419821) |
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Date: October 11th, 2017 7:59 PM Author: Jet-lagged Scarlet Area Mediation now imagine you make <$40k into your 30s (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420161) |
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Date: October 11th, 2017 8:02 PM Author: electric roast beef /killself (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420188) |
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Date: October 11th, 2017 10:05 PM Author: Jet-lagged Scarlet Area Mediation flame (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420923) |
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Date: October 11th, 2017 10:07 PM Author: Dun jew whew, I was worried you were serious (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420934) |
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Date: October 11th, 2017 10:08 PM Author: Jet-lagged Scarlet Area Mediation i am (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420952) |
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Date: October 11th, 2017 10:09 PM Author: Dun jew um, oh... You have a plan to fix that or what? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420958) |
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Date: October 11th, 2017 7:07 PM Author: Titillating Puce Office Trump Supporter how much does your wife make? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419752) |
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Date: October 11th, 2017 7:18 PM Author: Dun jew This is dead on. I have a HHI over $300k/year and this doesn't feel like a lot of money at all. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34419811) |
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Date: October 11th, 2017 7:45 PM Author: Indigo Abode ~340k here with student loans and saving for a house. it's not shit. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420029) |
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Date: October 11th, 2017 7:50 PM Author: Dun jew Same situation. We have loans paid down so only low-interest fed loans are left but any house we want is $600-700k+ for a total wreck. Turnkey is like $1M+.
Fortunately, we should get like $500k for our current house... |
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Date: October 11th, 2017 7:57 PM Author: Indigo Abode yeah I mean, the subset of people with our incomes and no parental help (on housing) is incredibly small. i don't feel too bad or rushed and am overall comfortable. but i used to think people making this much were ballin' out of control in the pre-LS days. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420133) |
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Date: October 11th, 2017 7:58 PM Author: Dun jew Also, the housing market is totally out of control. I'm not looking at some elite neighborhood or anything. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420148) |
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Date: October 11th, 2017 8:03 PM Author: Indigo Abode cr. enjoy woodland hills! (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420190) |
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Date: October 11th, 2017 8:01 PM Author: trip toilet seat lol (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420182) |
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Date: October 11th, 2017 8:03 PM Author: Dun jew ? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420194) |
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Date: October 11th, 2017 7:44 PM Author: Supple double fault A year ago, I was thinking if our HHI hit $750k i will think we make a lot of money. But now I think it's $1m but moving target I'm sure. Nothing about our lifestyle will change so it won't matter anyway. Just waiting for the next housing crash. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420021) |
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Date: October 11th, 2017 7:45 PM Author: Indigo Abode lol (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420026) |
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Date: October 11th, 2017 7:53 PM Author: Supple double fault It's all a function of what you can buy in terms of housing/neighborhood that dictates whether or not you have a lot of money. We live in a 1600 square foot house in a UMC neighborhood and you need minimum $2.5m to buy a hovel in a "rich" neighborhood. That means your HHI should be around $1m if you want to live in those areas. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420092) |
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Date: October 11th, 2017 8:02 PM Author: Indigo Abode fair. we'd probably quibble on the line between UMC and rich neighborhoods. if you've managed to purchase a 1600 sq ft house in santa monica, i'd say you're rich.
the housing market is just insane though. we should be able to get something for 900k-1m next year, but i'm not even sure it's wise at this point. |
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Date: October 11th, 2017 8:12 PM Author: Supple double fault lol Santa Monica is a rich neighborhood you need $2.5 for a 1600 shithole there. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420249) |
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Date: October 11th, 2017 8:32 PM Author: Titillating Puce Office Trump Supporter yeah none of your boomer fucker neighbors are UMC. Retired cops and teachers and shit live there.
Real estate is a fucking scam. Only the rich can afford the homes the average professional used to own, and no one except tech billionaires and old money can afford the places where the biglaw partners and other "rich professionals" used to live. |
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Date: October 11th, 2017 8:34 PM Author: Dun jew tcr (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420358) |
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Date: October 11th, 2017 8:54 PM Author: Indigo Abode (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420465) |
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Date: October 12th, 2017 4:35 PM Author: Supple double fault It's about 50/50 boomers with dilapidated yards and UMC professionals now, but the UMC also got parental help. I am friendly with the neighbor who is a teacher and her husband is a mid level associate at a small lit firm and they paid $1.3m for their place and I'm guessing they don't make over $300k combined. I'd wager their parents helped with the down payment. Her parents live in a rich area in the Bay Area.
It's hard to make a lot of money when you start out $200k in the hole and don't have parents who can give you a $250-300k down payment. That's already at least 6-7 years of toiling away at high income just to pay off loans and then save up to buy the same dump the boomers paid nothing for and your neighbors are either old retirees with pensions or the kids of rich boomers who don't make nearly as much but live the same lifestyle as you. |
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Date: October 11th, 2017 7:52 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard cr (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420085) |
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Date: October 11th, 2017 8:06 PM Author: Sable charismatic marketing idea Lol (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420218) |
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Date: October 12th, 2017 3:49 PM Author: vibrant crimson corner You have to know by now that you're never going to feel like you make 'enough' relative to all the shit you want. You have spent too many years on the striving-to-achievement highway. There is always a next rung and you will always be outpaced by someone else. You have an unacknowledged hyper-competitive nature when it comes to money and lifestyle benchmarks, and you will never be free of it. And $500K - $750K HHI is the supreme trap for fucking yourself with accumulating costs for all the UMC stuff you need to show the other parents and college friends that you're #alwayswinning. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34426823) |
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Date: October 12th, 2017 3:53 PM Author: Lascivious juggernaut This isn't really true. There are 4 or 6 cars I want and after that I don't need money for much else (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34426853) |
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Date: October 12th, 2017 3:56 PM Author: vibrant crimson corner I'm specifically speaking to nutella. And 500kish/annual is definitely a sweet spot for accumulated lifestyle costs, particularly where she lives. Mo money mo problems is accurate when you're talking entry-level UMC striver class professionals attempting to raise a perfect little family. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34426869) |
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Date: October 12th, 2017 5:38 PM Author: Supple double fault you have no idea wtf you're talking about. There is an objective amount, at least for me, and it's when I can comfortably afford real estate in a neighborhood with decent schools in a house that isn't a complete dump. This means you either have to pay more for a neighborhood with decent public schools through high school ($2.5m) or you send your kids to private school once your middle school and high school becomes gang infested places like this:
https://www.greatschools.org/california/los-angeles/2068-Fairfax-Senior-High-School/
https://m.yelp.com/biz/university-high-school-los-angeles
These are the two neighborhoods ive lived in in LA. All the homes around there at $1.25m-$1.5m have roughly 1500 feet from 1930 with galvanized pipes and termites needing about $100k in renovations so you don't die from mold and lead. So you can spend a ridiculous amount buying and renovating a hovel and still need to send your kids to private school to avoid being stabbed.
People making $500-$750k don't feel rich when presented with those options. Then again, you can move far away to the valley and buy a nice house with a pool and good public schools through high school and then commute 1-1.5 hours each way. Of course that just means you're not actually rich enough to live in reasonable commuting distance to your job. Either way, you don't end up feeling rich.
But I wouldn't expect you to know anything about the realities of raising children in areas with insane RE prices and bad schools. Go ahead and think I'm just buying bmws and $2000 diaper bag and $1000 stroller to keep up with the UMC set. |
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Date: October 27th, 2017 1:00 PM Author: haunting menage factory reset button "Then again, you can move far away to the valley and buy a nice house with a pool and good public schools through high school and then commute 1-1.5 hours each way. Of course that just means you're not actually rich enough to live in reasonable commuting distance to your job."
I don't know why everyone rags on they valley. I bought a house for a little under 1.2 million in Woodland Hills. It's fairly new, 3400sq/ft with a pool, armed security, and a national park with 30 miles of hiking trails walking distance. My school public schools are the best in Los Angeles. All my neighbors are successful business owners/professionals. And I'm 5 minutes from Warner Center where they just spent a billion dollars developing awesome stuff. Besides the shitty commute, I can't imagine how the city could even be close to as good as this. Especially to raise a family. |
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Date: October 11th, 2017 7:58 PM Author: Jet-lagged Scarlet Area Mediation (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420143) |
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Date: October 11th, 2017 8:05 PM Author: trip toilet seat a lot depends on rent and affordable housing. if youre making 100k but have to spend 2k on rent a month to live a decent apartment and the same apartment costs near $.5m to buy, 100k aint sheeeitt (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420208) |
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Date: October 11th, 2017 8:05 PM Author: Dashing very tactful parlour people who are hurt The latter few figures are still a lot of money, and you lack perspective if you disagree. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420211) |
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Date: October 11th, 2017 8:14 PM Author: Federal keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420258) |
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Date: October 11th, 2017 8:20 PM Author: Out-of-control Whorehouse Fat Ankles I'm old and $169k is "a lot" (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420294) |
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Date: October 11th, 2017 8:21 PM Author: Dun jew Can't tell if serious. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420299) |
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Date: October 11th, 2017 8:35 PM Author: Adventurous giraffe $70k (inflation adjusted) was never a lot of money.
I always knew that was just what dead ordinary two-income families made. |
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Date: October 11th, 2017 8:36 PM Author: Irradiated love of her life Hang yourselves (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420371) |
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Date: October 11th, 2017 8:36 PM Author: Histrionic maroon gay wizard $1mm feels like a good amount of money (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420373) |
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Date: October 11th, 2017 8:38 PM Author: trip toilet seat the problem is that everyone with $1m has a wife, mortgage, kids, and ridiculous bills for shit they dont need (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420376) |
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Date: October 11th, 2017 8:38 PM Author: Cracking pit friendly grandma Take off 40% for taxes, then take off 1-4k a month for loans, then take off 2-3k for rent...FMA I haven't even bought anything yet! (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420377) |
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Date: October 11th, 2017 8:39 PM Author: Adventurous giraffe Low $100s was enough for me to live a reasonable life as a single dude in Scottsdale. Had a used 911. Bought a decent house with a pool. Saved about 1/3 of my income.
Then I got laid off. |
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Date: October 11th, 2017 8:54 PM Author: Indigo Abode then what happened (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420463) |
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Date: October 11th, 2017 9:28 PM Author: Swashbuckling Mentally Impaired Partner (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420663) |
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Date: October 11th, 2017 9:41 PM Author: Adventurous giraffe Rented out the house. Sold the car. Live in an apartment. Fail at applying for jobs. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420737) |
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Date: October 11th, 2017 9:49 PM Author: razzle-dazzle police squad university this is horrifying (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420808) |
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Date: October 11th, 2017 9:51 PM Author: Adventurous giraffe A laid off senior associate with no book of business is a lot like a 35-year-old woman in the dating market -- only less desirable. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420827) |
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Date: October 11th, 2017 9:53 PM Author: electric roast beef JFC thIs is brutal (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420835) |
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Date: October 12th, 2017 4:16 PM Author: passionate red ape heaven (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34426988) |
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Date: October 11th, 2017 9:57 PM Author: Dun jew Were you open to moving? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420861) |
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Date: October 12th, 2017 4:34 PM Author: Comical multi-billionaire cumskin I don't think he's looked outside his tiny market at all.... (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34427114) |
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Date: October 27th, 2017 12:19 PM Author: Adventurous giraffe Sure. But no one is interested in hiring a senior litigation associate from out of state who has no portable book of business. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34541841) |
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Date: October 12th, 2017 4:34 PM Author: Comical multi-billionaire cumskin Dude, just become a high school teacher in white suburbs already (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34427111) |
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Date: October 27th, 2017 12:20 PM Author: Adventurous giraffe Which burbs? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34541849) |
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Date: October 11th, 2017 10:12 PM Author: vigorous irate dog poop field have you talked to acp (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420994) |
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Date: October 11th, 2017 9:56 PM Author: spruce temple mad cow disease thats hilarious (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420856) |
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Date: October 11th, 2017 9:50 PM Author: buck-toothed hell I make about 80k in low cost of living city and feel like a king
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Date: October 11th, 2017 10:05 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard lol these threads are like xo catnip. thanks for bumping up by BY YOU count (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420916) |
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Date: October 11th, 2017 10:08 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard also lol @ 300k HHI people running to this thread (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420945) |
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Date: October 11th, 2017 10:09 PM Author: Dun jew ? (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34420962) |
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Date: October 12th, 2017 4:16 PM Author: cowardly pink newt incel Lifestyle creep is real. But the perspective shifts both ways. Yes, your idea of a “good” house in a “good” neighborhood changed as you went from 21 to 31. But you also raised the floor on what you consider scraping by. Most Americans couldn’t cover a random $1k expense without going into debt and have next to nothing saved for retirement. If you wanted to “live” like that you could do so, but you might as well kill yourself. (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34426990) |
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Date: October 27th, 2017 12:15 PM Author: Self-centered Fluffy Genital Piercing Haunted Graveyard (http://www.autoadmit.com/thread.php?thread_id=3761255&forum_id=2#34541817) |