Spouse’s income can’t be included for new loan..
invite response
2011 Jan 5, 8:31am 16,369 views 73 comments
« First « Previous Comments 70 - 73 of 73 Search these comments
Really, many of the people on here are so full of this “entitlement†mentality it’s almost unbearable.
What I want to know is how people can toss around figures like $70-100k for a typical person's income in an economy like this. What kind of jobs pay these exorbitant wages, what skills do they require, and who do I call to get one of them?
sfbubblebuyer
2011 Feb 7, 1:26am
Well, mine requires at least a bachelor's degree in computer science and 5 years experience, preferably in Biotech. I have a M.S. in Biophysics and a B.S. in Comp Sci, and 7 years experience. If you rack that up, I can safely say you could be making that at my company.
My wife's job requires a comp sci degree and probably about 7 years experience. She makes more than me.
My first job out of school with just a CS degree was 45k in 1997.
[i]Really, many of the people on here are so full of this “entitlement†mentality it’s almost unbearable.[/i]
What I want to know is how people can toss around figures like $70-100k for a typical person’s income in an economy like this. What kind of jobs pay these exorbitant wages, what skills do they require, and who do I call to get one of them?
I can only speak to jobs and salaries that are in my daily sphere of personal knowledge and experience. CHP cadets (recruits) in the academy (all food and housing is provided while in Sacramento) make 65K while they're training for 5 months and then their salary goes up from there. With a few years on the job and a little overtime an officer can easily make 90-100K a year (and no, the CalPers pension is only calculated on the base pay - OT doesn't count).
CPA is another job in demand, but it requires at least a BA in tax and many have an MA. My family has many CPA's in it and they all make good money. Granted they have been doing it for 15-20 years, but the least paid is at 187K and the salaries for the others go up from there. The headhunters are calling at least twice a month trying to get them to move so there is demand in the CPA/accounting field. Two weeks ago there were a few 90-100K job openings for CPAs/accountants at the studios down here as well as a few managment positions at the studios that pay more.
There are lots of people hurt by this economy and I have said here on patnet before that it's a rough road for many, but there are also a lot of people working and making good money. Every recession is the same and I have been through several of them.....some hold on and others unfortunately don't. I was lucky enough to always be working in the public sector when they rolled around so I was able to hold on.
bubblesitter
2011 Feb 7, 2:33am
[i]Really, many of the people on here are so full of this “entitlement†mentality it’s almost unbearable.[/i]
What I want to know is how people can toss around figures like $70-100k for a typical person’s income in an economy like this. What kind of jobs pay these exorbitant wages, what skills do they require, and who do I call to get one of them?
People who are calling the bottom should read this.
« First « Previous Comments 70 - 73 of 73 Search these comments
Well I guess I’m out of housing game for a while. I went to get a pre-approved and was told that I can’t count my wife’s income. She went back to work in March making same as I do and before that she stayed home for a year when my second son was born, aside from that she has never been unemployed even when she was in college and with first son. She needs to have two years employment with no gaps. I know they are stricter with loans but we both have spotless credit and 30k banked. The most I can get a loan for on my own is 270-300k. I will try another loan guy but I have the feeling nothing will change. Oh well maybe it’s a good thing all of her income is going to savings and I can hope that the market will crash more.
So any couple that had a spouse that stayed home to be with a child for a year is screwed.
#housing