2021 Used Boat Prices

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Originally Posted by larry_arizona

Back in the day when I bought my first couple houses, I recall a “rule of 2.5”, meaning 2.5x your gross income to not be house rich.

I don’t know too many teachers and firefighters having a combined income of $280k lol.

Now In very high cost regions of the country where even small bungalow homes exceed 7 figures, I get that people get longer duration loans and don’t put 10-15-20% into their retirements, and bank on their home to be their retirement plan.


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280k sounds about right for my area. Ish.
160-180 FF, 100 for a teacher.

I would prefer a house payment not to exceed about 10% of my income personally.


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Originally Posted by j.mo

280k sounds about right for my area. Ish.
160-180 FF, 100 for a teacher.

I would prefer a house payment not to exceed about 10% of my income personally.


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$180k for a fire fighter is baller[emoji106]


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Originally Posted by j.mo

280k sounds about right for my area. Ish.
160-180 FF, 100 for a teacher.

I would prefer a house payment not to exceed about 10% of my income personally.


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Teachers where I'm at make 30-40k
Fire fighters about the same, most are actually volunteer only 1 or 2 paid guys at the station haha

And in my area a 150K house is going to be a real nice double wide or about 1400 sqft built in the 70s

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Originally Posted by Josh828

Teachers where I'm at make 30-40k
Fire fighters about the same, most are actually volunteer only 1 or 2 paid guys at the station haha

And in my area a 150K house is going to be a real nice double wide or about 1400 sqft built in the 70s

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Where I’m at 350 is going to get you 1100sqft from the 70s, in the hood where you sleep with a gun on the nightstand lol


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Originally Posted by j.mo

Where I’m at 350 is going to get you 1100sqft from the 70s, in the hood where you sleep with a gun on the nightstand lol


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where the heck do you live? We paid 199,000 for 2217 sqft new build in a decently nice neighbor hood. We don't follow that 2.5x rule. We are more like 1.25x rule people. I think our next house could fall into the 2.5 category but that is only because of the equity we have acquired in our current home.

350,000 will get you a nice 3,000+ sqft home relatively new in a nice neighborhood.

Where I am teachers make probably around 61k and 48.5k for fire fighters according to a quick google search.

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Originally Posted by rdlangston13

where the heck do you live? We paid 199,000 for 2217 sqft new build in a decently nice neighbor hood. We don't follow that 2.5x rule. We are more like 1.25x rule people. I think our next house could fall into the 2.5 category but that is only because of the equity we have acquired in our current home.

350,000 will get you a nice 3,000+ sqft home relatively new in a nice neighborhood.

Where I am teachers make probably around 61k and 48.5k for fire fighters according to a quick google search.

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I am about smack in the middle between Silicon Valley and Lake Tahoe. At the base of the foothills.


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Yeah it's always funny to me to talk about money with people from California.
We're 25-40K for a teacher and ~35-50 for a firefighter here in TN.

Interestingly though housing around here is going up fast while pay rates are not, so people are just taking bigger and bigger loans (like I mentioned earlier) that they can't really afford but there's really not another option, it's still cheaper than renting a decent apartment.

Makes that 100K boat seem a lot more expensive by comparison lol

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Originally Posted by j.mo

280k sounds about right for my area. Ish.
160-180 FF, 100 for a teacher.

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Some context needs to be applied here. A firefighter can make $160k, but will be working twice their amount of regularly scheduled hours in overtime. Truth is, battalion chiefs and division chief make that kind of cheese and that is also including overtime.

Teachers are underpaid nationally, but also pay rates are both set by the CoL of the area.

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Originally Posted by 2in2out

Some context needs to be applied here. A firefighter can make $160k, but will be working twice their amount of regularly scheduled hours in overtime. Truth is, battalion chiefs and division chief make that kind of cheese and that is also including overtime.

Teachers are underpaid nationally, but also pay rates are both set by the CoL of the area.

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Yes. I should have added that.
Friends I know work a fair amount of OT.
I have police buddies too that are in the 180-300 range depending on department and OT.


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Was married to a elementary school teacher for 15 years...under paid out of college but rapidly increases, once you reach tenure it’s a well paid profession with job security and a pension.

My ex was making $93k for 9.5 months work and a long summer off. Adjusted for a full year job, she was making equivalent to $116k IF teaching was a year round job. Not too shabby


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