# Expensive thinking. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [April 16, 2007, 12:07am UTC](https://forums.speedlife.net/t/expensive-thinking/27687 "2007-04-16T00:07:35Z")\ **Posts on this page:** 1\ **Showing post:** 17
**Author:** ![POOPRA](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/poopra/32/7188_2.png) [@POOPRA](https://forums.speedlife.net/u/POOPRA)\ **Post date:** [April 16, 2007, 7:42am UTC](https://forums.speedlife.net/t/expensive-thinking/27687/17 "2007-04-16T07:42:43Z")
[quote=“JayS,post:11,topic:27687"”] So 75k/yr, minus a lot in taxes because anyone considering this is obviously single with no kids. Aka, the anal rape tax bracket. So lets says 53k/yr net. 100k house - 10k down + 4k closing = 94k financed. 6.25% interest from FHA. 580/month, 7000/yr approx. Figure 3500 in school/property tax. 1500 for heat. 200 water. 850 electric. 500 insurance. 4000 in food (very modest 80/week, you’re never going out). So bare minimum to have a roof over your head and not starve, 17550, leaving 35450. Dump in another 2k for the random shit that breaks when you own a house, 33450. For someone like you, the insurance on a lambo is going to be astronomical. 10k/yr? I’m guessing, but that sounds possible. 6 year loan at 12% (no one is going to give you a normal car rate for this luxury purchase) for 158k (don’t forget 8.75% sales tax on that 145k), which you’ll probably NEVER qualify for making 75k/year, is 3088/month, or 37056/year. So even if you find some miracle insurance deal for 5k/year, and get approved for this retarded loan, you’re negative $8600 at the end of the year. You had 0 entertainment. You bought 0 gas. You had 0 repairs for this supercar. You bought nothing but food. You don’t have cable, internet or a phone. You made 0 investments for retirement. You’re still in the hole 8600. Yeah, people that make 75k a year don’t drive 145k cars. Even if you play with the numbers by saving up a lot of cash and putting a lot of cash down on the car it’s still never going to work. **Idiots** 🙂 [/quote] That about sums it up, some people dont realize that the real cost of housing and your actual take home income. When you have 35,000 left after your housing expenses I would figure these bare essentials 5,200 for general expenses = $100 bucks a wk 7,300 for FOOD = $20 bucks a day 2,500 for Gas = about $200 a month So then your left with 20K a year for a car For a exotic your going to pay 20K in maintainance for 1 year if you drive it for sure. This does not account for a alternative mode of transport So this leaves you with no money to insure or make payments on said car. --- _[View the full topic](https://forums.speedlife.net/t/expensive-thinking/27687)._