Banker exec bonus cuts...whining about not making enough money

#1
KoachKrab127

KoachKrab127

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#1
These people are pathetic completely disassociated from the rest of the world. Listen to some of these quotes:

"Terminal diseases are worse than the flu, but you suffer when you get the flu."

"I had to drive to Fairway Market in the Red Hook section of Brooklyn to buy discounted salmon."

"I'm no longer going on my annual ski trip to Aspen."

"People who don't have money don't understand the stress." (my personal favorite)

"If you make $50,000 and your salary is cut to $40,000, it's very severe to you, but it's no less severe to people with bigger numbers."

If your salary is cut from $50,000 to $40,000, you might lose your house. But if your salary is cut from $500,000 to $400,000 you might lose your beach house. Luxury versus shelter...there is a HUGE difference, douche bags.
 
#2
#2
You mean like all politicians except for the Paul family?
 
#3
#3
I'm not a banker, but last year my bonus was paid out a 45% and it sucked...it was the first time in 17 years that it was less than 100%..

This years was paid out at 118%

and you feel the difference
 
#4
#4
are you also pissed that Obama received so much money from these same greedy bankers?
 
#5
#5
KoachKrab127 said:
If your salary is cut from $50,000 to $40,000, you might lose your house. But if your salary is cut from $500,000 to $400,000 you might lose your beach house. Luxury versus shelter...there is a HUGE difference, douche bags.
Click to expand...

If you make $500k, your mortgage may be 5x what it would be if you made $50k.
 
#6
#6
KoachKrab127 said:
These people are pathetic completely disassociated from the rest of the world. Listen to some of these quotes:

"Terminal diseases are worse than the flu, but you suffer when you get the flu."

"I had to drive to Fairway Market in the Red Hook section of Brooklyn to buy discounted salmon."

"I'm no longer going on my annual ski trip to Aspen."

"People who don't have money don't understand the stress." (my personal favorite)

"If you make $50,000 and your salary is cut to $40,000, it's very severe to you, but it's no less severe to people with bigger numbers."

If your salary is cut from $50,000 to $40,000, you might lose your house. But if your salary is cut from $500,000 to $400,000 you might lose your beach house. Luxury versus shelter...there is a HUGE difference, douche bags.
Click to expand...

Where did you get these quotes?
 
#7
#7
Isn't it amazing how good people are at justifying other peoples' incomes decreasing?
 
#8
#8
I read the article Friday.

The fact of the matter is if u make 300k in orange county or new York city, have a wife and 2-3 kids you aren't 'rich'. You certainly can lead a great life, but it's insane to think these people are all living the high life.

Article made some of those interviewed
Come across as babies, but they were being honest.
 
#10
#10
Vols520 said:
I read the article Friday.

The fact of the matter is if u make 300k in orange county or new York city, have a wife and 2-3 kids you aren't 'rich'. You certainly can lead a great life, but it's insane to think these people are all living the high life.

Article made some of those interviewed
Come across as babies, but they were being honest.
Click to expand...

300K in NYC, is like 150k in Knoxville
 
#11
#11
vol_in_il said:
300K in NYC, is like 150k in Knoxville
Click to expand...
Truthfully it may be even less. The problems with our economy start with the fact a high school diploma is useless to the fact that advancements in technology takes jobs a job in the 70's to do that took 3 workers is filled by robotics or it was so simple it was sent to a 3'rd world country to do and not just that there are thousands if not more running around with ass. and bachelors degrees that nobody gives a **** about and yet they have these student loans to pay back. Heres the deal there is only needed so many jobs on this earth and unforunately there is too many people so eventually you will see some sort of revolution and we will see where the chips stack up. I've had some RUM so comprehend.
 
#12
#12
DAVOL said:
Truthfully it may be even less. The problems with our economy start with the fact a high school diploma is useless to the fact that advancements in technology takes jobs a job in the 70's to do that took 3 workers is filled by robotics or it was so simple it was sent to a 3'rd world country to do and not just that there are thousands if not more running around with ass. and bachelors degrees that nobody gives a **** about and yet they have these student loans to pay back. Heres the deal there is only needed so many jobs on this earth and unforunately there is too many people so eventually you will see some sort of revolution and we will see where the chips stack up. I've had some RUM so comprehend.
Click to expand...

DA! No clue what you just said but good to see you.
 
#15
#15
DAVOL said:
Truthfully it may be even less. The problems with our economy start with the fact a high school diploma is useless to the fact that advancements in technology takes jobs a job in the 70's to do that took 3 workers is filled by robotics or it was so simple it was sent to a 3'rd world country to do and not just that there are thousands if not more running around with ass. and bachelors degrees that nobody gives a **** about and yet they have these student loans to pay back. Heres the deal there is only needed so many jobs on this earth and unforunately there is too many people so eventually you will see some sort of revolution and we will see where the chips stack up. I've had some RUM so comprehend.
Click to expand...

As I recall, and I don't have a link handy, 24% of all jobs in america call for a bachelors degree or above, while 26% of all americans have a bachelors degree or better.

edit: scuse me, it isn't 26% of all americans, it is 26% of the workforce.
 
#16
#16
Thrasher865 said:
If you make $500k, your mortgage may be 5x what it would be if you made $50k.
Click to expand...

Goodness, looks like I need to break down some numbers for you because you obviously don't understand how much more money $500,000 is than $50,000.

In Knoxville, a mortgage on a $150,000 house (about 1,500-1800 square feet, 3 bed, 2 bath...something reasonable a person who makes $50,000 a year would buy), is about $1,000-$1,200 a month. A family who makes $50,000 a year brings in an income of about $3,000-$3,200 after taxes and insurance payments. Now you're lucky to save a little bit of money each month after buying food, paying electric bills, gas, trash, cable, student loans, etc. etc. etc. If your income then drops to $40,000 you're going to have a hard time putting food on the table. You'll barely be able to pay your mortgage, and in some cases you might not be able to. Then, when unexpected expenses come along, like hospital bills for a child's sickness or whatever, you're really screwed.

If you're making $500,000 a year (that's about $27,000-$30,000 a month after taxes and insurance payments) and your mortgage is about $6,000 a month, you have PLENTY leftover. You are NOT going to lose your house if your income drops to $400,000 a year (or $20,000 a month). That's crazy talk.

So if your income drops from $500,000 to $400,000, you're not going to be in danger of losing your house or putting food on the table unless you bought a house that's way too expensive for you in the first place (mortgage at about $18,000 a month), and I'd place some of the blame on you if you did that to begin with. Instead, you might lose your country club memberships, private schooling for your kids, have to cut back on restaurants...that's about it. You're going to be fine, it's nothing more than a minor inconvenience. You'll still get to keep your house, losing $10,000 a month, you just won't have some of the same luxuries you got used to over the years. Boo freaking hoo!
 
#17
#17
Why do you care how someone else lives their life? The guys quotes were taken out of context. Get a life, and quit worring about others
 
#20
#20
Just so I understand.

If you buy a house that you can't afford and make big money, it's your fault

If you buy a house that you can't afford and you make average money, you're a victim
 
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#21
#21
KoachKrab127 said:
Please explain to me the context that I have horribly misunderstood.
Click to expand...

You are talking about the WSJ article right? The person who wrote the article, chopped his quotes and placed them in an order to make him seem like a ducer, so clowns like you would be pissed
 
#22
#22
Volst53 said:
Just so I understand.

If you buy a house that you can't afford and make big money, it's your fault

If you buy a house that you can't afford and you make average money, you're a victim
Click to expand...

When people say things like this it just makes me shake my head. If you make $27,000 a month and buy a house that costs $18,000 a month (this type of house is beyond anything you would EVER need) when you can afford lawyers, financial advisors, etc. etc. YES IT IS YOUR FAULT. And you're still not going to starve. Plus, you can sell the house and then get a house with 8 rooms instead of 12.

When you are making $50,000 a year and you want to own a home that is better than a trailer, but then you can't afford it because your income drops, yes I'm going to feel sorry for you. If you can't make house payments, you will be lucky to every buy a house again because your credit will be destroyed. And it's difficult paying for clean, healthy food on $40,000 a year.

Can you seriously not see the difference between luxury and survival?

People in the lower-middle class want to just own a 3 bed 2 bath home. They don't expect excessive luxury. However, if they search for a house that costs way too much ($250,000 or so...) and get suckered into buying it, then I would not feel sorry for them when they can't afford it.
 
#23
#23
vol_in_il said:
300K in NYC, is like 150k in Knoxville
Click to expand...

I'd say it's much less than $150K.

My sister lives in Manhattan and pays like $2600/month for a crappy, crappy apartment. We're talking old, with gross plastered walls, and about 500 square feet, and she lives in minority neighborhood*. You wouldn't pay $400 for the thing in Knoxville. It's also on like the 7th floor with no elevator.

*Racist, IMO.
 
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