Shooting at Regency Mall

Started by coredumped, February 10, 2012, 03:19:56 PM

Non-RedNeck Westsider

So by your definition, "...an income that derives from tips is almost by definition one that is variable.", I would have to assume that anyone who's income is based on commisioned sales, realtors, brokers, insurance, etc,  would fall into this same category - variable. 

I know a lot of people who live fairly comfortably off of less than $25/hr, it shouldn't matter if the money is in thier check at the end of the week or if they pocket $150-$200/day in cash. 

While this might not fit your definition of 'prosperous middle class' it may very well live up to the definition of high-quality by the people who are now back to work.
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finehoe

Quote from: Non-RedNeck Westsider on February 15, 2012, 11:25:57 AM
it shouldn't matter if the money is in thier check at the end of the week or if they pocket $150-$200/day in cash. 

Perhaps not, but most lenders have very strict standards on what sort of income they consider when writing a mortgage or other loans.  And there's a reason for that:  Because income derived from sources other than a salary is not considered as stable.  Fair?  Maybe not, but that's the way it is.

duvaldude08

Quote from: Non-RedNeck Westsider on February 15, 2012, 11:25:57 AM
So by your definition, "...an income that derives from tips is almost by definition one that is variable.", I would have to assume that anyone who's income is based on commisioned sales, realtors, brokers, insurance, etc,  would fall into this same category - variable. 

I know a lot of people who live fairly comfortably off of less than $25/hr, it shouldn't matter if the money is in thier check at the end of the week or if they pocket $150-$200/day in cash. 

While this might not fit your definition of 'prosperous middle class' it may very well live up to the definition of high-quality by the people who are now back to work.

I agree. I make $17.34 and I love lovely actually.
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