Can a flight attendant make enough money to buy a $500,000 home?
I know that untied can pay a lot for flight attendants .. is this realistic if I were to try to become one after getting an associates degree?
- RogueLv 61 year ago
First get a good job that you enjoy. Start saving your money. Check with collages and universities for courses on investing. Once you are comfortable with investing small amounts of your own money, you can get into bigger investments by using the banks money for investing by taking out loans and only paying interest on the loan. I retired at 50 years of age doing this, and still enjoy the challenge of investing at 70. We owned our own house by the time I was 38.
- HerfnerdLv 71 year ago
Not if that salary is their only source of income and they have no other money
- RICKLv 71 year ago
The average United Airlines flight attendant makes $58,000 annually, you are not buying a $500k home on that salary
- GypsyfishLv 71 year ago
No. I know pilots who live in nice houses, but not ones that cost $500,000.
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- STEPHENLv 71 year ago
On their own? Not a chance.
With a partner that has a good income? maybe.
- Karen LLv 71 year ago
Not too likely and if it happened it would be after years of careful saving and planning. Let's say you manage to save 20% as a down payment, $100,000. That would mean, at today's interest rates, a little over $2,000 a month in mortgage payments. Add in property taxes, insurance, utility bills, and you're looking at a minimum of another $500 a month. Those things can vary considerably depending where you are. It could be much more. It isn't likely to be less. And we haven't even figured in normal maintenance and repair expenses.
The amount of mortgage you can qualify for is based on how much you earn. To qualify for a mortgage of $2,000 a month, you'd have to earn at least 3 times that, $6,000 a month or $72,000 a year.
Median salary for a flight attendant in the US is around $55,000. Half will make more than that, half will make less. How much you make depends where you work, your qualifications and your seniority. Take-home pay would be a little over $3,000. On a flight attendant's median salary, you would be barely able to pay the basic expenses for a $500,000 home as well as paying for food, never mind anything else like clothes. And you wouldn't qualify for a mortgage in the first place.
- MamiankaLv 71 year ago
On a house that expensive, not knowing WHERE, let's assume you mortgage, taxes, and utilities will be $6000 a month (airports are often near big cities). If you just fainted, let's make that 5k. You are paying in after-tax dollars (let's not include any tax deductions yet). That is 60k a year. What do you actually think an FA makes a year???? Unless you somehow have s massive down payment - at least 50pc ( FIFTY! Typo!) down - you are delusional.
- GregLv 71 year ago
To qualify for a mortgage that big? If that is what you mean, no unless you have a very large down payment. Have people who made less than what flight attendants make accumulated enough, yes by living frugally and investing well.
- ?Lv 61 year ago
On your own no way. But a flight attendant can get a man who can afford one.
- Anonymous1 year ago
A house is not a good measure. There are houses from $50 000 to $800 000 minimum in different areas. You would possibly have to save a deposit. And you risk being transferred to another base and having to sell.