HHI and what you spend on furniture?

[Anonymous]

HHI: ~$180k We have a mixture of hand-me downs, Ikea, Crate and Barrel, and West Elm. I hate shopping, so it's way easier to just look at a few stores and be done with it. Now that we have a 1.5 year old, I love that much of our furniture is Ikea. I really do not care if he draws all over it, etc.

[Anonymous]

22:39 will you sell me your MCM furniture?

[Anonymous]

HHI is $170k. We purchased a bedroom set a few years back for $5k (bed frame, dresser, chest, two nightstands). DD just got a bedroom set for $2800 (bed frame, dresser, nightstand), DS will likely get the same in a few years. I bought with the mentality of never buying them (or us) bedroom furniture again.

As for art, our house is filled with art (paintings, vases etc.) purchased on vacations. So everything has some special significance.

[Anonymous]

Currently about 190k HHI but bought my furniture when I was at 55k and spent $2140 on the couch, the bed & frame, dresser, some night stands, dinning table and chairs - basically the whole living room & bedroom. I actually slept on the floor for two months to be able to afford the bed and I furnished my apt one piece at a time, as I was able to afford it. The flimsy dinner table and some chairs were the final purchase.

We obviously could stand to upgrade but we have other financial targets we want to hit first and in the mean time, our stuff still works, mostly.

[Anonymous]

OP, why don't you move in and see what you need and then buy it slowly. Don't feel like you have to get it all filled up because then you may buy stuff that you don't really like (whether it is new, used, cheap or expensive). We moved from a small house to a much bigger one and bought a few more pieces. My taste spans ikea, flea market, antiques, etc. So for me, the right piece is the right piece, regardless of the budget. Just my thought. Also, fwiw, I don't get rid of stuff (much) just because I can afford to replace it. If you like to be with the latest design trends, you will find you need to update often. If you have your own style, it can be timeless and need refreshing but not replacing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is kind of a hard question because we don't know how much or what kind of furniture you need. I can tell you that when we made 140 K, we had a mix of IKEA and inherited furniture. When we made 350K, we had mostly Ethan Allen furniture. Now that we make 800K, we have furniture picked by a designer from various furniture designers we saw at the Washington Design Center. I think that this progression is pretty common as people move up the income ladder.

Similar situation. Our HHI is 500-600k and living room, family room, dining room, and master bedroom were done by a design. I think it cost about $150k total, including all furniture, carpets, drapes, painting, lighting, and labor. We plan to stay in this house for 20+ years, so we decided it was worth it.

Wow. That's nuts. If you have that much money spare, didn't you think of donating it? Unbelievable. You could buy an entire house in most parts of the country for that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is kind of a hard question because we don't know how much or what kind of furniture you need. I can tell you that when we made 140 K, we had a mix of IKEA and inherited furniture. When we made 350K, we had mostly Ethan Allen furniture. Now that we make 800K, we have furniture picked by a designer from various furniture designers we saw at the Washington Design Center. I think that this progression is pretty common as people move up the income ladder.

Similar situation. Our HHI is 500-600k and living room, family room, dining room, and master bedroom were done by a design. I think it cost about $150k total, including all furniture, carpets, drapes, painting, lighting, and labor. We plan to stay in this house for 20+ years, so we decided it was worth it.

We about 470 HHI. Right now we're looking at a dining room table that is somewhere around $5,000? Then chairs would be extra. I'm just never sure what is reasonable or not.

$5k for a table is not reasonable. It's in the more money than sense category.

[Anonymous]

Anonymous wrote:
We have one or two expensive looking pieces, but nothing over $1000. HHI $500k.

That's weird.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is kind of a hard question because we don't know how much or what kind of furniture you need. I can tell you that when we made 140 K, we had a mix of IKEA and inherited furniture. When we made 350K, we had mostly Ethan Allen furniture. Now that we make 800K, we have furniture picked by a designer from various furniture designers we saw at the Washington Design Center. I think that this progression is pretty common as people move up the income ladder.

Similar situation. Our HHI is 500-600k and living room, family room, dining room, and master bedroom were done by a design. I think it cost about $150k total, including all furniture, carpets, drapes, painting, lighting, and labor. We plan to stay in this house for 20+ years, so we decided it was worth it.

Wow. That's nuts. If you have that much money spare, didn't you think of donating it? Unbelievable. You could buy an entire house in most parts of the country for that.

They earned the money. They should enjoy the money. Why should they donate? If they do, great, but it is not their job to save the world.

[Anonymous]

Anonymous wrote:
We have one or two expensive looking pieces, but nothing over $1000. HHI $500k.

Why are you so cheap?

[Anonymous]

HHI < $100k. Quite a bit less, actually. However, a few years ago we realized a significant (for us) real estate profit. So, after many years of having next to no decent furniture, we spent $22k all at once. Here's what we got: leather sofa, complete bedroom furniture for master, chest of drawers and nightstand for DC, china cabinet, two lamps. We still love all of it and don't regret a single purchase.

[Anonymous]

Our income is around 140k and our "nice" furniture is from Ikea, as in "no eating on the IKEA couch!". I love Ikea though so no worries.

[Anonymous]

Anonymous wrote:HHI < $100k. Quite a bit less, actually. However, a few years ago we realized a significant (for us) real estate profit. So, after many years of having next to no decent furniture, we spent $22k all at once. Here's what we got: leather sofa, complete bedroom furniture for master, chest of drawers and nightstand for DC, china cabinet, two lamps. We still love all of it and don't regret a single purchase.

Not judging, but it seems like you could have bought more for $22,000. Maybe I just don't shop at nice stores.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is kind of a hard question because we don't know how much or what kind of furniture you need. I can tell you that when we made 140 K, we had a mix of IKEA and inherited furniture. When we made 350K, we had mostly Ethan Allen furniture. Now that we make 800K, we have furniture picked by a designer from various furniture designers we saw at the Washington Design Center. I think that this progression is pretty common as people move up the income ladder.

Similar situation. Our HHI is 500-600k and living room, family room, dining room, and master bedroom were done by a design. I think it cost about $150k total, including all furniture, carpets, drapes, painting, lighting, and labor. We plan to stay in this house for 20+ years, so we decided it was worth it.

We about 470 HHI. Right now we're looking at a dining room table that is somewhere around $5,000? Then chairs would be extra. I'm just never sure what is reasonable or not.

$5k for a table is not reasonable. It's in the more money than sense category.

Its not in the more money than sense category of 5K doesn't represent very much of the money that you have.

[Anonymous]

I think spending a large percentage of your HHI on furniture makes a lot more sense than buying a $300 purse. A 5k table may seem extreme, but is probably solid wood, hand-made in the USA, and higher quality than IKEA and whatnot. That's a lot more than I can say for other "name brand" items that are made in the same factory in China as everything else.