Scraping by on $500k

[Anonymous]

Anonymous wrote:Surprise! If you spend all of your money, you will have none.

Yup. "there's just not enough left after the private lessons and childcare and retirement and mortgage and vacations and bills and eating Whatever will we do!"

Average my ass

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Then you're doing something wrong. Or living way above your means.

A "modest" vacation home and several vacations a year? Cry me a river of Amazonian proportions.

The vacation home is for weekends, the vacations are for leaving the country. There is nothing ridiculous about this. We drive to the vacation home so the costs to get there are modest. The real money pit is the swimming pool, which in hindsight we shouldn't have put in because the house is on a lake and has access to a community pool. But what's done is done.

God I hope you're a troll because otherwise you are 100% clueless. Also, an $8K mortgage is absurd.

[Anonymous]

Anonymous wrote:Reminds me of my sister. It's so important to her that people "see" her wealth that she's literally dying to keep up appearances.

She is literally dying? Because of her money problems? Please explain how your sister is LITERALLY dying because of her money.

[Anonymous]

We should have a regressive tax system

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Then you're doing something wrong. Or living way above your means.

A "modest" vacation home and several vacations a year? Cry me a river of Amazonian proportions.

The vacation home is for weekends, the vacations are for leaving the country. There is nothing ridiculous about this. We drive to the vacation home so the costs to get there are modest. The real money pit is the swimming pool, which in hindsight we shouldn't have put in because the house is on a lake and has access to a community pool. But what's done is done.

Poor you.

[Anonymous]

It's interesting not much left over imagine if you only had 350k

[Anonymous]

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

You are spending way too much money. You should have lots of money to spare with that kind of income. Are your toilets made of gold?

[Anonymous]

An $8k/month mortgage?? We make $620k and that sounds ridiculous!! youd better have some incredible investment portfolio to stand behind that mortgage. Otherwise I'd have put more down or bought a cheaper house.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

What are you talking about? We NEED the cars, no one tricked us into buying them. I'd like to see you cart 3 kids around in an Accord.

You can cart 3 kids in a non-luxury SUV...try getting an odyssey or something. Seriously. You also didn't need to buy a house with an 8k mortgage that requires that maintenance and landscaping?!! really? seriously, the whining is astonishing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

What are you talking about? We NEED the cars, no one tricked us into buying them. I'd like to see you cart 3 kids around in an Accord.

You can cart 3 kids in a non-luxury SUV...try getting an odyssey or something. Seriously. You also didn't need to buy a house with an 8k mortgage that requires that maintenance and landscaping?!! really? seriously, the whining is astonishing.

Who said anything about luxury SUVs? As it happens, one is an old Escalade and the other is admittedly a Mercedes. But you just had to make that assumption with no facts.

[Anonymous]

Taxes are way too high!

[Anonymous]

Anonymous wrote:18K for three vacations a year? Cry me a river.
No one is "scraping by" with that budget.

That is fairly modest with 500 K HHI, most people in that range who I know spend more (we spend more with ~300 K HHI).
Their problem is not vacation - they reportedly spend same on charity (hard to believe, for lawyers especially).
Their main problem is a 1.5 M house with corresponding mortgage and prop. taxes, apparently bought with little down.

[Anonymous]

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

What else do you need that you don't have money for? It sounds like you have it all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We feel stretched on 750k. Three kids in daycare, two SUVs, a couple vacations a year, housecleaner, $8k mortgage, home maintenance and landscaping, and a modest vacation home...it adds up a lot faster than it seems.

Poor you.

You people are so gullible. It's great!

What are you talking about? We NEED the cars, no one tricked us into buying them. I'd like to see you cart 3 kids around in an Accord.

You can cart 3 kids in a non-luxury SUV...try getting an odyssey or something. Seriously. You also didn't need to buy a house with an 8k mortgage that requires that maintenance and landscaping?!! really? seriously, the whining is astonishing.

Who said anything about luxury SUVs? As it happens, one is an old Escalade and the other is admittedly a Mercedes. But you just had to make that assumption with no facts.

Oh, we could tell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:18K for three vacations a year? Cry me a river.
No one is "scraping by" with that budget.

That is fairly modest with 500 K HHI, most people in that range who I know spend more (we spend more with ~300 K HHI).
Their problem is not vacation - they reportedly spend same on charity (hard to believe, for lawyers especially).
Their main problem is a 1.5 M house with corresponding mortgage and prop. taxes, apparently bought with little down.

If you want enough room for three kids and you live in Brooklyn, I think that's pretty much the going rate.