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Reply to "S/o What do you think a middle class life style looks like?"
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[quote=Anonymous][quote=Anonymous]I also find class to be a gross term but I'll bite. - ability to get to work, get kids to school, have adequate supervision for children while parents are working - ability to get food on the table for 3 meals a day, but not necessarily the ability to order takeout or eat out on every single whim - vacation once a year (coach, name brand hotel chains) and visit family for holidays or host a few times a year - can get back to school clothes and have a "nice" set of clothes for parties or church or special occasions, can buy gifts for people, have kid birthday parties, hire a babysitter once in a while, send photo holiday cards, and drive cars that don't attract attention for being too trashy or too flashy - kid(s) will go to college but might have to choose based on cost or aid, kids and/or parents could have loans [/quote] This. What’s crazy is that I feel like this basically describes us with a 300k HHI. And I know we are on the higher end of earners in this area (even if “poor” by DCUM standards). But we have 3 kids and prioritized living close-in. Although to be fair I can’t necessarily say our mortgage is more than if we had moved farther out. It’s just that we picked a smaller/older house in a walkable area versus a larger house outside the beltway. I agree with a PP about generational timing too. We were able to buy a starter condo in 2012 and rolled that into a SFH in 2019 (refi’d to < 3% interest). There is NO way we could afford our neighborhood now on our income if just starting out. Hell even the houses farther out now cost more than our mortgage because of high rates. [/quote]
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