Reply to 150k/yr is bad now

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[quote=Anonymous]This is our current HHI and sometimes we feel like it's not enough, but it's the combination of this area and inflation. If we moved almost anywhere else, we'd be extremely comfortable. Unfortunately, our jobs are currently not portable.

I think the most challenging thing is that living in this area, it is very hard to save on this income. We are lucky to own a home (small condo, so minimal appreciation) so at least we have a savings mechanism built into that.

We are hoping to be able to shift career wise to allow us to move within the next 6 years, so if we can pay down as much of the condo as possible in that time, and not incur anymore debt, if we can even just maintain this income but move to a lower COL area, I think it will get a lot easier.

It's really just that this area is incredibly expensive. I wish I had been more prescient about the trajectory of the economy here when we settled here and took these jobs. Then we had a kid and have to factor in schools, so we feel in a bind where we can't afford to move and stay IB for good schools. It's a frustrating compromise that we would not have to make in other areas (I mean, yes in places like NY/SF/LA, probably Seattle, but not in Chicago, Minneapolis, Philly, Pittsburgh and other cities we're looking at).

But I try to remind myself that we'll be able to walk away with enough equity in our 2-bedroom condo to probably buy a 3-4 bedroom house outright in a good suburban school district in one of those places. It will work out in the end. We've just got to make it through.[/quote]

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