Reply to Family of Four on 90k - An Upper Middle Class Existence

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I call bull shit on buying a 800k row house on a 90k salary[/quote]

Call BS all you like, but I bought my $800k row house on a lower salary than that.  Of course it wasn't worth $800k then, but you understood that, right?[/quote]

Do you want a cookie? Think of how much salary you would need to buy that same home today. So the whole 90k and I am making it fine argument is BULLSHIT if you bought before the bubble. thanks and troll through you dick.[/quote]

Yes please.  Chocolate chip would be nice.

Suggest you read my post above about how I did it and how you can still do it. It doesn't happen overnight and back in 2004 I was kicking myself for not buying five years earlier.[/quote]

Three is no opportunity to make that type of appreciation in the region today and probably ever again. You won the lottery be grateful for what you lucked out on. Most people aren't as lucky.[/quote]

So many of these threads get bent around familiar issues. Yes, you can send your kids to private own a nice house in a desirable neighborhood with kids and a HHI of $90k, as long as you aren't on the hook to send $3000 checks to the mortgage company for the next 28 years.  You can have that lifestyle on that income but you needed to get on the real estate appreciation wave about a dozen years ago.

For a couple of 35 year olds with little kids in an apartment in 2014, they are going to need a lot more income to make the jump to that 'upper middle class existance'.  [/quote]

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