Reply to 200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart

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Reply to "200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart"

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[quote=Anonymous][quote=Anonymous][quote]Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
We are terrible with money, have student loans, more medical expenses, make that income and can't afford to buy... But if we wanted to buy in DC at this point there's not a lot below 700k. There is some stuff... And some of it I like--but 700k seems to be the new 500k market here.

And wtf. People really spend that much on gasoline?? That's just sad.

This is ridiculous. The houses in my neighborhood are $350k. The schools are not the best, but they are fine. Your kid will go to a fine college. How can you say that you can not get anything below $700k? Are you demented? Do you think people living in $250k homes just are not human beings?

You sound unhinged. No one is saying that people living in $250k homes are not human beings. Obviously PP is not seeing many options with what he/she wants in a house for below $700k, which is why he/she is not rich. Unlimited options don't come with HHI of $200k. There's a lot of bitterness and wealth envy on this thread, primarily among the 200-450 HHI folks who are frugal, manage to save a decent amount (ex. 100k) annually, and bought less house than they qualified for, etc. That's great they are able to save what they can and "feel rich," but the reality is that they are not. There is no point being delusional and slamming others with similar or higher HHI (even 300-500k more) whose finances are tight, or complain they can't afford everything they want, especially living in high COL area. Neither person is rich, but one has learned/resigned themselves to live with what they have, and gained a HUGE chip on their shoulder in return.

Actually I didn't think they sounded unhinged at all. There seems to be a lot of people who have no concept of what its like to live on much less. And that there are housing options (perfectly reasonable ones) in this area.[/quote]

Actually, I am looking at 350K houses. Don't lecture me on having a 3K square foot house and fancy cars. We didn't even have A car until this year, when it became necessary due to our school "choice."

But having looked at 350K houses, what I have to tell you is... there aren't very many of them and most of them have seriously expensive stuff wrong with them. They are less of a bargain than they seem--and no, I am not going to buy a 350K house on a bleak part of south dakota ave and then spend another 200K on it... because we are not handy, and I don't have the energy. I would like to... there's one in particular on S. Dakota I am looking at--but I don't think it's an option for us.

But you're right. There are "perfectly reasonable" housing options in this area. But if we move out of city limits, we have to do a new school system--and possibly have to have TWO cars, which I don't want to do. If we buy a cheap condo, we've got to deal with going back to living in 1K square feet. That was okay... in New York. But then... we were in New York. In DC, I would rather not. Forgive me. When we first moved here two years ago, I saw a lot of stuff in the 500K range that I thought we could work on saving a dp for. Unfortunately, in the two years we've been trying to do that, it's all gone up to 700K. Just rationally, my own finances aside, I don't think most of it's worth 700K.

[b]But don't give me your sanctimony about cars and huge houses again--you spend more on that stuff than we ever have.[/b] [/quote]

Not sure who you are talking to - this is poster 11:42 - and we surely have less than you.  We live in the burbs in a townhouse that cost less than 300k and its perfectly acceptable to us.  [/quote]

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