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][quote=Anonymous][quote=Anonymous]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.[/quote]

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?[/quote]

[b]You sound unhinged[/b]. 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. [/quote]

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]

+1 If you can afford to be picky and say "I don't see WHAT I WANT for 3/4 of a million" ... Congrats! You've made it.

The only people sounding unhinged are the ones arguing that just because some people can afford million dollar houses or more, those who can afford 700K houses are somehow not well off.

Unless you're Bill Gates or Oprah, there will ALWAYS be someone better off. If you can afford to max out you're retirement, spend thousands on vacations and lessons, and buy a 700K house (for a family with ONE child) you are doing VERY well.[/quote]

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