Reply to s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?

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Reply to "s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok.  I read these posts and cringe.  my HHI income is 1/2 of that.  We are quite comfortable.  Small house in a good suburb, 1800 sq ft on 0.25 acres, GS ranking 9/9/8.  Kid in public.

Now, DW is SAH, so we have never had childcare expenses.

I have managed to save some cash:  net worth is about 1.1 mil.  (no inheritance).

It is all expectations.  We do not consider the big international vacations.  Private schools?  Eh, in Vienna, I don't need them.

Cars, well my 6 yo subie runs fine.

Now, granted I have lived here since '99, but HHI was 80K then, and we were doing fine.  [/quote]

So how much did you pay for the house in '99 and how much appreciation did you see? A quarter acre within 20 miles of DC will be at least $600k for the land, and you make $150k?  I suspect you won the housing lottery?[/quote]

The pp said he graduated college in 99, very few people I know purchased houses at 21/22.  For all you know he may have purchased in the '05 run up in housing prices.  [/quote]

My mistake, he did not say he graduated college in 99.  Anyway I graduated in 2002 making 30K, and still make far less than the 300K whiners and would never consider myself poor.  Get some perspective people.  [/quote]

Some people bought early on and they was why queried. But really if the key point of if you can ever reach a comfortable middle class lifestyle depends on if you bought 5 vs 10 years ago, that is a distorted arrangement. It used to be a family could buy a modest home and move up but now even that modest home is out of reach.

As for immediate PP, where is you and your wife's jobs? If you work in a office in Ashburn it's fine to get a nice house with good schools and short commute.  The people who feel strapped have jobs downtown with two working parents.  [/quote]

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