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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP,

There are many people who won the housing lottery and own wonderful homes on low HHI, that they could not be able to afford on today's prices.  We have also lived an upper class life on our HHI because of = winning house lottery, kids going in magnets, no student debt, no childcare costs - and of course by being aggressive savers.

Many people are upset in this thread because housing costs are crazy in this area and that is eating into people's finances. When your HHI is above 100K in other parts of the country, eating out frequently does not make you poor - in DMV, it does.

Childcare costs, private school costs, housing cost, student debts - these are big expenses that many families are facing here, and even though they make 300 K or more - they are feeling the pinch.

I believe you when you say that you live well on 90K.  I also understand that why this irks people.  Your good fortune came because of some great choices in buying housing (and other financial situations - no student debt, no childcare cost, homeschooling), however, it is not something most people can replicate and come out ahead on 90K in this region.

Op, you were lucky. Not necessarily financially savvy - but just very lucky.[/quote]

You think there are not other families living on 90-100k that didn't win the real estate lottery?  There are.  OP may not be a great example but we are out here and it's hard to hear that a family making three times as much complaining. That is all. [/quote]

+1.  And it's not a "lottery".  Some of it is timing, some of it is about making wise decisions and some of it is just a reflection of the passage of time and its impact on paying down debts as well as appreciation.[/quote]

WTF? Are you serious??? Housing prices have tripled in the last decade? This is not about paying down debts, it's about being born early enough (or having parents help you at young age) to buy a house before the bubble arrived in DC.

Buying in a shady neighborhood is not a wise decision, it was a gamble you could take, probably b/c you knew if it didn't pan out you could still live with mom and dad in MoCo.  Many of us have to make everything work, but start out with housing prices 8x what we make, and our moms and dads, yeah we are supporting *them*.

Expensive housing, expensive childcare, parents needing help. that is what is most DCUMs are complaining about, no matter what their salary.

No one has shown a way to get by on less income other than buying before the bubble of buying out in the exurbs.  Still waiting for real advice from people with perspective.[/quote]

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