Reply to lifestyle for $500K HHI

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You people are nuts. Our HHI is $150 and we support a family of five on that fairly comfortably. Our net worth is maybe higher than some younger folks -- we're in our 50s, have equity in our home and no student loans for ourselves. On the other hand, we have one kid in college and another headed there in a few months, and we have to save for retirement. No way do
 we live lavishly, but we  certainly aren't poor either.[/quote]
The main problem for those under 40 is that many didn't experience the rapid housing appreciation of the dc area before it turned into a rich area. This happened around the mid 90s and shot up until 2008. [/quote]

There was a runup in the late 1980's too and then it went flat for nearly a decade.  Some of us bought at the peak then and had to wait until the next run up to get any real equity.  There will be another run up and you will get the bonus of that and get to hear complaints of the next generation. Just like the previous generation fomr me and the previous generation from them.  Housing goes in spurts and stops.  DC has been a realtively expensive place to live for more than 1 or 2 decades.

Yes, we bought our house before the last run up.  But our income was much smaller too.  [/quote]

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