Reply to Why a 300-400k salary doesn't feel rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]300K is rich in the sense that at that level you can [b]reasonably pay a mortgage, save for retirement, save for college, pay for daycare, and go on decent vacations[/b]. You are building wealth and buying your kids some breathing space, which is more than the vast majority of Americans can do. [/quote]

It’s kind of crazy that these things are now for the “rich.” I feel like owning a home and being able to save and occasionally take a vacation or 2 should be a very middle class thing that everyone can do. It’s weird to me that with all the resources we have and technology that makes life better, we haven’t figured out a way to improve human life more. Like unless you’re born to rich parents you have to take out massive loans to get an education and may never make it on the property ladder.[/quote]

No, no, no. Please stop it. It’s not just for the “rich”. Many middle class Americans own homes, send kids to college and occasionally go on vacation.
They own average homes, have modest vacations and send kids to average colleges.

It was never, never and never a time when the middle class could afford to live in the best neighborhood in town, send kids to the best schools in town, and go to the best vacation spots. This was always reversed to the “rich”.

The median home price in the DC area is now about 550k. Higher than it used to be, but a middle class family can manage to afford it.
It won’t allow you to buy a SFH in NW DC or Arlington. It won’t allow you to send your kids to a 10/10 school. But that’s not what middle class means in the first place. That’s for the upper class.

It won’t allow tou to save for college enough to afford private ivy league colleges. But that’s not for the middle class. That’s for the rich elite.
The middle class sends kids to community colleges or public in-state colleges.

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I disagree-- 30 years ago, middle class could live in a 10/10 school.  I don't think someone making $300K today can get into a Montgomery County 10/10 school cluster without parent help or sacrificing retirement savings and vacations. [/quote]

30 years ago, there were no online school ratings. So families making 300K were spread more across different areas, instead of competing with each other (via housing) for marginally "better" schools.[/quote]

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