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]I still think some of y'all need to look at redfin.com and do some housing searches.  There is affordable housing within 30 miles of the Beltway, you just have to look to find it.

[/quote]

w/ bad schools[/quote]

Different PP, but that is irrelevant.  Since there are 20,000 households in this region that have HHI's over $500K, plus another 80,000 or so that have HHI's over $250K the real estate prices in the communities with the best public schools are higher.  Supply and demand.  When the demand for good public schools is high, the price of the limited supply goes up.  So the true middle class cannot afford to buy a SFH in a community with a good public school.  They rent or they buy condos or townhomes if they want to live in the good public school districts.  Alternatively, they can buy bigger or better homes in less affluent communities with weaker schools.  Essentially everyone who owns a SFH in most of MoCo and NoVa are upper class, even if they send their kids to public schools.

Just because you spend a lot of money to buy a home in a community with a good public school system, does not make you middle class.  It really doesn't matter if you prioritize to spend your money on housing, but since you earn enough to live very comfortably in other parts of the DC region and have a very affluent life-style, you are NOT middle class.[/quote]

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