Reply to Ok can we stop saying $300k is "rich" in DC?

Forum Index » Money and Finances

Reply to "Ok can we stop saying $300k is "rich" in DC?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our HHI is $2 million. We are mid 40's. Both work full time. I think of us as middle class- couple kids in private, live in NW. We both have graduate degrees, but everyone in DC has graduate degrees and is highly intelligent and ambitious. I just figured everyone had seven figure HHI. How can a 40's plus couple, both working full time, both smart and ambitious with graduate degrees have a $300k HHI or a $500k HHI? I bet the stats people are quoting here are from single earner households and many dont have college degrees. [/quote]

LOL.  I have a Bachelors and am a VP.  I make about $200k a year, single earner.[/quote]
Director-level, and $115k. One level down, senior manager, I was at $96k. These are typical - and good - salaries. [/quote]
...and by the way, that $115k makes me affluent. Live in the NoVa suburbs near a metro, in an upscale townhouse. You people who are complaining that $300k isn't rich could move a few stops into the suburbs, and live extremely well. [/quote]

Did you read the title of the post?  We are talking about "in" DC.  Not Reston.  Not Falls Church.  Not Chantilly.   [/quote]
Talk about the entitled elites living in a bubble! You still don't get it.

[b]The fact that you are even ABLE to live in NW, in a nice house, sending your kids to private school, qualifies as rich. The middle class can't afford that, and either lives in the suburbs or in a cheaper part of the city[/b].[/quote]

Absolutely this.[/quote]

But you don't get it.  On $300k in NW DC you don't get a nice house or private schools.  You get a small 1940s era colonial that constantly needs work and your two kids go to public.  [/quote]

That doesn't mean $300,000 isn't a lot of money, it means housing in the part of NW D.C. you live in is extremely expensive because it's in high demand. A lot of people want to have that 1940s colonial that you have, in no small part because it gets your kids zoned for public schools that are attended almost entirely by kids from wealthy families. Most of them can't afford it.

You choose to spend some of your money on valuable land with an old home on it. But you could make the same $300,000 salary and live in a far larger house in the suburbs. That doesn't make your income any lower or more "middle-class" somehow; it means you're deciding to spend it on one thing (a house in NW D.C.) instead of another (private school, a cheaper house, other luxury goods).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics