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

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

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[quote=Anonymous][quote=Anonymous]
But you don't live IN DC.  You have low housing costs and low private school costs. So your budget is about as relevant to someone who lives in Upper NW DC as someone who lives in Kansas or Idaho. That's the point.  $300k in upper NW provides a stable lifestyle with occasional niceities, but when you factor in the high cost of living you are far from rich.[/quote]

You realize that there are other parts of Washington DC where you can live that are less expensive, right?  Brightwood, Brentwood, Brookland, most of NE and SE are all less expensive.

Essentially you are saying that even thought who make over $1M but live in Manhattan are middle class because they don't have a lot of disposable income left after paying the mortgage on their $2.5M condo.  It's ridiculous.

Your class is based on what you earn BEFORE you spend on life style choices.  You have a lower lifestyle because you commit a huge portion of your income to living in the most expensive part of town.  That doesn't change your class, it just means you prioritize location over other luxuries.  And it doesn't make you middle class.  As another PP mentioned, the true middle class does not own property in NW.[/quote]

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