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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I earn a little less than 200k together and we are rich.  We save about 60k for retirement every year, and can cover all of our expenses, like private school for our kids, and a lot of what we want, even in this area.  No, we don't live in a prestigious zip code, and my commute is about 45 minutes, but that's because of choices that we made.[/quote]

Damn. I'd love to see your budget.  [/quote]

Not seeing how the math works on this. After saving 60k and paying taxes you are spending in the low 100s, and covering more than one private school tuition, and all other expenses, comfortably?[/quote]

Our housing costs are minimal, the private school is inexpensive, and our retirement contributions are pre-tax because of a 457b contribution.  And we are not spenders.  We probably spend less than 1k on clothes and eating out over the course of the year, and some years we don't bother with a full vacation other than visiting family.  It's just the way we are but it's our choice, we don't think about money.[/quote]

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]

So do tell -- why live in NW then?   And I do know someone who lives in Brightwood whose mortgage is about 1400 a month so there are choices even within DC.[/quote]

People -- lots of them -- live comfortably in DC and arent rich earning $300K. [/quote][/quote]
Sorry, screwed up the quote thing..  Again, I'm curious why. I'm bored fighting with the other idiot that insists on launching ad hominem attacks against me just because he is jealous that my commute isn't 90 minutes and I have a pool. I wasn't trying to be a jerk about it, I am genuinely curious. Throw the commute thing out for a minute. I spend 30 minutes driving each way so I don't really care if I can cut that in half because it wouldn't be worth it to me due to the other downsides I mentioned. Aside from the commute issue why do people want to live in NW. I know it's a nice area since my office is in NW, but I don't have any desire to live there. 
[/quote]

:roll: You just answered your own question when you said NW is a nice area. So what if you don't want to live there? Other people also think it's a nice area and want a short commute, so they live there. You're being purposely dense yet you call the other guy an idiot, the irony...[/quote]

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