Reply to How does your family survive making under 200k hhi

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Although there are exceptions, most who are amazed that folks find it frustrating to not be living more comfortably on roughly $200K seem to have bought pre-run up in prices (so have a house in a good school district even if they dont have an astronomical mortgage) or else have a SAHP so the 2nd salary isn't taxed at such a high level and they don't have the child care expenses. If 1 person can earn X it goes much further than 2 people earning that amount or even a little more. [/quote]

Or they don't live in a 2000 sq. ft. house in a desirable neighborhood. [/quote]

Exactly.[/quote]

This is just not true, unless your expectation is to live in the most affluent areas. We live in a 2100 soft (plus 600 basement finished sqft) home in neighborhood of homes that have gone for between 650-800 in the past three years, many under contract within a week of listing. It is in Vienna, so maybe that is not desirable for some, but it works for us. We had to save aggressively for a few years for the down payment, but that is to be expected anywhere. It can be done, but it requires making saving a priority and delaying gratification. You CAN do it on 120-200k, but you might not be willing to. There is a big difference between the possibility of a tasks and an individual actually accomplishing it. [/quote]

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