Reply to Down and Out on $250K/year....

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]No, I agree with the first PP. That is an example of the upper middle class American Dream... plenty of people able to do this in Dallas or Atlanta etc. for probably a bit more than 100-150K a year, but not easily possible in NYC, SF, DC, unless you have way more income/resources.[/quote]

I have lived in Texas.  That's true that the cost of living is lower, but typically salaries are commensurate with the cost of living in the area.  While there are certainly plenty of uber wealthy people in Dallas, Houston, Atlanta, etc. who skew the distribution, on average there are a lot fewer 250K+ jobs in Texas than there are in DC, SF, NYC, etc.

Also in Texas, there really are not a lot of "close in" areas that are affordable in the big cities, like anywhere else.  Texas is highway land, and those 3,000+ square feet houses that are affordable are typically NOT in areas where you have a quick commute to the city center.[/quote]

So weird. I must have been posting about Texas at the same time as you PP. You are spot on. We looked at real estate in Alamo Heights, close in San Antonio. Houses were any where from 500K-1M+. To get the big house, we had to go WAY  to the butt ends of the city and look at least a 45 minute commute. And salaries sucked compared to here while housing was similar.

People are so deluded.[/quote]

We were just visiting SA last week.  We have spent time at one family member's house in Alamo Heights.  They live in one of the tiny 3 BR mid-century homes (although with a guest hoyse out back) and I think it probably would sell for about $500K, which is almost unheard of in that area.  My IL's live North of the city in one of the myriad ugly subdivisions and houses in their hood sell more in the $200-300K range.

We were looking to move to Austin, and I definitely would concur.  If you want to live in or near downtown, you're still going to pay a premium.  Those gigantic homes you see on house hunters are way out in the boonies and not walkable to ANYTHING.  The only "typical suburban" hood we were considering in Austin was Circle C, which is still considered "city of" but it is NOT downtown.  I wanted to live in Allandale or Woodhaven (right near Westlake HS-not "city of" but actually closer to downtown than Circle C).[/quote]

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