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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]if you want the generic "american dream" in the DC area 250K isn't enough let alone be "rich". Rich in IMO is  exceeding the american dream and having money to spend on extra things like a vacation house, extravagent international family vacations, first class airplane tickets for your whole family and still exceed the "american dream" standard.

The generic american dream IMO is the following:

3000 SQRFT Newer House (less than 10 years old) In a Good neighborhood (Mclean, Vienna, Bethesda etc...), WITHOUT previous housing appreciation as a downpayment (starting fresh)

NOT private school (because you are in the above neighborhood)

Pay for Health Insurance, Utilities / Gas / Food, going out to eat on the weekends, weekend activities

Save and later pay for your 2.5 kid's 4 year colleges

2 $40K cars (payment meaning 2-3 years old)

Someone to cut lawn

Someone to clean your house

If you are younger, childcare for your 2.5 kids

After school activities

Car for your teenagers

Retain your same lifestyle in retirement minus a house payment (assuming you pay your house off)[/quote]

That is is the American fantasy not the American dream.  [/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]

We have all of this on $250k/year with the only exception being we live in Loudoun and DH has a 15 minute commute to his job in Reston. It's fairly typical out here, with short commutes, but haters gonna hate.[/quote]

I feel I have all of this in Prince Georges excluding the public school.   So we pay for private which we can do because our house is affordable and can be paid off before we are 45.[/quote]

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