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Reply to "Is a family in DC making $200k "wealthy"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In DC, no I dont think its wealthy. This areas cst of living is heinous. I could buy a "mansion" for cash in NC for the amount I am putting down in a 20% payment to buy a pill box house here. Personally, I think they should have tax regions for each economic level. Why should I be taxed what a family with $200k in Kansas is making. Completely different situations.[/quote] I made $75k in NC when I was single, bought a 5 bedroom new home on 1/2 acre in waterfront community, 500 yards from the community dock. I definitely felt like part of the upper 5% of the population, on 75k. There's no way I could afford anything like that in DC, even though DH and I make $250k. I definitely DONT felt like part of the upper 2% of the population here, even though that's what the graph shows our family is based on HHI. I also agree that there should be special tax regions based on what zip code you work in. [/quote] Ha you just made me depressed. DH and I really want to move down south just for the reason of raising a family in an area with a better cost of living. But we are stuck up here :( I would love to move to NC![/quote] Same with us! My husband makes about $180,000. In D.C., I felt like we were barely making it. We lived in a modest, 30 year old four bedroom house in a nice, but far out suburb. Our mortgage was $2900 a month. The house sold for $575,000. We were transfered to Florida last summer. We have a five bedroom house with a pool in our backyard, in a golf, tennis, swim neighborhood. There are two pools in our neighborhood, plus a full waterpark, complete with huge waters slides, a lazy river, and a splash ground. My youngest rides his bike to school. We can drive golfcarts just about everywhere. And my favorite....the nice waitresses at the pool bring frozen adult beverages to your chair while you relax at the pool. It's like being on vacation. And our house sits on the water. I can sit on my back porch and watch egrets, ducks, pelicans, blue herons,..... play while I drink my morning coffee. Seriously, I keep waiting to find out there are bodies buried under the houses. The schools in our area are excellent. The weather is unbelievable. I can be at the beach in about 10 minutes. My husband's commute is well under 30 minutes. There is no real traffic. Crime is almost non existent. And our house was less than $200,000. Five bedrooms. Brand new. On the water. For less than $200,000. Our mortgage payment is $1400 a month, including HOA fees. My husband makes exactly the same amount of money that he did in D.C.. In D.C., I felt like we barely got by. Down here, I feel like we are wealthy comparatively. I know we'll have to move back to D.C. at least one more time for 18 months. But we are keeping our house here in Florida. This is where we will retire.[/quote]
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