Reply to 200k is not much money

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]200K is the top 20% of HHI in the DC metropolitan area.  If you feel you need to "compromise", you are an entitled spoiled brat whose completely out-of-touch with reality.[/quote]

I'd love for you to link us a 4br+ 4000sf+ single family home in a top school district and low crime with a big yard, garage, and a 15 minute commute to downtown DC that you could afford on a $200K income while maxing out 2 401Ks, Roth IRAs, and 529s for 3 kids.

Because if you can't find all of that, you're going to have to give some of it up to be able to find something you can afford. And what's another word for giving things up to be able to get some of what you want? It starts with a "C..."[/quote]

Agree.  A comfortable, middle class to upper middle class lifestyle to me means:

- max out 401k(s) or IRA(s)
- adequately save in a 529 plan
- mortgage on a ~3000 SF house with a 2-car garage and a yard in a safe neighborhood in a good school district
- 2 vacations a year
- kids' activities (and child care if both parents work)
- family car(s)

$200,000 / year isn't enough for the above-described lifestyle.  No chauffeurs or other extravagant expenses mentioned above. 
[/quote]

[b]That's not a middle class lifestyle, not in the US right now. [/b]Maybe it was for boomers but not today.[/quote]

This is like parents with a kid who got a 33 on ACT saying he is in 97%tile in US. It maybe a true statement but not in DMV. [b]It's barely 50%tile or so (my guess) b/c so many kids get 34-36s. [/b]It's not a generational issue, it's a locality issue. [/quote]

This is so out of touch too! Just bc there are a lot of people with high scores and high incomes doesn't make 200k income and 35 ACT the "middle".  Look at actual data--that's top 20% HHI in the DMV and top 5% ACT scores in the DMV.  [/quote]

You are proving my point. It’s middle for this area. That was the whole point. Ugh…[/quote]

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