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Schools and Education General Discussion
Reply to "Teachers are underpaid?"
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[quote=Anonymous][quote]Clearly some industries are, given that, if houses are selling for $600,000-$1,000,000+, somebody is buying them. And I don't think it's all Russian oligarchs finding a place to stash their money in the West, as with the expensive apartments in London.[/quote] A few things 1) A lot of people spend more money on housing than in the past and really stretch. It's not unheard of to spend 40-50% of your take home on housing. 2) A lot of people work in high paid jobs AND also get a big chunk of change from their parents for a downpayment. A lot of people in professional jobs have professional parents. So you just need to make enough money to pay the mortgage and taxes, which is often on par or cheaper than rent. 3) The few industries that do pay that highly seem to include Big Law, lobbyists, CEO, doctor (but only specialist), finance person, some defense contractors.[/quote]
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