Reply to Is 300k the new 100k? At what HHI does one "make it"?

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Reply to "Is 300k the new 100k? At what HHI does one "make it"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I think the naysayers need to understand that this is a really expensive area[/b]. Make 101k with household income for 220k. Live in a small rambler where schools are an 8, send kid to preschool, two old cars, no debt except mortgage. Max out retirements, eat out 2x/week, shop at whole foods/farmers markets and save a little on top of it. One vacation per year usually to the beach. Great, right? And I should be grateful. [b]But now imagine if one of us loses a job or worse dies, we won't be able to afford even school, mortgage and retirement. T[/b]hat is the root of my financial insecurity.

My definition of being well-off is to make more so we can continue lifestyle on the lower income or alternately have an acceptable lifestyle on the lower income. At 100k, it is difficult.[/quote]

First bold: You assume the "naysayers" don't live in this area. We do. We understand it is pricey, but 100-250K around here is MORE than enough. More.
Second bold: Yeah. Imagine if that happens to someone making 50,000 or 500,000. [b]The same consequences apply for the most part.[/b] You live within your income, you lose one of the incomes, you're gonna suffer. Not really seeing your point here. All is hear i "waaah wahhha mo' money mo'problems."[/quote]

This is where you are wrong. The consequences are the not the same when the remaining salary is 100K vs 300K. With 100K, you can't afford your kid or a 'shit-sack' in a good school district. At 300K or 500K, you could still do this.[/quote]

So, how do you explain all the people with kids who manage tonsurvive around d here on 100k? Oh the horror! They rent or live in a townhomes/condo. [/quote]

or many of them have extenuating circumstances:
-bought a house 10+ years ago (which is either their current house or rolled into their current house)
-have grandparents who pay for private school so they can live in an area with crummy schools
-won the charter lotttery
-etc
-etc
[/quote]

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