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][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]

Or they just don't have the same ideas of what "necessities" are as most of the people on this forum. (For instance, they send their kids to public school, not private school, even though no one on DCUM would think that's possible where they live.)[/quote]

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