Reply to Ok can we stop saying $300k is "rich" in DC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]300k gets you a starter home and a used car. Dinners at Chain restaurants, clothes from Kolhs and occasional vacation. It is not rich at all for a family.  [/quote]

who are these clowns who can't figure out how to live on 300k?[/quote]

Seriously.  Wtf?[/quote]

Our HHI is $300K.  We have two kids, including one with higher than average medical care needs.  We are doing just fine.  We max out retirement, save for college/emergencies/house repairs/the next car, invest some, have a spacious single-family home near a metro (that we bought within the last couple of years -- so no pre-bubble, low mortgage), two cars (though one was purchased used because we don't give a shit about cars as long as they get us from point A to point B reliably and comfortably), frequently eat at local restaurants, take at least one vacation a year, and buy clothes from a variety of places (have actually never set foot in a Kohls, I don't think).  I don't think anyone would confuse us with the wealthy, but to suggest that $300K in the DC area is tough to live on?  It's really not.  We will be sending our special needs child to private school next year that costs as much as our mortgage, and even fitting that into the budget didn't require that much belt-tightening.  If you can't live in DC on $300K, you need to take a money management course.[/quote]

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