Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We went from 150k to 450k, the only thing that changed was a larger new house, our disposable income is the same.[/quote]

Sounds like a silly choice to me but YMMV[/quote]

Sounds ok to me, would it be better to buy a new car[/quote]

Assuming that they were spending some money on housing before, their housing expenses are now more than 1/2 their take home pay.   That seems like a very bad decision.

A good decision might be to increase the mortgage by a couple thousand a month, and use the rest for increased savings towards retirement, college etc . . . , and maybe treat oneself to something like a vacation once in a while.  That's very possible on $350K.  [/quote]

As a real middle class person - if our HHI went up that much - sure we'd buy a nice house. But let me define nicer.  First we'd have more than one full bath (which is what we currently have).  I want a real vanity (with space to put things on) in the bathroom.  Possibly a gas fire place.  A bit more square footage.  If it ends up still being a townhouse that is fine.  In other words - we'd love to upgrade but within reason.  We'd rather do other things with our money.   And that would be a choice.  Therefore I agree - a higher salary does indeed give you the ability to make choices.  If you choose to max out on house and then plead poverty because you have no disposable income - that is a choice.  [/quote]

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