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

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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]Renting an apartment is hardly middle class. Having a mortgage on a freestanding house is middle class. And that is expensive in the NYC Metro Region.[/quote]

And yet the vast majority of Westchester and Long Island residents live in households that make less than $200K.

[/quote]

The only people I know who have actually bought in NYC got into a Co-op in TriBeCa when the area was -relatively- cheaper.  The rest don't bother, not necessarily because they can't, but because they don't think its worth it.  Manhattan itself can be transient- a great place to live when you're single, a young couple, etc. but not necessarily when you have school aged kids.  My cousin and her husband rent a two bedroom in the Village and figure by the time their one year old is ready for kindergarten they'll have either moved to Boston or find a home in the burbs.  But for now they like the convenience of the city, and would probably laugh if someone said they were lower class because they rent.[/quote]

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