Reply to What is Middle Class....Really?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you're pulling in $200K but live in a McMansion with no equity and a massive ARM, leverage yourself to your eyeballs to take extravagant vacations, and lease 7-series' for each of your kids, and losing your job means you lose all of that the next month the bills are due, you're working class.

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lol..  nobody making 200k is doing any of that stuff.  200k = getting by, no private school, shopping at Aldi or shoppers, driving Hondas and living in a 1800sf shitshack with a tiny lot and a carport.  To do the stuff you are talking about would be at least 400-500k or more if you are really leasing 7 series for your kids.  That's probably actually getting to $1M.[/quote]

New poster here. See I don't understand this, how could 200K be getting by? What you described is how my family of 4 lived but my parents barely had a HHI of 60K. I also lived in the NYC metro area, so COL is higher than DC. Had I grown up on 200k life would have been SO good and I would still be in the NYC area.

If you're just getting by on 200k in this area then something is wrong with your day-to-day expenses or you have crazy debt of some kind. I can see where the OP is coming from.[/quote]
Agree. An income of $200,000 leaves you with close to $15,000 a month after taxes. A month! In what world does that translate into "just getting by"?

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I swear, this is the same person complaining about their 1800sf shitshack in every other real estate/money forum. [/quote]

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