Reply to Poverty level is $140,000 for a family. Really.

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Reply to "Poverty level is $140,000 for a family. Really."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I remember when we were renting a one bedroom in Silver Spring and had two little kids. We earned 80K as a household.

And now we're in a SFH in Bethesda, still earning below 140K a year. We've lived frugal lives for decades. DC1 is in college, DC2 in high school.

It can be done. We never felt poor.[/quote]

You know things are more expensive than 10-15 years ago, right?

I also find it hard to believe you paid for daycare for two kids on an $80k income, even 15 years ago.[/quote]

People like the PP always have a grandmother who provided free childcare or some other significant financial help that they completely dismiss, in favor of the narrative that they did it on their own.

The reality is that an 80K salary wouldn’t even be enough to cover the mortgage on the tiniest of single family homes in Bethesda.

I live nearby in Rockville and prices have gone up so much that I wouldn’t be able to afford my own house if we were buying today. And I only bought 10 years ago.

It takes an enormous lack of self awareness to not understand the role that luck plays in the timing of the housing market. I would expect similar lack of self awareness about other factors like an inheritance that paid for the Bethesda house or years of free childcare from family. [/quote]

Something isn't adding up with the pp's story. Where in Bethesda could someone afford to buy a SFH on ~$100k HHI in 2010? As you said, it seems like they must have come into money.[/quote]

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