Reply to If you're not rich, are you just screwed?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is not unique to DC, look at real estate in and near NYC.  Plenty of people with very good incomes cannot afford to live well in the city.

We are a two fed household with a HHI just over 300k (and we are not young, mid and late 40s).  We have a house in a desireable DC neighborhood with good public schools but are just now able to consider updating and expanding our small older home because our youngest is entering public school next year and our child care costs will go down dramatically.  I appreciate that we do very well, but we budget carefully and in no way feel rich financially for the area.  Outside of this context I realize we are very well off compared to the nation and world population generally so I am not crying poor or complaining.

I think the honest answer is that the cost of living here is very high and people and many good income levels are going to have to make compromises in their livings desires/requirements.

[/quote]

If you dont mind sharing, how much did your house cost and what year did you buy?[/quote]

We paid just under $700K in 2004, so not peak but not a bargain.  And for the other question, we are both GS 15s and have been for a while.  [/quote]

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