Reply to PSA: $250K family of 4 in the DMV area is not middle class

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Reply to "PSA: $250K family of 4 in the DMV area is not middle class"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a family of five in DC with a HHI of about exactly $250k, I 100% agree. Honestly, we could really feel the difference in moving Fromm about $225k to about $250k - I think around here that’s about the tipping point from UMC to… well upper class has implications beyond income, so let’s say “well off.”[/quote]

Yes, I think once we tipped over $210k HHI, we went from feeling like we were juggling a bit with daycare etc, and then being able to really sock away money for retirement and college.  We can absorb summer camp expenses pretty well.  We can pay for vacations and house repairs only needing to "borrow" from our savings and then can pay it back.  We're at about $250k now too, family of 4.   Childcare goes down each year and since we don't do expensive travel sports, that money is freed up for other things.

We have kept our housing costs low by staying in what many might consider a starter home.  But it works really well for us.  And I would much rather have a house that feels a little tight for a few years when I have tweens, then a house that's too big/expensive for teenage years and beyond.  If something happened to one of us, the other could stay in this house and still be financially solvent.  [/quote]

Similar situation for us.  My ILs clearly think we are lame for not upgrading to a bigger house but SIL/BIL now have this huge 5BR McMansion and they're teens are heading off to college and they were super stressed last year when BIL lost his job because they couldn't afford the mortgage for long without his salary. [/quote]

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