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[quote=Anonymous][quote=Anonymous]Some crazy lifestyles here. 30-50k a month is insane.[/quote]

The Bureau of Labor Statistics Consumer Expenditure Survey shows that families spend about 25% of pre-tax income on housing.  Suppose housing costs around 6% of value.  Then your family income would be around 24% of house value.  If you make a good income, then you want to live in a nice neighborhood with good schools for your kids.  The DCUM Real Estate subforum has endless threads about houses in McLean, Great Falls, Potomac, and Chevy Chase costing $2MM or more.  That buys a "nice" house in the best neighborhoods, but not a McMansion.  A $2MM house requires a $480K pre-tax income to be comfortable and not "house poor".  That is a pre-tax income of $40K per month and paycheck of $24K per month.  But the mortgage payment is $10K.  The remaining $14K per month covers cars, food, college and retirement savings, and vacations.

Posters with children pay for nannies, schools, camps, and college.  I haven't even added a second home or anything exotic.  Go to Realtor.com and look for areas with houses above $2MM near good public schools.  That is where families make "insane" money while living pretty modest lifestyles.[/quote]

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