Reply to What is considered a "good salary" in the DMV?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our 450k combined barely covers the basics. Sorry, but I'd say at least 700+ to be comfortably UMC and be able to splurge once in a while.[/quote]

You don't has an income problem, you have a spending problem.[/quote]

+1
DW and I are both 50 and have been with the public schools for 28 years. Our HHI will be $208k next year and we are more than "covering the basics". [/quote]

Different generations talking past each other. Sure, if you bought your close-in house for $175k back in 1992, then of course you're doing fine now coasting on 200k. But nowadays young professionals must often shell out $1M+ for a basic shack and 2k+/mo in daycare alone. Not to mention crushing student loans. Maybe it doesn't take 700, but more than 200 for sure. And frankly the old boomer sermon about how millennials would be doing just fine if they only learned to spend their money more wisely is getting a bit tiring.[/quote]
Unless you are in McLean you are not shelling out $1m for a basic shack.   A ginormous MCMansion? Probably not but there’s tons of in between.[/quote]

Where have you been in the last year? There's another thread right now about how even places like Kingman Park have seen houses selling for 800-900k. It's absolutely insane for new buyers.[/quote]

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