Reply to What does middle class mean to you?

Forum Index » Money and Finances

Reply to "What does middle class mean to you?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Public school for children
Good cars, not luxury
Can afford rent or small house
Vacations at beach or lake
Saves a bit for retirement and college
[/quote]

What kind of public school? BCC? Richard Montgomery? Einstein? Kennedy?[/quote]

The neighborhood school where they housing they can afford is of course. [/quote]

So a homeowner in Great Falls zoned for Langley is “middle class”?[/quote]depends on when they purchased it or if they are a renter[/quote]

No, even if they were MC when they bought a home there, if they still own it and have successfully made their mortgage payments, they are no longer MC because of the massive increase in their property value. Even if their incomes are not super high. If you bought for $275k in 1999, and now your house is worth $1m and paid off, plus you've had had regular income increases to match current COL even though your housing costs are locked in at a very low rate (enabling you to save a lot of this increase in income), you are not really MC anymore because you own a million dollar asset free and clear. Middle class people don't own million dollar homes.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics