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[quote=Anonymous][quote=Anonymous][quote]I was talking with a younger colleague last week. They're paying over $5000 a month between rent and childcare (we're not in DC) and I couldn't believe it. My kids are all older, but I have no idea how people manage with costs like that. I know how much he makes and his salary alone isn't enough to cover that. [/quote]

I have zero sympathy.  Having children and living in high-cost areas are choices.[/quote]

The PP said they’re not in DC. 5k/month is like a 2k daycare bill and 3k mortgage, which is actually a really average breakdown. Or could be 2 kids (even a fairly affordable in home daycare would easily be $2,600/month for a couple kids) with about a $2,400 mortgage, which is maybe a townhouse or small home somewhere that isn’t even super HCOL. Also moving to a LCOL area is also going to reduce salary for many sectors, so the overall budget stretch is still the same.

You are either some out of touch old person who hasn’t bought a home or paid for children in recent memory, or you don’t have kids.

I grew up in a suburb of a middling city in the south that this board would hate on and it’s still not relatively cheap compared to the low salaries/skimpy job market down there.[/quote]

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