Reply to Ok can we stop saying $300k is "rich" in DC?

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Reply to "Ok can we stop saying $300k is "rich" in DC?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$300k in high COL areas is far from rich.  You get all the negatives of actually being rich like high taxes.  But none of the support of being poor like college financial aid for children.  $250-$500k is an economic death zone.  Sure you may get a better annual vacation or nicer car than someone making $50k, but the day to day quality of life is not that much different.  [/quote]

If you didn't SPEND all of your income for an expensive house in the most desirable parts of town, you would realize that you are, in fact, rich.

If you bought the same size house you have in PG County as you have in MoCo or NoVa, or if you bought the same size house in SE instead of NW, then you would probably have a lot more disposable income every month and would have the various perks that would make you feel rich.  You would be able to fully fund your retirement, your college funds, get better cars and take more vacations and not feel the pinch.

You are rich.  But you have chosen to SPEND your wealth on competing with others for the most desirable areas of town.  You made your choice.  If you were truly middle class, you wouldn't even be able to compete for houses in those areas.  You'd be lucky to compete for condos in those same areas.[/quote]

So you admit that the only way someone in DC making 300k can afford to fully fund retirement and college funds, get better cars and take more vacations is to live in violent areas with lousy schools, and you think this proves they are rich?[/quote]

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