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Reply to "To those who can't make ends meet on $250K, take note:"
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[quote=Anonymous][quote=Anonymous]Ho boy. Listen, different markets, different costs of living. It is quite feasible that a family making $250K in the DC area is having a hard time of it if: 1. They both have high pressure jobs and therefore have to pay for flexible child care (eg. nanny) 2. Have graduate school (law; med; whatever) and undergrad debt 3. Want to live close to where they work so they're not on the road an hour each way (cue very expensive housing!) and want something better than a 2BR condo (we're looking at probably $3000/mo rent or mortgage) 4. Have two or more children, so are putting away for college each month 5. Want to travel with their family of 4 to visit relatives over the holidays, or host relatives at their place (we're not talking four-star accommodations, here; just regular stuff) I'd say the #1 cost issues here are higher education, housing, and child care. [/quote] Yes, if you live a life of luxury while not making a salary that supports a life of luxury, you will have a hard time making it. Guess what? Not everyone gets to have a short commute and family vacations and large, downtown apartments/condos while paying off student debt and saving for your kids' colleges. Those aren't needs. If you want to pursue that, great. Good for you. But recognize what that costs and how much you make and the potential disconnect between these two things.[/quote]
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