It's been a long time since $100k was a lot of money
It remains an enormous amount of money for a lot of people.
100k is not enough for your typical American dream, which a _lot_ of people feel entitled to
$100k/year still might not be enough to buy a home
11–20 of 321 posts
Re: $100k/year still might not be enough to buy a home
#12Re: $100k/year still might not be enough to buy a home
#13Re: $100k/year still might not be enough to buy a home
#14Re: $100k/year still might not be enough to buy a home
#15I'm in a mini-retirement right now and living in SF. It was surprising to learn that below like $50k you basically pay 0 in income tax in California. As a single person I can very comfortably live off $40k/year in investment income and pay no taxes right now.
Re: $100k/year still might not be enough to buy a home
#16[Laughs In Bay Area]
Re: $100k/year still might not be enough to buy a home
#17There's very few places where there is an overlap of "jobs that pay $100k" and "homes that can be afforded at $100k salary".
Small town America will have $500 / month for a 2-bedroom apartment, while paying medical-doctors $200k+ / year.
But you may be the only doctor around for 10s of miles. Which is why you'd be so valuable. I'm sure there are other $100k to $200k jobs that small towns need.
No, you won't get high-tech or programming in small-town America. But there's more to life than just the tech-field. Its easy to forget because we're mostly programmers in this website.
Re: $100k/year still might not be enough to buy a home
#18It's been a long time since $100k was a lot of money
Median household income in USA is $59,039. That's both the mother AND father working to bring home $59,039 on the average (before taxes and other costs). Its clear you live in a rich area where $100k isn't much. But that's also why a large chunk of Americans think that "city-folk" are disconnected from reality. $100k is a lot for many people. My sister lives in an area (in USA) where a 2-bedroom apartment is just $50…
Rural folk don't understand that even if you're making 100k in the big city, a lot of that is eaten up by housing costs.
The fantasy of what people who don't earn 100k think 100k buys you is very different from the reality of what lifestyle 100k affords.
Re: $100k/year still might not be enough to buy a home
#19I'm behind a paywall, so I'm sure they pick up on this, but the biggest problem I ran into when I thought I could afford a house was the down payment. You can make $100k (or less!) and quite easily afford a monthly mortgage payment, but that doesn't necessarily mean you have enough saved up for a down payment.
Re: $100k/year still might not be enough to buy a home
#20Earlier quoted context omitted.
100k is not enough for your typical American dream, which a _lot_ of people feel entitled to
What is the typical american dream and why is there a typical version and an atypical version?
The typical american dream has always been a detached home with a car and 2 kids. At 100k a year I'd break even.