Disgustipated
Deity
Family income of $200k would be enough for me and my family to comfortably survive. It wouldn’t leave much extra, but enough. That said… I would naturally want to have more, if possible.
You ever try to buy a house in the DC area? Seriously, to qualify for low income housing in this area you need a salary of up to $60,000 for a family of 4.
Want to take a guess how much it costs to put a kid in daycare? Try 3 at once… And a hefty mortgage for a not too big 60 year old house.
Not everyone who makes over $50k is wasting it on things like BMWs and other luxuries.
I drive a Honda Civic.
Quite true, and I agree fully!
EDIT: @Disgustipated: I just did a quick real estate search for Las Vegas and was shocked by what I found. Now I don’t know what neighborhoods are good and what are bad, but I was finding 4-5 bedroom houses in the 1500-2000sq ft range for $15,000. No I didn’t forget any zeros.
No wonder you feel that you can live fine off of $50,000 per year.
I think you are missing a 0.

LOL where did you find that house? I'm guessing crack central. The local newspaper did an article on real estate last year. I believe the lowest price was $10,000. It was at Martin Luther King and Lake Mead Blvd. I won't go into details, but we all should know what type of neighborhood roads named Martin Luther King reside in most cities. It is crack central. I don't know how many bedrooms this particular house had, but I doubt it was 1500 to 2000 sq feet.
But perhaps you could find an auction price that low, who knows.
The average home price in Vegas is still above $100,000. New home sell for much more than that.
and I acknowledge if you live in expensive areas such as Washington D.C., New York, Southern California, you will need to make that $100,000. Housing is far too expensive there.