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Whats your Household income
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
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Posted 1/21/15 2:42 PM  |
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Re: Whats your Household income
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
I think the problem is, and not everyone, so don't flame me, many people feel they NEED to have this or that. I watch house hunters and everyone sounds like spoiled brats to me. I just CAN'T have one bathroom, or one car garage or that closet is too small. I NEED a finished basement or a pool or...or...or...
I get that LI is very expensive and we are trying to live here on very little but we make do and have for 20 + years. It can't be done if you need to have what everyone else has and what people have after so many years of working themselves up.
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| Posted 1/21/15 2:57 PM |
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Daisy32
Mommy
Member since 2/08 8081 total posts
Name:
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Re: Whats your Household income
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
Do YOU personally know what her situation is? What kind of expenses/debt they have and WHY they have that expense/debt?? NO...probably not. So save your nasty comments.
Message edited 1/21/2015 2:59:42 PM.
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| Posted 1/21/15 2:57 PM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Re: Whats your Household income
Posted by afternoondelight828
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
I have to agree. We live on half of that on LI and own a home, have 2 cars, 2 kids and pay our bills on time.
You can't put people in a box, everyone's situation is different.
We don't live extravagantly by ANY means. We are not struggling but do not have it easy either....
For instance look at this scenario -
It can cost a married couple just under $10,000 a year just to get to work (LIRR and subway pass) If you travel from out east (Ronkonkoma, this is easily more). If you gross that up and assume 60% take home pay, you need to make rougly $16,000 a year just to get to work. And, this does not included the cost to own a car i.e., gas, insurance, and maintenance.
Now child care - one child say is $20K a year. Gross that up, you need to make $34K a year to pay for that.
So right there between commutting and childcare is $50,000 of gross salary. That is 1/3 of the highest bracket on this survey.
Some may argue the 60% take home pay but I will counter back that 40% of your total net income will go to taxes once you factor in ALL of your taxes (income, real estate, sales, other government fees you don't even realize your paying, tax on certain commodities, DMV fees, professional license fees, tolls, etc.)
Message edited 1/21/2015 3:00:53 PM.
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| Posted 1/21/15 2:58 PM |
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by Daisy32
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
Do YOU personally know what her situation is? What kind of expenses/debt they have and WHY they have that expense/debt?? NO...probably not. So save your nasty comments.
I did not make a nasty comment. I don't know her situation but it really doesn't matter. If someone is making over $150k as a household, and living within their means then there isn't a problem living here. If, by situation, you mean a medical catastrophe, then it wouldn't matter where someone lives, that will be hard to live with anywhere. We all have our problems and we all choose how to live with them. Some choose to be smart and give up cable, smart phones and other luxuries. Some people think that is more important to appear richer than you are. I am in neither boat, but if the situation should arise, my cable bill, smart phone bill and anything else I can cut will be gone. That is living within your means.
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| Posted 1/21/15 3:09 PM |
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by bunnyluck
Posted by afternoondelight828
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
I have to agree. We live on half of that on LI and own a home, have 2 cars, 2 kids and pay our bills on time.
You can't put people in a box, everyone's situation is different.
We don't live extravagantly by ANY means. We are not struggling but do not have it easy either....
For instance look at this scenario -
It can cost a married couple just under $10,000 a year just to get to work (LIRR and subway pass) If you travel from out east (Ronkonkoma, this is easily more). If you gross that up and assume 60% take home pay, you need to make rougly $16,000 a year just to get to work. And, this does not included the cost to own a car i.e., gas, insurance, and maintenance.
Now child care - one child say is $20K a year. Gross that up, you need to make $34K a year to pay for that.
So right there between commutting and childcare is $50,000 of gross salary. That is 1/3 of the highest bracket on this survey.
Some may argue the 60% take home pay but I will counter back that 40% of your total net income will go to taxes once you factor in ALL of your taxes (income, real estate, sales, other government fees you don't even realize your paying, tax on certain commodities, DMV fees, professional license fees, tolls, etc.)
That would still leave you $60,000 to pay your mortgage, utilities, and everyday items for the year. And if you are living in Riverhead, you are probably saving on real estate taxes and mortgage because it isn't as expensive to live out there. Even if your mortgage and taxes came out to $2500 a month, that would be $30,000 for the year. You still have $30,000 for all other expenses in your life. Personally, I will still be able to fund my roth IRA and put at least some money into savings.
Message edited 1/21/2015 3:19:22 PM.
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| Posted 1/21/15 3:15 PM |
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Re: Whats your Household income
Posted by bunnyluck
Posted by afternoondelight828
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
I have to agree. We live on half of that on LI and own a home, have 2 cars, 2 kids and pay our bills on time.
You can't put people in a box, everyone's situation is different.
We don't live extravagantly by ANY means. We are not struggling but do not have it easy either....
For instance look at this scenario -
It can cost a married couple just under $10,000 a year just to get to work (LIRR and subway pass) If you travel from out east (Ronkonkoma, this is easily more). If you gross that up and assume 60% take home pay, you need to make rougly $16,000 a year just to get to work. And, this does not included the cost to own a car i.e., gas, insurance, and maintenance.
Now child care - one child say is $20K a year. Gross that up, you need to make $34K a year to pay for that.
So right there between commutting and childcare is $50,000 of gross salary. That is 1/3 of the highest bracket on this survey.
Some may argue the 60% take home pay but I will counter back that 40% of your total net income will go to taxes once you factor in ALL of your taxes (income, real estate, sales, other government fees you don't even realize your paying, tax on certain commodities, DMV fees, professional license fees, tolls, etc.)
Yes, everyone's situation is different. We don't commute by the railroad. My company paid a percentage for daycare when the kids were in daycare. All of that helps.
When we bought our home we were making LESS than $50,000 combined and had kids 2 years after that.
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| Posted 1/21/15 3:15 PM |
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Daisy32
Mommy
Member since 2/08 8081 total posts
Name:
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Re: Whats your Household income
Posted by SlurpeeDad
Posted by Daisy32
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
Do YOU personally know what her situation is? What kind of expenses/debt they have and WHY they have that expense/debt?? NO...probably not. So save your nasty comments.
I did not make a nasty comment. I don't know her situation but it really doesn't matter. If someone is making over $150k as a household, and living within their means then there isn't a problem living here. If, by situation, you mean a medical catastrophe, then it wouldn't matter where someone lives, that will be hard to live with anywhere. We all have our problems and we all choose how to live with them. Some choose to be smart and give up cable, smart phones and other luxuries. Some people think that is more important to appear richer than you are. I am in neither boat, but if the situation should arise, my cable bill, smart phone bill and anything else I can cut will be gone. That is living within your means.
Point taken and while i agree with you to an extent you specifically singled her out. How do you know she's not already making the cut backs you listed? Just saying it was a tad judgmental ;)
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| Posted 1/21/15 3:18 PM |
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by Daisy32
Posted by SlurpeeDad
Posted by Daisy32
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
Do YOU personally know what her situation is? What kind of expenses/debt they have and WHY they have that expense/debt?? NO...probably not. So save your nasty comments.
I did not make a nasty comment. I don't know her situation but it really doesn't matter. If someone is making over $150k as a household, and living within their means then there isn't a problem living here. If, by situation, you mean a medical catastrophe, then it wouldn't matter where someone lives, that will be hard to live with anywhere. We all have our problems and we all choose how to live with them. Some choose to be smart and give up cable, smart phones and other luxuries. Some people think that is more important to appear richer than you are. I am in neither boat, but if the situation should arise, my cable bill, smart phone bill and anything else I can cut will be gone. That is living within your means.
Point taken and while i agree with you to an extent you specifically singled her out. How do you know she's not already making the cut backs you listed? Just saying it was a tad judgmental ;)
In some ways my comment was directed towards her because she made a strange comment about having holes in her boots while bringing in, what appears to be, a significant amount of money. Take a look at the make up of this board. Many people make less than $100k combined, and it is pretty annoying to read how people that are doing better, ***** about how it's not enough, when we (the community) make it by alright. If you gave anyone making under $100k another $50k they wouldn't complain about having to buy new boots and not having they money.
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| Posted 1/21/15 3:23 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ETA - IMO, a HUGE factor is WHEN you purchased your home on LI. If you bought when this market was soaring, as I did, it really changes your financial picture. From your reply above, I will say I WISH my mortgage payment was only $2500/month..............my FIRST mortgage is more than that! And I'm not living extravagantly in a giant 3000 sq ft house either.
Message edited 1/21/2015 3:30:47 PM.
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| Posted 1/21/15 3:26 PM |
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Re: Whats your Household income
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ITA that you really don't know what people have going on in their lives. BUT, if you look at the majority of people, on here and who you deal with on LI on a regular basis, there are many that complain how expensive everything is but are out there spending money like water on frivolous things.
If you are making $150,000 a year and have holes in your shoes, you are doing something wrong. Sorry to sound so blunt but you can go to payless and get a pair of boots for $20 or less on sale.
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| Posted 1/21/15 3:30 PM |
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
90% of the time I agree with you, Hofstra, but not here. Yes, you can eat into $150k with mortgages, debts, medical expensies, etc. but you choose where to live and what type of mortgage to have. Again, if you live within your means you can have an affordable mortgage and then be able to pay for healthcare. I see the big picture and most of the time, people are trying to keep up with others.
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| Posted 1/21/15 3:31 PM |
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SlurpeeDad
LIF Adolescent
Member since 1/11 713 total posts
Name:
SlurpeeDad
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Re: Whats your Household income
Posted by afternoondelight828
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ITA that you really don't know what people have going on in their lives. BUT, if you look at the majority of people, on here and who you deal with on LI on a regular basis, there are many that complain how expensive everything is but are out there spending money like water on frivolous things.
If you are making $150,000 a year and have holes in your shoes, you are doing something wrong. Sorry to sound so blunt but you can go to payless and get a pair of boots for $20 or less on sale.
Spot on!
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| Posted 1/21/15 3:32 PM |
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Re: Whats your Household income
Posted by SlurpeeDad
Posted by afternoondelight828
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ITA that you really don't know what people have going on in their lives. BUT, if you look at the majority of people, on here and who you deal with on LI on a regular basis, there are many that complain how expensive everything is but are out there spending money like water on frivolous things.
If you are making $150,000 a year and have holes in your shoes, you are doing something wrong. Sorry to sound so blunt but you can go to payless and get a pair of boots for $20 or less on sale.
Spot on!
No one wants to live forever in a "starter" home. Many of us do and that is why we can live on less. I would rather work less hours, commute less time and have smaller bills.
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| Posted 1/21/15 3:35 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
Posted by SlurpeeDad
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
90% of the time I agree with you, Hofstra, but not here. Yes, you can eat into $150k with mortgages, debts, medical expensies, etc. but you choose where to live and what type of mortgage to have. Again, if you live within your means you can have an affordable mortgage and then be able to pay for healthcare. I see the big picture and most of the time, people are trying to keep up with others.
I understand what you're saying. I do. I just feel like there are so many other factors to consider when you're talking about salary and lifestyle. That's all. 
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| Posted 1/21/15 3:36 PM |
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Re: Whats your Household income
Posted by Hofstra26
Posted by SlurpeeDad
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
90% of the time I agree with you, Hofstra, but not here. Yes, you can eat into $150k with mortgages, debts, medical expensies, etc. but you choose where to live and what type of mortgage to have. Again, if you live within your means you can have an affordable mortgage and then be able to pay for healthcare. I see the big picture and most of the time, people are trying to keep up with others.
I understand what you're saying. I do. I just feel like there are so many other factors to consider when you're talking about salary and lifestyle. That's all.
ITA with you and I think lifestyle has a BIG part in this discussion.
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| Posted 1/21/15 3:47 PM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Re: Whats your Household income
Posted by Daisy32
Posted by SlurpeeDad
Posted by bunnyluck
We make above the highest bracket on this page and we had one car up until a month ago and my boots have a hole in them so my feet get wet everytime it rains.
We make less than the top bracket. We have a house and two cars (paid off and both paid off our student loans. We have two kids and our boots don't have holes in them. We live within our means and feel very comfortable living on Long Island.
Do YOU personally know what her situation is? What kind of expenses/debt they have and WHY they have that expense/debt?? NO...probably not. So save your nasty comments.
Thanks for the support!!!
I was really just kidding (although, embarassingly enough it is the truth).
But mainly because we actaully did not need a second car up until a month ago and my boots have holes in them but I wear them anyway because I freakin LOVE them and I hate to shop.
My point is just that everyone's siutation is so different. For the most part, people making over $150 can do just fine or at least *should* be able to. But there are a lot of other factors at play (not just folks being irresponsible). There are astronomical expenses we ALL incurr and some that only some incur, regardless of income level.
Um why is cable and internet almost $200 a month?????? The fact that we now call cable and phone a "luxury" item is just really, really sad to me.
And the fact that New Yorkers are placed into the same Tax brackets as the fine residents of Iowa is just bizzare.
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| Posted 1/21/15 4:04 PM |
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Seawolf
LIF Adult
Member since 3/14 1336 total posts
Name:
Scrumba
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Re: Whats your Household income
What I want to know is WHY does pizza with a special topping now cost $4 a slice?
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| Posted 1/21/15 4:06 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Whats your Household income
Posted by KittyShops
What I want to know is WHY does pizza with a special topping now cost $4 a slice?
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| Posted 1/21/15 4:08 PM |
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CSK
LIF Adolescent
Member since 9/11 892 total posts
Name:
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Re: Whats your Household income
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ETA - IMO, a HUGE factor is WHEN you purchased your home on LI. If you bought when this market was soaring, as I did, it really changes your financial picture. From your reply above, I will say I WISH my mortgage payment was only $2500/month..............my FIRST mortgage is more than that! And I'm not living extravagantly in a giant 3000 sq ft house either.
I agree with this.
Lots of people who bought there house more than 10 years ago can make it just fine on a lot less than the median income here. However, I bet you'll find that there are a lot of people over 40 who couldn't afford to buy the house they currently live in if they had to purchase it in the current market. If you add taxes, insurance, electric, gas, water, phone, internet, housing costs are a HUGE part of every budget on long island. Not sure what other people think is normal, but all those things together is more than 50% of my take home, and we haven't covered food or transportation yet. And bought in 2010 in a middle class town on the south shore, not in a high end north shore town. I'm not quite in the top bracket here, but above the median slightly.
Although I agree that there are definitely some people who act like luxuries are necessities........ I think there is a lot of grandstanding here
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| Posted 1/21/15 4:15 PM |
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Re: Whats your Household income
Posted by KittyShops
What I want to know is WHY does pizza with a special topping now cost $4 a slice?
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| Posted 1/21/15 4:16 PM |
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Re: Whats your Household income
Posted by CSK
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ETA - IMO, a HUGE factor is WHEN you purchased your home on LI. If you bought when this market was soaring, as I did, it really changes your financial picture. From your reply above, I will say I WISH my mortgage payment was only $2500/month..............my FIRST mortgage is more than that! And I'm not living extravagantly in a giant 3000 sq ft house either.
I agree with this.
Lots of people who bought there house more than 10 years ago can make it just fine on a lot less than the median income here. However, I bet you'll find that there are a lot of people over 40 who couldn't afford to buy the house they currently live in if they had to purchase it in the current market. If you add taxes, insurance, electric, gas, water, phone, internet, housing costs are a HUGE part of every budget on long island. Not sure what other people think is normal, but all those things together is more than 50% of my take home, and we haven't covered food or transportation yet. And bought in 2010 in a middle class town on the south shore, not in a high end north shore town. I'm not quite in the top bracket here, but above the median slightly.
Although I agree that there are definitely some people who act like luxuries are necessities........ I think there is a lot of grandstanding here
I do agree that it all goes by individual to individual but many of us, who live on less see others complain about things that are not necessities in life. Again, back to the house hunters show and other shows in the same realm where people just can't live with things that many others do without.
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| Posted 1/21/15 4:19 PM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Re: Whats your Household income
Posted by KittyShops
What I want to know is WHY does pizza with a special topping now cost $4 a slice?
Gone are the days of $1 pizza. Except in NYC, where those garlic slices near Grand Central are simply fantastic.
Message edited 1/21/2015 4:32:48 PM.
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| Posted 1/21/15 4:32 PM |
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Daisy32
Mommy
Member since 2/08 8081 total posts
Name:
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Re: Whats your Household income
Posted by Hofstra26
Posted by SlurpeeDad
This thread really annoys me. Reading about how people make over $150k and have a hard time making it work on Long Island is absurd. If you choose to live within your means, there are no issues living here on that amount of money. Actually, if you live within your means, you can make it by on much less.
Your statement is ignorant.
Salary is just a number. Unless you know someone's expenses you can't just assume anything. Between what people pay to service mortgages, debts, medical expenses, day care costs, etc. etc. etc. that $150K gets eaten up pretty quickly. ANY salary gets eaten up quickly when you factor in expenses and that's NOT assuming an extravagant lifestyle either, which your average person likely doesn't have.
I'm not saying $150K isn't a nice salary, it is, but without seeing the bigger picture of what someone has to pay out in expenses it's silly to assume anything about what they can afford or how they should be living.
ETA - IMO, a HUGE factor is WHEN you purchased your home on LI. If you bought when this market was soaring, as I did, it really changes your financial picture. From your reply above, I will say I WISH my mortgage payment was only $2500/month..............my FIRST mortgage is more than that! And I'm not living extravagantly in a giant 3000 sq ft house either.
ITA
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| Posted 1/21/15 4:47 PM |
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Daisy32
Mommy
Member since 2/08 8081 total posts
Name:
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Re: Whats your Household income
Posted by KittyShops
What I want to know is WHY does pizza with a special topping now cost $4 a slice?
yeah seriously! I paid almost 5 bucks last week for a bagel with flavored cream cheese! I was shocked when they told me how much it was!
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| Posted 1/21/15 4:48 PM |
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