3 ms·
The problem is that we have a class of intelligentsia such as the author of this piece who thinks she knows better how the rest should live. It is a typical eli
by notyourday 8y ago
The problem is that we have a class of intelligentsia such as the author of this piece who thinks she knows better how the rest should live. It is a typical elitist attitude.
300k is not an expensive house. It is 6x 50k/year salary, which is the current not really even stretching for mortgage. In NYC 5k square feet house would cost ~4M if it is in Brooklyn or Queens and it would be much worse than McMansion but I'm sure the OP would be thinking it is wonderful because it is located in NYC.
- cjhopman 8y agoThe fact that you don't even recognize that 50k/year is significantly higher than the median income in many of these places (e.g. 38k in much of Green Bay WI https://www.incomebyzipcode.com/wisconsin/54303 https://www.incomebyzipcode.com/wisconsin/54303) and the fact that you use 6x income when investopedia say that most people can only afford 2-2.5x (https://www.investopedia.com/articles/pf/05/030905.asp https://www.investopedia.com/articles/pf/05/030905.asp) their income shows just how completely out of touch you are.