5 ms·

Sadly, 100K isn't that much these days if you have a family and you live in an expensive city like Toronto or New York.

cheez 16y ago
You must also live in Toronto :)
baddox 16y ago
I think you need to elaborate on what you mean by "not that much these days." According to a bit of Googling, 100k in NYC is about 48k where I live. 48k family income around here for a family with 2 adults and 2 children is far from rich, but it's fairly reasonable middle class and it's certainly doable with a modicum of responsible finance-handling.
- acangiano 16y ago
  $100K in expensive cities is equivalent to a squarely middle class income elsewhere. Not a bad life by any means, but it's far from, "I can't imagine what I would do with that much money". Six figures are still six figures with responsible management of one's finances, but it's not the well-off lifestyle some may imagine.
  - deleted 16y ago
    [deleted]
redthrowaway 16y ago
Vancouver here. 100k is really only enough for a very middle class life.
- deleted 16y ago
  [deleted]
  - deleted 16y ago
    [deleted]
- jamesshamenski 16y ago
  Totally disagree. I've lived in Van for 15 years and it's hilariously more affordable than LA or NY (where I am now). The Mercer 2010 survey put Van at #75 in the world which was surprisingly one spot ahead of Toronto. Sidenote: the job market of Vancouver is much slower and lower paying than what's happening state side.
  - cheez 16y ago
    "I lived in Vancouver for 15 years." Translates to: "I bought a place 10 years before the epic bubble of bubbles." Vancouver real estate is INSANITY.
    - biot 16y ago
      You mean spending $700K for a house a half notch above a fixer-upper isn't sane? :)
      - redthrowaway 16y ago
        700k? What dream world are you living in? What I wouldn't give to be able to buy a house for 700k. Relevant: http://www.crackshackormansion.com/ http://www.crackshackormansion.com/ The worst part about that site: It's a year old. It's worse now.
        cheez 16y ago
        Oh my...
        biot 16y ago
        Apparently the insanity hasn't spread to the North Shore to the same degree.
  - redthrowaway 16y ago
    Saying a city isn't expensive because it's less expensive than New York isn't exactly a great argument.
Tyrant505 16y ago
3k + food + "benefits"(included) + social Car? If you are in the city you cab or mass. $100,000.000 Classic what you own ends up owning you. Bartender classic, makin decent doe, anyone can get stuck. All of a sudden its a big risk to leave, with all your obligations you've acquired by making a bit, doesn't matter how much it's at every pay rate. REF: I live outside nyc in Bergen County NJ, 30min car ride, $500 a room in a 2 bedroom. I can't grab a nyc pay? Train or bus in even with no car.
TillE 16y ago
Yeah, of course. On the other hand, you can live quite comfortably in Berlin for US$20k gross salary. Rent and price of groceries are huge factors in what your income actually means. Define specific quality of life factors, instead of talking about a number.
JabavuAdams 16y ago
Toronto is nowhere near as expensive as New York. In Toronto, you can get a decent detached house in a downtown blue-collar neighbourhood or (a nicer one in the 'burbs) for under 500k. You can get a beautiful home in an elite neighbourhood for 750k.
- cheez 16y ago
  I live in Toronto and I would love to buy a place in downtown Toronto for sub-500K. The house I live in now is "valued" at $500K and is nowhere special, but it's awesome.
  - JabavuAdams 16y ago
    http://www.realtor.ca/map.aspx?&vs=VEResidential&beds=2-0&baths=0-0&minp=0&maxp=500000&area=Danforth%2b%2526%2bMain&trt=2#acr:false;ac:false;baths:0-0;beds:2-0;fp:false;gar:false;pmin:0;pmax:500000;rmin:0;rmax:0;openh:false;pool:false;stories:0-0;buildingstyle:;buildingtypeid:1;viewtypeid:;waterfront:false;forsale:true;forrent:false;orderBy:D;sortBy:1;LisStartDate:;mapZ:13;page:1;mapC:43.68128069011653,%20-79.32961463928223;curView:0;curStyle:r;chkSchl:false;chkTran:false;chkPol:false;chkMed:false;chkWrk:false;chkFire:false;chkAll:false http://www.realtor.ca/map.aspx?&vs=VEResidential&bed... Interestingly, it looks like prices in my old neighbourhood are roughly the same, to 50k higher. However, in the new neighbourhood things are up 150k+ http://www.realtor.ca/map.aspx?&vs=VEResidential&beds=0-0&baths=0-0&minp=0&maxp=0&area=Yonge%2b%2526%2bLawrence%252c%2bToronto&trt=2#acr:false;ac:false;baths:0-0;beds:2-0;fp:false;gar:false;pmin:0;pmax:850000;rmin:0;rmax:0;openh:false;pool:false;stories:0-0;buildingstyle:;buildingtypeid:1;viewtypeid:;waterfront:false;forsale:true;forrent:false;orderBy:D;sortBy:1;LisStartDate:;mapZ:14;page:1;mapC:43.72465342539647,%20-79.41651821136476;curView:0;curStyle:r;chkSchl:false;chkTran:false;chkPol:false;chkMed:false;chkWrk:false;chkFire:false;chkAll:false http://www.realtor.ca/map.aspx?&vs=VEResidential&bed...
    - cheez 16y ago
      sub-500K = $499K? I guess you are right, technically. Once you get past $490, they are duplexes.
shazow 16y ago
I lived very comfortably in downtown Toronto (Church/Adelaide, the Spire), in my own fancy highrise apartment ($1200/mo rent), for a measly $56k right out of school. On top of that, managed to save about $15k in my first year. Then I moved to Palo Alto. Now that's expensive. :P

cheez 16y ago

You must also live in Toronto :)

I think you need to elaborate on what you mean by "not that much these days." According to a bit of Googling, 100k in NYC is about 48k where I live. 48k family income around here for a family with 2 adults and 2 children is far from rich, but it's fairly reasonable middle class and it's certainly doable with a modicum of responsible finance-handling.

acangiano 16y ago
$100K in expensive cities is equivalent to a squarely middle class income elsewhere. Not a bad life by any means, but it's far from, "I can't imagine what I would do with that much money". Six figures are still six figures with responsible management of one's finances, but it's not the well-off lifestyle some may imagine.
- deleted 16y ago
  [deleted]

redthrowaway 16y ago

Vancouver here. 100k is really only enough for a very middle class life.

deleted 16y ago
[deleted]
- deleted 16y ago
  [deleted]
jamesshamenski 16y ago
Totally disagree. I've lived in Van for 15 years and it's hilariously more affordable than LA or NY (where I am now). The Mercer 2010 survey put Van at #75 in the world which was surprisingly one spot ahead of Toronto. Sidenote: the job market of Vancouver is much slower and lower paying than what's happening state side.
- cheez 16y ago
  "I lived in Vancouver for 15 years." Translates to: "I bought a place 10 years before the epic bubble of bubbles." Vancouver real estate is INSANITY.
  - biot 16y ago
    You mean spending $700K for a house a half notch above a fixer-upper isn't sane? :)
    - redthrowaway 16y ago
      700k? What dream world are you living in? What I wouldn't give to be able to buy a house for 700k. Relevant: http://www.crackshackormansion.com/ http://www.crackshackormansion.com/ The worst part about that site: It's a year old. It's worse now.
      - cheez 16y ago
        Oh my...
      - biot 16y ago
        Apparently the insanity hasn't spread to the North Shore to the same degree.
- redthrowaway 16y ago
  Saying a city isn't expensive because it's less expensive than New York isn't exactly a great argument.

Tyrant505 16y ago

3k + food + "benefits"(included) + social Car? If you are in the city you cab or mass. $100,000.000 Classic what you own ends up owning you. Bartender classic, makin decent doe, anyone can get stuck. All of a sudden its a big risk to leave, with all your obligations you've acquired by making a bit, doesn't matter how much it's at every pay rate. REF: I live outside nyc in Bergen County NJ, 30min car ride, $500 a room in a 2 bedroom. I can't grab a nyc pay? Train or bus in even with no car.

TillE 16y ago

Yeah, of course. On the other hand, you can live quite comfortably in Berlin for US$20k gross salary. Rent and price of groceries are huge factors in what your income actually means. Define specific quality of life factors, instead of talking about a number.

JabavuAdams 16y ago

Toronto is nowhere near as expensive as New York. In Toronto, you can get a decent detached house in a downtown blue-collar neighbourhood or (a nicer one in the 'burbs) for under 500k. You can get a beautiful home in an elite neighbourhood for 750k.

cheez 16y ago
I live in Toronto and I would love to buy a place in downtown Toronto for sub-500K. The house I live in now is "valued" at $500K and is nowhere special, but it's awesome.
- JabavuAdams 16y ago
  http://www.realtor.ca/map.aspx?&vs=VEResidential&beds=2-0&baths=0-0&minp=0&maxp=500000&area=Danforth%2b%2526%2bMain&trt=2#acr:false;ac:false;baths:0-0;beds:2-0;fp:false;gar:false;pmin:0;pmax:500000;rmin:0;rmax:0;openh:false;pool:false;stories:0-0;buildingstyle:;buildingtypeid:1;viewtypeid:;waterfront:false;forsale:true;forrent:false;orderBy:D;sortBy:1;LisStartDate:;mapZ:13;page:1;mapC:43.68128069011653,%20-79.32961463928223;curView:0;curStyle:r;chkSchl:false;chkTran:false;chkPol:false;chkMed:false;chkWrk:false;chkFire:false;chkAll:false http://www.realtor.ca/map.aspx?&vs=VEResidential&bed... Interestingly, it looks like prices in my old neighbourhood are roughly the same, to 50k higher. However, in the new neighbourhood things are up 150k+ http://www.realtor.ca/map.aspx?&vs=VEResidential&beds=0-0&baths=0-0&minp=0&maxp=0&area=Yonge%2b%2526%2bLawrence%252c%2bToronto&trt=2#acr:false;ac:false;baths:0-0;beds:2-0;fp:false;gar:false;pmin:0;pmax:850000;rmin:0;rmax:0;openh:false;pool:false;stories:0-0;buildingstyle:;buildingtypeid:1;viewtypeid:;waterfront:false;forsale:true;forrent:false;orderBy:D;sortBy:1;LisStartDate:;mapZ:14;page:1;mapC:43.72465342539647,%20-79.41651821136476;curView:0;curStyle:r;chkSchl:false;chkTran:false;chkPol:false;chkMed:false;chkWrk:false;chkFire:false;chkAll:false http://www.realtor.ca/map.aspx?&vs=VEResidential&bed...
  - cheez 16y ago
    sub-500K = $499K? I guess you are right, technically. Once you get past $490, they are duplexes.

shazow 16y ago

I lived very comfortably in downtown Toronto (Church/Adelaide, the Spire), in my own fancy highrise apartment ($1200/mo rent), for a measly $56k right out of school. On top of that, managed to save about $15k in my first year. Then I moved to Palo Alto. Now that's expensive. :P