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Is $600/week enough to live comfortably in London? It’s not enough to live comfortably in most large cities in the US. Our mortgage payment is $2200/month. And
by toasterlovin 7y ago
Is $600/week enough to live comfortably in London? It’s not enough to live comfortably in most large cities in the US. Our mortgage payment is $2200/month. And we live in the most affordable large city on the West Coast (Portland, Oregon). LA, SF, and Seattle would all be much more.
- swimfar 7y agoIf by we, you mean two people, then it's $1200/week for the both of you. So that leaves you $2600/month after housing (maybe not including taxes, utilities, repairs). That doesn't seem too bad. Also, you're talking about a mortgage for a property worth over $400k. It's unreasonable to expect that unemployment would be enough to pay everyone's mortgage, regardless of how much it is.
- ModernMech 7y agoNot everyone's spouse would automatically qualify for unemployment. For example, if I make enough to cover the $2600/month rent on my own and my wife is a full-time caregiver for our aging parents, if I lose my job we would only collect one unemployment check.
- toasterlovin 7y agoYeah, if I were planning for that level of income, then we could probably comfortable cover our bills. My wife would have to already have a job. And we'd have a pretty sizable commute to get to work. So, bills would get covered, but life would be a lot less comfortable (though comfortable when compared to not being able to afford the basics). But Portland is pretty affordable. $400k doesn't get you much in California (there are foreclosures in South Central listed for that much on Zillow right now).