Preschool in the San Francisco Bay Area is between $1,200 and $2,000 a month (1). The median house price in the Bay Area is over $1M so just the good faith depo

Preschool in the San Francisco Bay Area is between $1,200 and $2,000 a month (1). The median house price in the Bay Area is over $1M so just the good faith deposit on a house is >$30K let alone the downpayment and closing costs so you're going to have like at least three >$10K transactions. A four-star hotel in Hawaii is >$500/night, a five-star is >$1,000/night. So a nice two week vacation in Hawaii is >$8K just for flights and hotel for 2 people. The average household income in the Bay Area is >$150K/year (2). $10K isn't a lot of money in California and $70K seems much more reasonable for reporting purposes. (1) https://www.mercurynews.com/2018/08/25/to-stay-or-not-to-stay-home-thats-the-question-more-parents-of-preschoolers-are-asking-themselves/ https://www.mercurynews.com/2018/08/25/to-stay-or-not-to-sta... (2) https://dqydj.com/income-by-city/ https://dqydj.com/income-by-city/