4 ms·

yeah, what a moron thinking 900k still appreciating in his 30's plus free rent is enough to support a comfortable lifestyle. I'm going to refrain from writing

yeah, what a moron thinking 900k still appreciating in his 30's plus free rent is enough to support a comfortable lifestyle. I'm going to refrain from writing something offensive. Suffice to say I find your attitude distasteful.

cperciva 15y ago
The median household in the US earns about $1.8M over their working lives; and I suspect that the median household wouldn't describe themselves as having a "comfortable lifestyle". Now, the fact that they aren't working lowers their costs; but still, the amount of money they have now is significantly less than what a typical couple would earn between now and when they retire. I don't see anything distasteful in questioning the arithmetic here at all.
- ricardobeat 15y ago
  $1.8m distributed over ~40 years equates to $3750 a month. I doubt a family could save much with that income. If you get to this kind of logic, you will lose around $50k from slacking out during lunch through your lifetime (15m a day, $20/h).
  - wheaties 15y ago
    Back in 1950 a loaf of bread cost 5 cents. Now? People often forget about this little thing called inflation. You have to plan for 4% inflation and faster medical inflation. You also can't count entitlement p
    - ricardobeat 15y ago
      That's why you put your money in a savings account... anyway, I think we're on the same side. To put these $1.8m in perspective, that's just a tad less than the amount of savings one in the top 0.5% might have after retirement: http://sociology.ucsc.edu/whorulesamerica/power/investment_manager.html http://sociology.ucsc.edu/whorulesamerica/power/investment_m...
krschultz 15y ago
So you don't think he's going to burn through 900k in 70 years? You don't think that his living expenses will increase when he has kids?
- nazgulnarsil 15y ago
  45k a year (5%) + supplemental income from side projects is A LOT of money when you aren't paying a rent or mortgage in most parts of the country. I suspect many HN people have a warped view of living costs living in areas with lots of high tech jobs.
  - mahyarm 15y ago
    And in ~20 years those mortgages will be paid off, and he'll be making rental income off of the house.

cperciva 15y ago

The median household in the US earns about $1.8M over their working lives; and I suspect that the median household wouldn't describe themselves as having a "comfortable lifestyle". Now, the fact that they aren't working lowers their costs; but still, the amount of money they have now is significantly less than what a typical couple would earn between now and when they retire. I don't see anything distasteful in questioning the arithmetic here at all.

ricardobeat 15y ago
$1.8m distributed over ~40 years equates to $3750 a month. I doubt a family could save much with that income. If you get to this kind of logic, you will lose around $50k from slacking out during lunch through your lifetime (15m a day, $20/h).
- wheaties 15y ago
  Back in 1950 a loaf of bread cost 5 cents. Now? People often forget about this little thing called inflation. You have to plan for 4% inflation and faster medical inflation. You also can't count entitlement p
  - ricardobeat 15y ago
    That's why you put your money in a savings account... anyway, I think we're on the same side. To put these $1.8m in perspective, that's just a tad less than the amount of savings one in the top 0.5% might have after retirement: http://sociology.ucsc.edu/whorulesamerica/power/investment_manager.html http://sociology.ucsc.edu/whorulesamerica/power/investment_m...

krschultz 15y ago

So you don't think he's going to burn through 900k in 70 years? You don't think that his living expenses will increase when he has kids?

nazgulnarsil 15y ago
45k a year (5%) + supplemental income from side projects is A LOT of money when you aren't paying a rent or mortgage in most parts of the country. I suspect many HN people have a warped view of living costs living in areas with lots of high tech jobs.
- mahyarm 15y ago
  And in ~20 years those mortgages will be paid off, and he'll be making rental income off of the house.