San Diego Reader: It’s Getting Ugly Downtown

[orthofrancis]

Wow – total payout for the mortgage fees alone, assuming a 30 year mortgage is just over one million. Adding in the condo fees and taxes, they will pay 1.3 million over 30 years.
Lets see, 3700 x 12 months = 44.4 k/year to live there
renting comp unit 2100 x 12 = 25.2k/year (averaged hits from craigslist of 2 bd rentals around union square)

You can rent same place for about half of what the pay to own.

ewwww

[barnaby33]

Since 150k is obviously not median income for a family of 4, one of two things is correct.

• This posters definition of middle class is highly warped. He or she is conflating icons of middle class life with those of upper middle or upper class.
• Lots of people, enough to constitude the middle, have been living beyond their means to emulate an income of 150k.

At some level both are probably true, but it remains to be seen which gives out more, lowered expectations of what it means to be middle class, or the demand destruction from forced deleveraging.

[barnaby33]

Since 150k is obviously not median income for a family of 4, one of two things is correct.

• This posters definition of middle class is highly warped. He or she is conflating icons of middle class life with those of upper middle or upper class.
• Lots of people, enough to constitude the middle, have been living beyond their means to emulate an income of 150k.

At some level both are probably true, but it remains to be seen which gives out more, lowered expectations of what it means to be middle class, or the demand destruction from forced deleveraging.

[barnaby33]

Since 150k is obviously not median income for a family of 4, one of two things is correct.

• This posters definition of middle class is highly warped. He or she is conflating icons of middle class life with those of upper middle or upper class.
• Lots of people, enough to constitude the middle, have been living beyond their means to emulate an income of 150k.

At some level both are probably true, but it remains to be seen which gives out more, lowered expectations of what it means to be middle class, or the demand destruction from forced deleveraging.

[barnaby33]

Since 150k is obviously not median income for a family of 4, one of two things is correct.

• This posters definition of middle class is highly warped. He or she is conflating icons of middle class life with those of upper middle or upper class.
• Lots of people, enough to constitude the middle, have been living beyond their means to emulate an income of 150k.

At some level both are probably true, but it remains to be seen which gives out more, lowered expectations of what it means to be middle class, or the demand destruction from forced deleveraging.

[barnaby33]

Since 150k is obviously not median income for a family of 4, one of two things is correct.

• This posters definition of middle class is highly warped. He or she is conflating icons of middle class life with those of upper middle or upper class.
• Lots of people, enough to constitude the middle, have been living beyond their means to emulate an income of 150k.

At some level both are probably true, but it remains to be seen which gives out more, lowered expectations of what it means to be middle class, or the demand destruction from forced deleveraging.

[stockstradr]

is my standard for the “middle-class” life warped? Aren’t these things ESSENTIAL to a middle-class life? :

* Occasional plastic surgery for The Wife, when she needs a “touch up”

* A kept mistress on the side, so husband can take a break from The Wife (who is overdue a “touch up”)

* A convertible beamer in the driveway

* A phat white Lincoln Navigator, with spinner rims.

* McMansion

* In the McMansion a House-shaking surround-sound home entertainment, w/the MIN 50″ LCD big screen

* Nanny in the McMansion (so parents don’t actually have to spend time with the kids)

* Weekly visits from team of Mexican maids to keep the house clean

* $100/week bill (per parent) for vists to Psychiatrist, to keep the Prozac flowing

Did I miss anything?

[stockstradr]

is my standard for the “middle-class” life warped? Aren’t these things ESSENTIAL to a middle-class life? :

* Occasional plastic surgery for The Wife, when she needs a “touch up”

* A kept mistress on the side, so husband can take a break from The Wife (who is overdue a “touch up”)

* A convertible beamer in the driveway

* A phat white Lincoln Navigator, with spinner rims.

* McMansion

* In the McMansion a House-shaking surround-sound home entertainment, w/the MIN 50″ LCD big screen

* Nanny in the McMansion (so parents don’t actually have to spend time with the kids)

* Weekly visits from team of Mexican maids to keep the house clean

* $100/week bill (per parent) for vists to Psychiatrist, to keep the Prozac flowing

Did I miss anything?

[stockstradr]

is my standard for the “middle-class” life warped? Aren’t these things ESSENTIAL to a middle-class life? :

* Occasional plastic surgery for The Wife, when she needs a “touch up”

* A kept mistress on the side, so husband can take a break from The Wife (who is overdue a “touch up”)

* A convertible beamer in the driveway

* A phat white Lincoln Navigator, with spinner rims.

* McMansion

* In the McMansion a House-shaking surround-sound home entertainment, w/the MIN 50″ LCD big screen

* Nanny in the McMansion (so parents don’t actually have to spend time with the kids)

* Weekly visits from team of Mexican maids to keep the house clean

* $100/week bill (per parent) for vists to Psychiatrist, to keep the Prozac flowing

Did I miss anything?

[stockstradr]

is my standard for the “middle-class” life warped? Aren’t these things ESSENTIAL to a middle-class life? :

* Occasional plastic surgery for The Wife, when she needs a “touch up”

* A kept mistress on the side, so husband can take a break from The Wife (who is overdue a “touch up”)

* A convertible beamer in the driveway

* A phat white Lincoln Navigator, with spinner rims.

* McMansion

* In the McMansion a House-shaking surround-sound home entertainment, w/the MIN 50″ LCD big screen

* Nanny in the McMansion (so parents don’t actually have to spend time with the kids)

* Weekly visits from team of Mexican maids to keep the house clean

* $100/week bill (per parent) for vists to Psychiatrist, to keep the Prozac flowing

Did I miss anything?

[stockstradr]

is my standard for the “middle-class” life warped? Aren’t these things ESSENTIAL to a middle-class life? :

* Occasional plastic surgery for The Wife, when she needs a “touch up”

* A kept mistress on the side, so husband can take a break from The Wife (who is overdue a “touch up”)

* A convertible beamer in the driveway

* A phat white Lincoln Navigator, with spinner rims.

* McMansion

* In the McMansion a House-shaking surround-sound home entertainment, w/the MIN 50″ LCD big screen

* Nanny in the McMansion (so parents don’t actually have to spend time with the kids)

* Weekly visits from team of Mexican maids to keep the house clean

* $100/week bill (per parent) for vists to Psychiatrist, to keep the Prozac flowing

Did I miss anything?

[equalizer]

barnaby33,

You must have missed the note that middle class people in SD are above average, hence the $150K.

BTW, some posters have already shown that 150K can still force you to shop at Target if two earners and young kids.

20% 401K
monthly net = 6700
500K mortgage 2600
food 800
insurance 250
fuel/car pay 400
clothing/etc 300
travel/once 100
child care 1000-2000
529 plan 100-200

[equalizer]

barnaby33,

You must have missed the note that middle class people in SD are above average, hence the $150K.

BTW, some posters have already shown that 150K can still force you to shop at Target if two earners and young kids.

20% 401K
monthly net = 6700
500K mortgage 2600
food 800
insurance 250
fuel/car pay 400
clothing/etc 300
travel/once 100
child care 1000-2000
529 plan 100-200

[equalizer]

barnaby33,

You must have missed the note that middle class people in SD are above average, hence the $150K.

BTW, some posters have already shown that 150K can still force you to shop at Target if two earners and young kids.

20% 401K
monthly net = 6700
500K mortgage 2600
food 800
insurance 250
fuel/car pay 400
clothing/etc 300
travel/once 100
child care 1000-2000
529 plan 100-200

[equalizer]

barnaby33,

You must have missed the note that middle class people in SD are above average, hence the $150K.

BTW, some posters have already shown that 150K can still force you to shop at Target if two earners and young kids.

20% 401K
monthly net = 6700
500K mortgage 2600
food 800
insurance 250
fuel/car pay 400
clothing/etc 300
travel/once 100
child care 1000-2000
529 plan 100-200

[Author]

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