Current Events > people on ce literally think 100k is rich?

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andel
02/08/18 7:30:31 PM
#1:


wtf, i can't believe people like that exist. 100k a year is lower middle class in nyc or san francisco, upper middle class in flyover states. someone isn't truly rich unless they have a net worth in the millions fyi
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Antifar
02/08/18 7:35:13 PM
#2:


Is this individual, or family?
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andel
02/08/18 7:39:58 PM
#3:


Antifar posted...
Is this individual, or family?


either. a single adult in san fran making 100k can live with some luxury but is far from rich or wealthy
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FightingGames
02/08/18 7:41:20 PM
#4:


andel posted...
100k a year is lower middle class in nyc or san francisco

well no shit, sherlock
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K181
02/08/18 7:41:59 PM
#5:


I don't think anybody thinks that unless the person lives in some bumfuck rural area with an insanely low cost of living.
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andel
02/08/18 7:42:05 PM
#6:


FightingGames posted...
andel posted...
100k a year is lower middle class in nyc or san francisco

well no shit, sherlock


hence 100k is no where near rich
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andel
02/08/18 7:42:48 PM
#7:


K181 posted...
I don't think anybody thinks that unless the person lives in some bumfuck rural area with an insanely low cost of living.


i wouldn't think so but people in another topic on the first page seem to be insisting it is wealthy which is absurd to me
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Antifar
02/08/18 7:43:43 PM
#8:


andel posted...
either. a single adult in san fran making 100k can live with some luxury but is far from rich or wealthy

But they sure as hell aren't "lower middle class" in a city where the median household income is 103k
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xAzNPimP4LiFex
02/08/18 7:45:05 PM
#9:


Its not rich but theyre really well off if they pull in that kind of cash assuming they dont live in the cities you listed like SF or NYC
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DoctorVader
02/08/18 7:46:46 PM
#10:


$100k is not rich, but it's still pretty damn good and definitely not lower middle class in NYC. Maybe midtown Manhattan, but not the rest of city nor the surrounding Tristate area. You can live very comfortably with a lot of luxury.
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COVxy
02/08/18 7:47:07 PM
#11:


Antifar posted...
median household income is 103k


Median is much lower, that's the mean.
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chrono625
02/08/18 7:50:11 PM
#12:


DoctorVader posted...
$100k is not rich, but it's still pretty damn good and definitely not lower middle class in NYC. Maybe midtown Manhattan, but not the rest of city nor the surrounding Tristate area. You can live very comfortably with a lot of luxury.


Lol no.

The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?
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AmonAmarth
02/08/18 7:51:26 PM
#13:


upper middle class. maybe low upper class (depending if they have already a home paid off and stuff).
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Sativa_Rose
02/08/18 7:52:26 PM
#14:


chrono625 posted...
Lol no.

The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?


The housing market has actually been cooling off in Brooklyn lately, I think there was a lot of new construction over the past several years. But buying in general is gonna be a lot harder than renting these days, there's just so much capital out there.
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chrono625
02/08/18 7:54:19 PM
#15:


Sativa_Rose posted...
chrono625 posted...
Lol no.

The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?


The housing market has actually been cooling off in Brooklyn lately, I think there was a lot of new construction over the past several years. But buying in general is gonna be a lot harder than renting these days, there's just so much capital out there.


The market from what I last heard is just as aggressive as ever.

I work with an older gentleman who lives in bensonhurst who gets offers pretty frequently on his home.

He said he was appraised for 1 million for his home and comps in the area have been the same.
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COVxy
02/08/18 7:54:27 PM
#16:


chrono625 posted...
The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?


Do you actually know of many people who own a home in Brooklyn? Or why anyone would need to? Like, it's literally a selection factor. The city selects for rich. You are not locked into living in the city and buying a home in the city, most people who work in the city commute into the city.

Like, how does this conversation unironically go to "I cannot buy things that are pretty much reserved for the ultra rich, therefore I'm lower middle class at best,"?
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DoctorVader
02/08/18 8:02:30 PM
#17:


chrono625 posted...
DoctorVader posted...
$100k is not rich, but it's still pretty damn good and definitely not lower middle class in NYC. Maybe midtown Manhattan, but not the rest of city nor the surrounding Tristate area. You can live very comfortably with a lot of luxury.


Lol no.

The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?

Average is more like $500k and $3-4k in taxes inside the city. Which is way cheaper than even the surrounding suburbs like Nassau, Westchester or Central NJ. It's also been pretty much that for years.

I own property in Queens and know tons and tons of people throughout the entire city and the Tristate area that have amazing houses, are doing excellent with everything and they are mostly making $70-$120k.

The richer people I know that make $200k-$500k are actually mostly living on rent, with property in other states.
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legendarylemur
02/08/18 8:10:55 PM
#18:


Think of all the chicken 100k can buy
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Vita_Aeterna
02/08/18 8:12:18 PM
#19:


No one in anyone's right mind would voluntarily live in San Fran or New York.
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Kazi1212
02/08/18 8:13:53 PM
#20:


DoctorVader posted...
chrono625 posted...
DoctorVader posted...
$100k is not rich, but it's still pretty damn good and definitely not lower middle class in NYC. Maybe midtown Manhattan, but not the rest of city nor the surrounding Tristate area. You can live very comfortably with a lot of luxury.


Lol no.

The housing market is becoming out of control in queens and Brooklyn and even Staten island.

1800sqft homes are going for 700k and 7k a year in taxes in Staten island. Single family homes in Brooklyn are over a million in most desirable areas.

Do you know many people with 140k-200k to put down on a home?

Average is more like $500k and $3-4k in taxes inside the city. Which is way cheaper than even the surrounding suburbs like Nassau, Westchester or Central NJ. It's also been pretty much that for years.

I own property in Queens and know tons and tons of people throughout the entire city and the Tristate area that have amazing houses, are doing excellent with everything and they are mostly making $70-$120k.

The richer people I know that make $200k-$500k are actually mostly living on rent, with property in other states.


Same here, I know tons of people in the city who own homes and they arent even making $100k. Perhaps the economic climate is different now, but during the Bush years home ownership increased considerably because of the lending situation
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HyunA
02/08/18 8:15:40 PM
#21:


Shit, when you are in the red, 100k can be considered 'rich'
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PrettyBoyFloyd
02/08/18 8:19:19 PM
#22:


Vita_Aeterna posted...
No one in anyone's right mind would voluntarily live in San Fran or New York.

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Antifar
02/08/18 8:32:52 PM
#23:


COVxy posted...
Antifar posted...
median household income is 103k


Median is much lower, that's the mean.

No, that's median for SF
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andel
02/08/18 8:34:07 PM
#24:


HyunA posted...
Shit, when you are in the red, 100k can be considered 'rich'


nah, rich generally means you can stop working and live in luxury the rest of your life. someone with 100k can't come close to doing that
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COVxy
02/08/18 8:35:42 PM
#25:


Antifar posted...
COVxy posted...
Antifar posted...
median household income is 103k


Median is much lower, that's the mean.

No, that's median for SF


Google says that's average, but I haven't really felt the need to investigate any further.
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andel
02/08/18 8:36:31 PM
#26:


any way you slice it 100k is middle class at best, whether upper or lower. by no stretch is it wealthy anywhere in the us
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I am thinking about just walking into the river now that Megaupload is gone and condoms are in porn.-Fubonis
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furb
02/08/18 8:44:01 PM
#27:


I am from rural west virginia. 100k is rich back home. It is like way more than thr average household income.
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r4X0r
02/08/18 8:45:05 PM
#28:


HyunA posted...
Shit, when you are in the red, 100k can be considered 'rich'


Precisely. It's all about perspective. To somebody making $20,000, $100,000 is rich. To somebody making $250,000, that person making $100,000 is barely scraping by.
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Vindris_SNH
02/08/18 8:47:52 PM
#29:


Being rich is subjective.
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PrettyBoyFloyd
02/08/18 9:18:50 PM
#30:


Vindris_SNH posted...
Being rich is subjective.

Yea when I grew up being poor meant the Government payed your rent and bought you your food.

You bought your clothing from the Salvation Army and wore clothes your older classmates tossed out the previous year.

You went to school wearing two different shoes with old electrical cording for shoestrings.
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CasualGuy
02/08/18 9:20:58 PM
#31:


I consider that rich, yes.

The average American makes what, 30k per year? So over 3x the average is rich imo despite some places like NYC/SanFran being insanely expensive.
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thanosibe
02/08/18 9:30:28 PM
#32:


PrettyBoyFloyd posted...
Vita_Aeterna posted...
No one in anyone's right mind would voluntarily live in San Fran or New York.
Why is it threads about wealth people equate the entire country's cost of living on the two most luxuriously expensive cities in the US to troll?
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andel
02/08/18 9:38:25 PM
#33:


CasualGuy posted...
I consider that rich, yes.

The average American makes what, 30k per year? So over 3x the average is rich imo despite some places like NYC/SanFran being insanely expensive.


rich is being able to retire and live in luxury, not making double or triple the poverty line
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Soviet_Poland
02/08/18 9:43:22 PM
#34:


COVxy posted...
Antifar posted...
median household income is 103k


Median is much lower, that's the mean.


This is important to note too, since the median is less affected by extreme outliers.
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refmon
02/08/18 9:47:26 PM
#35:


half of CE are neets

what do you expect
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foreveraIone
02/08/18 9:53:11 PM
#36:


man imagine I won a 500 million dollar lottery.

think of all the pussy I would be getting.
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SuperMariano3
02/08/18 9:57:36 PM
#37:


That porn guy that used to post here has like 20 million. Pull out a lot of his coins from crypto markets last year.
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Vita_Aeterna
02/08/18 9:57:45 PM
#38:


thanosibe posted...
PrettyBoyFloyd posted...
Vita_Aeterna posted...
No one in anyone's right mind would voluntarily live in San Fran or New York.
Why is it threads about wealth people equate the entire country's cost of living on the two most luxuriously expensive cities in the US to troll?

Lol, it really is aggravating, isn't it? Why do people think people actually WANT to live in these places? Like, if you're making $100k, maybe you'd have the brains to realize that living in an expensive city will only rob you off your earnings. I'm pretty sure you can live pretty well with $100k in Vancouver, and Vancouver is seen as one of the best cities to live in the world, usually in the consistent top 3 for the past decade.

If you have no choice but to stay, then that sucks for you.
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r4X0r
02/08/18 10:04:59 PM
#39:


Living in New York City or San Francisco still has a lot of variables. If you want to live in Midtown Manhattan, yeah, you might spend $1.5 million dollars on a one bedroom 900 square foot condo. I can't really speak for San Fran because I've never been or lived there, but my wife owns a place in Queens, NYC. There's plenty of places for sale in that neighborhood between $200,000 and $300,000. You don't have to own a car, no amenity is more than two blocks away. It's relatively cheap living compared to central New Jersey where we live. We keep the Queens place just because it doesn't cost that much.
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chrono625
02/08/18 10:06:29 PM
#40:


Vita_Aeterna posted...
thanosibe posted...
PrettyBoyFloyd posted...
Vita_Aeterna posted...
No one in anyone's right mind would voluntarily live in San Fran or New York.
Why is it threads about wealth people equate the entire country's cost of living on the two most luxuriously expensive cities in the US to troll?

Lol, it really is aggravating, isn't it? Why do people think people actually WANT to live in these places? Like, if you're making $100k, maybe you'd have the brains to realize that living in an expensive city will only rob you off your earnings. I'm pretty sure you can live pretty well with $100k in Vancouver, and Vancouver is seen as one of the best cities to live in the world, usually in the consistent top 3 for the past decade.

If you have no choice but to stay, then that sucks for you.


You're all assuming everyone can just pack up and leave without thinking about all the intangibles that go into making that major decision.

What I get from these topics is always the same.

"100k is rich."

"Not true, cost of living differs all over the country"

"If you can't afford to live in an expensive area then just move."

"But you just said 100k was rich money."

"Well of course not in major cities...just move!"

"You can't assume my job where I am will have the same pay or demand if I move. I also have family where I am."

"Suck it up."
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thanosibe
02/08/18 10:11:22 PM
#41:


chrono625 posted...
Vita_Aeterna posted...
thanosibe posted...
PrettyBoyFloyd posted...
Vita_Aeterna posted...
No one in anyone's right mind would voluntarily live in San Fran or New York.
Why is it threads about wealth people equate the entire country's cost of living on the two most luxuriously expensive cities in the US to troll?

Lol, it really is aggravating, isn't it? Why do people think people actually WANT to live in these places? Like, if you're making $100k, maybe you'd have the brains to realize that living in an expensive city will only rob you off your earnings. I'm pretty sure you can live pretty well with $100k in Vancouver, and Vancouver is seen as one of the best cities to live in the world, usually in the consistent top 3 for the past decade.

If you have no choice but to stay, then that sucks for you.


You're all assuming everyone can just pack up and leave without thinking about all the intangibles that go into making that major decision.

What I get from these topics is always the same.

"100k is rich."

"Not true, cost of living differs all over the country"

"If you can't afford to live in an expensive area then just move."

"But you just said 100k was rich money."

"Well of course not in major cities...just move!"

"You can't assume my job where I am will have the same pay or demand if I move. I also have family where I am."

"Suck it up."
I agree. It's not an all or nothing situation. It's just "lol 100k isn't rich in NYC and SF lol". So what that accounts for 20%? of the US population. So the other 80%? could live luxuriously on 100k? Kind of negates most of the debate about what is rich and what isn't.
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COVxy
02/08/18 10:13:09 PM
#42:


chrono625 posted...
"You can't assume my job where I am will have the same pay or demand if I move. I also have family where I am."


I mean, most people who work in cities live outside the city lol.
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Vita_Aeterna
02/08/18 10:14:07 PM
#43:


Well there's nothing to do about it. You just live with it like every other poor African lives with their life?

Meanwhile people elsewhere that make $100k live pretty comfortably. Is it fair? No. You know the answer to this already. $100k isn't UPPER class in any HDI countries I don't think, but it's wealthy in a "I can drive a nice car, own a decent home with a wife, kids and take annual vacations" rich no problem type.
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chrono625
02/08/18 10:14:35 PM
#44:


COVxy posted...
chrono625 posted...
"You can't assume my job where I am will have the same pay or demand if I move. I also have family where I am."


I mean, most people who work in cities live outside the city lol.


For the argument of NYC...No, they don't.
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Romes187
02/08/18 10:14:35 PM
#45:


@andel - it's because most on ce aren't really normal people and they don't realize how living an actual life with a wife, kids, etc gets expensive

I mean...I want to see pics of Covxy. I really want to
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COVxy
02/08/18 10:16:25 PM
#46:


chrono625 posted...
For the argument of NYC...No, they don't.


Strange how suburbs naturally sprout around cities.

Like, you rent an apartment in the city if you want to stay in the city. If you work in NYC and decide you want property, you go to NJ or Long Island.
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thanosibe
02/08/18 10:18:06 PM
#47:


Romes187 posted...
@andel - it's because most on ce aren't really normal people and they don't realize how living an actual life with a wife, kids, etc gets expensive

I mean...I want to see pics of Covxy. I really want to
I support a wife and two kids on my lone salary. I know. And I don't make 100k. Transversely a lot CE isn't normal and haven't held a job yet in their 20's to 30's and like to troll. (Not accusing TC of that though.)
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foreveraIone
02/08/18 10:20:28 PM
#48:


you're not really rich unless you can regularly fuck beautiful Asian women to your hearts content
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FFVII_REMAKE
02/08/18 10:20:46 PM
#49:


Even the homeless people in cities make more than that.
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CasualGuy
02/08/18 10:29:28 PM
#50:


andel posted...
CasualGuy posted...
I consider that rich, yes.

The average American makes what, 30k per year? So over 3x the average is rich imo despite some places like NYC/SanFran being insanely expensive.


rich is being able to retire and live in luxury, not making double or triple the poverty line


You should easily be able to retire and live well if you earn 100k+ for a lot of your career.

Brad Pitt money is just absurd wealth.
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