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Re: Supports the start of my final paragraph Posted by EGD [Email]  (#663) [Profile/Gallery]
(more from EGD) on Mon, 5 Oct 2015 12:18:13
In Reply to: Supports the start of my final paragraph, MI-Roger  [Profile/Gallery]
, Mon, 5 Oct 2015 03:13:48
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Didn't mean to start a debate on the definition of 'middle class.' I earned a very good salary before my recent retirement as an engineering manager here in So Cal but certainly never felt 'rich.' LA and environs are a very pricey place to live. Forget San Diego or Silicon Valley!
We tend to live frugally by necessity with two kids and have, hopefully, set ourselves up for a reasonably secure financial future. Hey, we chose to drive Saabs instead of 5-series BMWs and $60K monster trucks for a reason. And the kids will have to be content with San Diego State or Cal Poly - SLO instead of USC or Stanford.
We live in one of the least expensive areas of LA County out in the desert where a nice house will go for around $150/sf. Anywhere in the LA basin itself can be closer to double that and anywhere near the ocean can be three times that and oftentimes much more like $750/sf in a place like Manhattan Beach.
Sometimes I wonder what my former salary would've bought in a place like Dayton but I have no interest in living in the Midwest, mostly because of the weather and because my wife and I are ocean people. We'd like to relo out of here closer to LA but I really don't want to triple my mortgage. My best friend cashed out and built himself a house on the coast in Maine but 10-deg below zero ain't my cup of tea.
In any event, around here, a married engineer with a couple of kids, a couple of decent cars, and a modest mortgage isn't rolling in dough at $160K/year and that's the sad truth. Same in suburban Boston, metro NYC, and lots of other places. God knows how a single parent with bills, someone who needs all the toys, or a small business owner pulls it off....
->Posting last edited on Mon, 5 Oct 2015 14:45:43.
, Sat, 3 Oct 2015 09:19:07, Tue, 6 Oct 2015 15:07:13
, Sun, 4 Oct 2015 13:43:15, Sat, 3 Oct 2015 15:15:01, Sat, 3 Oct 2015 10:57:58, Mon, 5 Oct 2015 05:39:46
, Sat, 3 Oct 2015 19:45:36, Sun, 4 Oct 2015 16:46:03, Sun, 4 Oct 2015 17:42:12, Mon, 5 Oct 2015 03:13:48, Mon, 5 Oct 2015 12:18:13 <-- Viewing This Message, Mon, 5 Oct 2015 14:42:59
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