Location is the key and the life style you lead. The Cac definition of what poor, middle class and rich is has change over the years more or less to fit their narrative. My grandfather working for Chrysler in Detroit back in the day made roughly 75k a year cost of living was way lower then but we weren't considered middle class cause of it being Detroit and labeled a poor city by the media in the 70s and 80s but truth be told it didn't really didn't happen till the 90s.
I'm fucking buggin off of the responses of people thinking 400k is chump change.
If 400k isn't good. Then how are people surviving making let's say 80k and below?
Michigan? LOL you rich in Michigan with that money. The median home price in San Francisco is over a million dollars vs. $80,000 in Detroit
Them the people paying 7k a month for an 900 sq ft 2 bedroom apartment
With all due respect, many of you should consider taking a course on finance. Many of do not have an inkling of an idea of how money works what is needed to survive or buy things.
For example:
For all of you who say that $400K isn't much in San Francisco, ask anyone in real estate, particularly those who understand mortgages, if a person has an annual income of $400K, $50K down, he or she can afford a home well over $1.5 million in the San Francisco area.
This is not a middle class home. $1.2M can be purchased by a person earning $400K.
2605 Tulare Ave, El Cerrito, CA 94530 | realtor.com®
View 40 photos for 2605 Tulare Ave, El Cerrito, CA 94530, a 4 bed, 3 bath, 2,999 Sq. Ft. single family home built in 1961 that was last sold on 11/16/2021.www.realtor.com
Additionally, all homes in the area are not million dollar homes. More correctly, the homes you desire are million dollar homes. But, there are homes available.
Here is a great middle class home for $500K in the San Francisco area.
2108 Gaynor Ave, Richmond, CA 94801 | realtor.com®
View 33 photos for 2108 Gaynor Ave, Richmond, CA 94801, a 3 bed, 2 bath, 1,150 Sq. Ft. single family home built in 1943 that was last sold on 11/16/2021.
Again, my aim is not to be disrespectful. But, it must be said. There are those who are just observing and reading the comments wondering if they are failures or if they are losing in life because they are not living up to the fantasy BGOL millionaire dreams.
A person getting what they want does not mean that there is no availability.
FYI: The median income for a single person is $123K. This is well under $400K.
First crib is dopeWith all due respect, many of you should consider taking a course on finance. Many of do not have an inkling of an idea of how money works what is needed to survive or buy things.
For example:
For all of you who say that $400K isn't much in San Francisco, ask anyone in real estate, particularly those who understand mortgages, if a person has an annual income of $400K, $50K down, he or she can afford a home well over $1.5 million in the San Francisco area.
This is not a middle class home. $1.2M can be purchased by a person earning $400K.
2605 Tulare Ave, El Cerrito, CA 94530 | realtor.com®
View 40 photos for 2605 Tulare Ave, El Cerrito, CA 94530, a 4 bed, 3 bath, 2,999 Sq. Ft. single family home built in 1961 that was last sold on 11/16/2021.
Additionally, all homes in the area are not million dollar homes. More correctly, the homes you desire are million dollar homes. But, there are homes available.
Here is a great middle class home for $500K in the San Francisco area.
2108 Gaynor Ave, Richmond, CA 94801 | realtor.com®
View 33 photos for 2108 Gaynor Ave, Richmond, CA 94801, a 3 bed, 2 bath, 1,150 Sq. Ft. single family home built in 1943 that was last sold on 11/16/2021.
Again, my aim is not to be disrespectful. But, it must be said. There are those who are just observing and reading the comments wondering if they are failures or if they are losing in life because they are not living up to the fantasy BGOL millionaire dreams.
A person getting what they want does not mean that there is no availability.
FYI: The median income for a single person is $123K. This is well under $400K.
This thread is an example of how GREED has infected western culture and is part of the reason that the rest of the world hates us.
There are plenty of stats that show that America is the least happy industrialized nation in the world, has the least amount of vacation time among its citizens and has the worst work/life balance. Why? So we can buy more shit. Why? So corporations can sell us more shit and make the richest even richer.
Most people in other countries don't even have more than one television in their house. How many screens you got?
America in general suffers from affluenza. This thread is proof of that and most black folk in the U.S. are in the bottom earners compared to whites.
Still, mid six-figure incomes are mediocre.
People used to aspire to be millionaires...now its billionaires. That's just greed. Plain and simple. Greed is what keeps you grinding for the wealthiest in the country - the .001%ers who vacation for a living.
yeah the demo here is tech savvy niggas in their 40s and up which I think would skew more financially successful.Well, you know BGOL isn't anywhere near a true representation of reality, especially for black America. It's some cats on here that I've seen with insane amounts of money. 8 figures and cool as shit. They don't even showoff or talk shit.
But yeah, outside of BGOL median black household networth is just 24k. For whites, it's 188k. And that's included homes.
Nice to see the success around here, but it's far from normal.
This nigga here
Paying more down would be ideal. But, you'd be surprised how many lenders would offer a low down-payment on a conventional loan for a million dollar home. As we established, lenders look for low risk customers. A person earning $400K is in the top 1.8% and with decent credit would be considered very low risk. The lender would make it up with the interest rate and the interest payments.
And this is true. Most $50K brothers and sisters are not richer than a $400K. My point to the other poster was that they can be, which denotes to a deeper understanding of the financial system as you began to point out.
With all due respect, many of you should consider taking a course on finance. Many of do not have an inkling of an idea of how money works what is needed to survive or buy things.
For example:
For all of you who say that $400K isn't much in San Francisco, ask anyone in real estate, particularly those who understand mortgages, if a person has an annual income of $400K, $50K down, he or she can afford a home well over $1.5 million in the San Francisco area.
This is not a middle class home. $1.2M can be purchased by a person earning $400K.
2605 Tulare Ave, El Cerrito, CA 94530 | realtor.com®
View 40 photos for 2605 Tulare Ave, El Cerrito, CA 94530, a 4 bed, 3 bath, 2,999 Sq. Ft. single family home built in 1961 that was last sold on 11/16/2021.
Additionally, all homes in the area are not million dollar homes. More correctly, the homes you desire are million dollar homes. But, there are homes available.
Here is a great middle class home for $500K in the San Francisco area.
2108 Gaynor Ave, Richmond, CA 94801 | realtor.com®
View 33 photos for 2108 Gaynor Ave, Richmond, CA 94801, a 3 bed, 2 bath, 1,150 Sq. Ft. single family home built in 1943 that was last sold on 11/16/2021.
Again, my aim is not to be disrespectful. But, it must be said. There are those who are just observing and reading the comments wondering if they are failures or if they are losing in life because they are not living up to the fantasy BGOL millionaire dreams.
A person getting what they want does not mean that there is no availability.
FYI: The median income for a single person in San Francisco is $123K. This is well under $400K.
Wait...you think the top 1.8% is filled with contractors, plumbers and the like? In that bracket you are living next to doctors, lawyers, VP's, CEOs, business owners, top school administractors, etc....
I think he was speaking specifically of NY.
She said far out in the outer boroughs or the suburbs. Plumbers, contractors and the like make good money. They don't generally make 400k.
There is a time component. 400k a year for 10 years or more makes you rich.
