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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by hilbert25
Those numbers quoted for NYC are utter crap. I can assure you my family of 4 would have been well below they're minimum, while owning our own house, 2 cars, going to private school and living living in a nice part of Brooklyn.
I hava ton of friends who would below their standard of "poverty", including a friend of mine, with a family of 8 (yeah that's right) lived on about $60k or so just fine, while owning their house.
If they're definition of poverty is not driving a jaguar, not eating out at fancy restaurants, or not having a ski-doo, then where do I sign up for welfare.
NYC is more expensive then, say, Tennesee, but it's not as bad as they're making it out to be.
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Once one has a house quite honestly then it's relatively easy in comparison. Renting one has to deal with increases, where if one did not get a adjustable rate mortgage or a balloon mortgage one could easily live off of $60,000 in todays market.
But there are plenty of people I know of who make a combined income of $40k and have a hard time making ends meet living in Queens and Brooklyn
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