With a family? It's much easier to live as a single in high cost cities.
And what's absurd about my example? A 1,500 square foot house in SFO or San Jose or NYC can easily run $1 million or more. I guarantee you that no family in SFO or NYC or London feels rich making $400K per year (unless they're making $400K per year in investment income from their $8 million portfolio which gets to the HUGE difference between having a high income and high net worth). And their actual lifestyle does not remotely resemble what people think of when they think of the how the rich live.
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In response to this post by SchmHoo)
Posted: 12/17/2017 at 5:52PM