1/8/2024 0 Comments Craigslist desktop gadget![]() Even if the house is paid off, one is looking at 1-2k/month in property taxes & utilities.ĭecent health insurance can easily run around closer 1-2k/month for a family. So just to own a home in an upper-income neighborhood is 3-5k/month. After taxes (~40%), that is 90-150k which is 7.5-12.5k/month to spend.Ī typical 2-3k sqft newish home in an upper-income neighborhood (median income around 80-90k) runs 400-600k+, which will yield a $2-3k/mo mortgage and $500-1000/mo in property taxes + 500-1000 in general utilities. I just find it more logical for a more succesful in business person to sneer at a less succesful in business regarding the latters business success, than the opposite.ĥM generating 3-5% on super safe assets is 150-250k/yr that's generated. That's why I wrote millionaire/billionaire, not because I hold millionaires/billionaires in high esteem, or find it OK for them to look down on people. The idea, and it's bizarro that I have to state it again, is rather that if you're to sneer at somebody for not "making it big" with their business, it only makes sense if you do it while yourself having a bigger business. Obviously money is relevant to my point in so much as it serves as the proof of that startup/unicorn success. What part of either seems difficult to parse? My argument was clear enough, and as the parent wrote "it's not about money or class, it's about success in a particular field and judgement of that particular field". Because money is not relevant to their point. some startup multi-millionaire/billionaire.
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