John, regarding this post to Tenchusatsu:
Message 20364687
"you whine about a few dollars off your $200K income. Makes me sick"
I think you had a strong emotional reaction to Tenchusatsu's post because you live in an area where homes are a lot cheaper than California, so $200k sounds like a lot of money.
In Cupertino, CA (which is an engineering town) the average cost of a home is $1,100,000.00. This is not a fancy area, the homes generally are 3 bedroom with one bathroom and are older.
If a person's salary is $200,000/year, their netpay (in Calif, where the tax rate is higher) is $8,810 per month. paycheckcity.com
Monthly mortgage payment for this average home in Cupertino is: $6,245
tinyurl.com
That leaves $2565/month to live on in your $200k scenario, which leaves $30k annually.
If your typical health insurance premium is $500/month, that would leave $24k/year to live on.
It's amazing how $200k could quickly turn into $24k in California.
( And that doesn't include auto insurance, home insurance, earthquake insurance, umbrella policy, life insurance, housing maintenance, etc. etc. ) It's easy to have insurance and maintenance bills run around $16k/year.
That would leave $8k/year to live on - isn't that below the poverty level? : )
Regards,
Amy J |
