Originally Posted by
Climbto450
You can get into a home in lower income neigborhoods and poor overcrowded schools for your kids. Houses are still far to expensive in socal for an average to nice area with good schools and safe streets. However, you can always rent!! Yes 150K is way above the mean income of around 45k for the average person / employee in socal but what does that get you?
You tell me... 150k a year is 12.5k per month gross. Assume you're married with 2 kids, you get dinged 4k in taxes per month so your net will be around 8.5k.
Not enough to live in a nice area? Or do you have to keep up with the Joneses?