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Are those COL calculators flame? How is it possible 200k nyc
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Date: September 16th, 2014 10:21 AM Author: Olive crusty background story the same as 90k in the Midwest?
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Date: September 16th, 2014 10:44 AM Author: mentally impaired center What is the tax rate for nyc city tax (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338428) |
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Date: September 16th, 2014 11:04 AM Author: Olive crusty background story ~40% (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338481) |
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Date: September 16th, 2014 1:57 PM Author: Boyish twisted menage (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26339406) |
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Date: September 16th, 2014 10:46 AM Author: harsh lemon theater stage weed whacker I do wonder how they do it -- e.g. for home costs do they use a "median" home? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338431) |
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Date: September 16th, 2014 10:49 AM Author: Black bisexual queen of the night public bath 90k post tax is what? 60k? 200k in mfh post tax is like 120k, so it's just 60k extra. that sounds right for increased housing, schooling, other shit. |
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Date: September 16th, 2014 11:05 AM Author: Olive crusty background story how are you able to accomplish the same on 60K in the Midwest?
assuming we are keeping it apples to apples
you d also have to take into account comfortable housing and private school for kids in the MW |
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Date: September 16th, 2014 11:06 AM Author: Black bisexual queen of the night public bath lol at 200K mfh salary sending kids to private school. maybe if it's dual income 200K or if it's just 1 kid and you're willing to spend an obscene amt of your after-tax salary on 40k per kid private schools.
most 200K households with children move out to LI, Jersey, or somewhere along metro-north. they suck it up and pay lots of property taxes to send kids to decent public schools. some live in the other boroughs prolly. |
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Date: September 16th, 2014 11:07 AM Author: Olive crusty background story break down 60K on school, house in MFH for me pls (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338504) |
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Date: September 16th, 2014 11:09 AM Author: Black bisexual queen of the night public bath what's so hard to believe. prolly extra 2K per month extra (minimum imo) on housing. so that's 24K right there. add in some cost inflation for everything else and you get close quickly.
a 1 bed in mfh is $750K these days. you'll need a 2 or 3 bed which will be ~$1.5M. |
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Date: September 16th, 2014 11:11 AM Author: Olive crusty background story so mainly housing then, assuming you are doing public school (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338522) |
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Date: September 16th, 2014 11:13 AM Author: Black bisexual queen of the night public bath you can't afford 40K per kid on 200k, so yes, public school.
private schools can be around ~10K in the MW. |
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Date: September 16th, 2014 11:35 AM Author: Offensive bonkers step-uncle's house sweet tailpipe You don't remotely need private schools in most of the Midwest. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338601) |
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Date: September 16th, 2014 11:36 AM Author: Olive crusty background story we arent talking about need here, we are trying to match apples to apples MFH lifestyle to MW lifestyle to see if the COL calculator is flame or not (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338612) |
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Date: September 16th, 2014 11:40 AM Author: dun cruel-hearted stead MW public schools are equivalent to NYC privates, or at least, it's impossible to put MW publics up against NYC publics (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338636) |
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Date: September 16th, 2014 11:45 AM Author: Olive crusty background story u just opened up a whole new can of worms
lol @ thinking MW publics on the same level as collegiate, trinity, fieldston, riverdale |
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Date: September 16th, 2014 12:02 PM Author: dun cruel-hearted stead reading comp pwned? i was pretty clearly saying you HAVE to compare private to mw pub because mfh pub is so awful plus lol @ 200k sending ur kid to any of the schools u listed 200k/yr is, if they're LUCKY, sending their kid to bklyn latin or something assuming their kid is already super striver, only for him to be bottom 1% of the class when he graduates and go to pace or suny like the kids who attended public school anywhere else |
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Date: September 16th, 2014 12:03 PM Author: Olive crusty background story lol yea, i know (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338746) |
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Date: September 16th, 2014 12:28 PM Author: gold glittery preventive strike Mfh has shit public schools? I figured they'd be Awesome I'm light of the fact that you need to be a trillionaire to raise a family in mfh (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338868) |
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Date: September 16th, 2014 11:51 AM Author: Black bisexual queen of the night public bath 200K in MFH isn't sending jack shit to a MFH private school. these ppl end up in decent CT/NJ/NY burbs sending their kids to publics and paying 15K+ a year in property taxes. none of the top MFH privates are relevant to this thread. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338689) |
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Date: September 16th, 2014 11:15 AM Author: excitant ultramarine liquid oxygen 2X for everything else really only applies for groceries/perishable shit and even that prob isn't 2X. Everything else you can order online and are country isn't as cheap as you would think anyways.
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Date: September 16th, 2014 11:16 AM Author: Olive crusty background story this is what i m trying to drive at, the COL calculator seems to be way too optimistic, i need a realistic idea of COL in MW, cuz i dont believe 200k NYC = 90K MW (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338536) |
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Date: September 16th, 2014 11:19 AM Author: excitant ultramarine liquid oxygen I think it's assuming you're paying severely out the ass for housing and that ARE country is basically free. Housing and taxes are by far the biggest drivers. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338546) |
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Date: September 16th, 2014 11:37 AM Author: Olive crusty background story if thats the case then that COL calculator is a POS (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338619) |
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Date: September 16th, 2014 11:17 AM Author: Black bisexual queen of the night public bath if the 60K MW dude spends 12K for housing and 48K for everything else and the 120K MFH dude spends 48K (4K a month is reasonable for enough space for a kid) for housing and 72K for everything else, we only need a 50% COL (excl. housing) adjustment for 90K MW to equal 200K MFH. +50% isn't unreasonable imo.
i lived in MFH for 6 years but grew in a run of the mill USA suburb. 90K MW = 200K MFH sounds completely reasonable to me. |
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Date: September 16th, 2014 11:26 AM Author: excitant ultramarine liquid oxygen yea only an extra $24K on random shit. There are plenty of things you save money on also by living in a city. Car/gas expenses, don't have to buy tools or yard maintenance crap, lower utilities in an apt, etc.
it really depends on lifestyle. The primary point is on $200K you can't go into full yuppie mode. |
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Date: September 16th, 2014 11:30 AM Author: Black bisexual queen of the night public bath an extra 24K can disappear pretty easily, esp given increased overall costs.
CO-OP/HOA fees prolly eat up a good amount of utility, maintenance cost savings. I'd guess CO-OP/HOA fees are more.
regardless, if you're making 200K and have 2 kids, you won't be buying primary residence or renting at market rates in MFH so perhaps you shouldn't compare MW to MFH.
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Date: September 16th, 2014 11:32 AM Author: excitant ultramarine liquid oxygen I assumed renting in MFH. They hypo is basically Biglaw associate vs. are country in-house both with SAHM. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338591) |
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Date: September 16th, 2014 11:35 AM Author: Olive crusty background story yea assume renting for both (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338602) |
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Date: September 16th, 2014 11:35 AM Author: Black bisexual queen of the night public bath a biglaw associate with a SAHM and 2 kids will likely not live in the city imo. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338604) |
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Date: September 16th, 2014 11:37 AM Author: excitant ultramarine liquid oxygen probably not. some people are idiots though. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338616) |
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Date: September 16th, 2014 11:39 AM Author: dun cruel-hearted stead >Car/gas expenses
Unlimited metro rides is over $100/mo. If your car is paid off (like most people in the MW), you're probably spending a little more than that a month on gas, and your insurance is about $20-30/mo.
But of course, that's $100 PER PERSON in MFH but the mid west automobile costs are per car. So it's a wash. |
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Date: September 17th, 2014 8:52 AM Author: excitant ultramarine liquid oxygen so just because their car is "paid off" the price paid is not factored into their COL? jfc.
Not to mention you way underestimated gas and insurance costs and ignored maintenance completely. |
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Date: September 16th, 2014 11:29 AM Author: Olive crusty background story i would say 12K is low for housing, the comfort of the housing should be comparable, assuming 4K is a nice doorman building then MW housing should also be at that level, so you are prob looking at 1.5K to 2K a month for that.
that seems to be a huge discrepancy on the 90K MW = 200K MFH thesis |
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Date: September 16th, 2014 11:30 AM Author: excitant ultramarine liquid oxygen that too (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338580) |
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Date: September 16th, 2014 11:31 AM Author: Black bisexual queen of the night public bath 4K for a 3 bed is not going to be a nice doorman building in manhattan. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338587) |
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Date: September 16th, 2014 11:34 AM Author: Olive crusty background story 3 bed? i was thinking 2 bed at most (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338599) |
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Date: September 16th, 2014 11:35 AM Author: Black bisexual queen of the night public bath i mean so you can afford 1 kid in nyc then. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338605) |
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Date: September 16th, 2014 11:38 AM Author: excitant ultramarine liquid oxygen get the little shits some bunk beds (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338625) |
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Date: September 16th, 2014 11:44 AM Author: Black bisexual queen of the night public bath whats a 1000sq ft house worth in the MW burbs? prolly hard to find even. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338664) |
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Date: September 17th, 2014 9:29 AM Author: very tactful plum potus hunting ground (Guy not accounting for square footage) (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26344346) |
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Date: September 16th, 2014 11:36 AM Author: dun cruel-hearted stead My dad raised three kids in ARE cuntry on an 60-80K/yr income. Mom didn't work. We lived luxuriously in a country club neighborhood. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338609) |
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Date: September 16th, 2014 11:40 AM Author: Olive crusty background story (boomer) (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338635) |
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Date: September 16th, 2014 11:42 AM Author: dun cruel-hearted stead i'm a millennial sorry that AC really is that incredibly easy to raise a family in about the only luxury i didn't get was sweet vacations and THE SWEET SCHOLARLY LYRIC OPERA |
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Date: September 16th, 2014 11:48 AM Author: Olive crusty background story whats AC? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338677) |
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Date: September 16th, 2014 12:04 PM Author: dun cruel-hearted stead ARE country (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338758) |
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Date: September 17th, 2014 9:31 AM Author: excitant ultramarine liquid oxygen stuff was cheaper in the 90's bro (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26344353) |
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Date: September 16th, 2014 11:14 AM Author: buff swashbuckling bawdyhouse I thought those calculators assumed stupid bullshit, like having a car in NYC, etc. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338531) |
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Date: September 16th, 2014 10:51 AM Author: translucent foreskin sounds about right - 90k in the midwest is a lot of money bro
I fantasize about moving there sometimes and paying an $800 mortgage |
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Date: September 16th, 2014 11:03 AM Author: Olive crusty background story $800 mortgage? what can u get with that? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338480) |
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Date: September 16th, 2014 11:04 AM Author: Vigorous burgundy indirect expression jew 2000 sq feet in a not that nice midwest suburb (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338484) |
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Date: September 16th, 2014 11:05 AM Author: Olive crusty background story thats what i thought, i d go at least 3000 sq ft and the house better be balling (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338489) |
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Date: September 16th, 2014 11:08 AM Author: translucent foreskin ok closer to 1k but still it's nothing like what you get for that in other places (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338508) |
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Date: September 16th, 2014 11:12 AM Author: Olive crusty background story i suppose what about BIGBRUNCH and other MFH perks that you ll have to scarifice
is a shitty 1,000 sq ft house worth it |
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Date: September 16th, 2014 11:26 AM Author: buff swashbuckling bawdyhouse there's still bigbrunch to be had in the midwest. the portions are just bigger. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338565) |
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Date: September 16th, 2014 11:31 AM Author: Olive crusty background story there's champagne big brunches on rooftops in MW? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338584) |
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Date: September 16th, 2014 11:39 AM Author: soul-stirring puce school 200k is poor in MFH (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338634) |
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Date: September 16th, 2014 11:42 AM Author: Olive crusty background story yea we know that much, so 90K is also poor in MW then? i m trying to understand MW here, help me out. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338653) |
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Date: September 16th, 2014 11:43 AM Author: dun cruel-hearted stead 90K is country club rich in the midwest, i am not exaggerating (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338658) |
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Date: September 16th, 2014 11:49 AM Author: Olive crusty background story get outta here, i dont believe that shit for a minute
take a look at some houses on country club golf courses in MW, shit is approaching 500K-750K
you cant afford that on a 90K salary |
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Date: September 16th, 2014 11:58 AM Author: Bateful Coral Piazza Shitlib Just moved to the sticks. If anything, the COL calculators underestimate the savings.
In MFH, you can blow $50 on a night out drinking without getting silly drunk or being extravagant. That's 3 drinks + tip.
In BFE, there isn't a bar within 50 miles that serves a drink that costs more than $10 (not including a bottle of fancy wine). Spending $50 on a night out with some buddies would involve getting outrageously drunk.
In MFH, groceries are frequently purchased from local grocers or smaller stores. In the sticks, big box stores will sell all your food at a fraction of the cost.
In MFH, you have to send your kids to private school or they will get knifed. In the sticks, you just live in a decent neighborhood with it's own school district (or at least, no busing). |
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Date: September 16th, 2014 11:59 AM Author: Olive crusty background story describe yr housing and wats bfe, boyfriend experience? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338722) |
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Date: September 16th, 2014 12:02 PM Author: Bateful Coral Piazza Shitlib http://www.urbandictionary.com/define.php?term=BFE
~2700 sq ft, 4 bedroom house. Big back yard. It's nice to sit back there with my puppy dood chasing birds while I review docs or whatever. |
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Date: September 16th, 2014 12:03 PM Author: Olive crusty background story in house? kids? sounds boring (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338743) |
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Date: September 16th, 2014 12:04 PM Author: Bateful Coral Piazza Shitlib Midlaw partner. Wife, no kids.
Playing golf 3x/week may get boring eventually, but I haven't gotten to that point yet. |
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Date: September 16th, 2014 12:11 PM Author: Olive crusty background story did u move from MFH w/ wife? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338796) |
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Date: September 16th, 2014 12:14 PM Author: Bateful Coral Piazza Shitlib Yup (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338813) |
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Date: September 16th, 2014 12:06 PM Author: dun cruel-hearted stead (guy with zero hobbies) XO: dreams of retiring and not having to work, yet says not having to work that much sounds boring |
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Date: September 16th, 2014 12:19 PM Author: infuriating alpha parlour Of course they are flame. The calculation heavily depends on your spending level.
For ex - 1. I *SAVE* more than 90K in MFH on less than 200K salary. Obviously the comparable salary for my spending level in bumfuck would be a lot more than 90K 2. By contrast look at the millenial above me So there you have it |
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Date: September 16th, 2014 12:20 PM Author: Black bisexual queen of the night public bath MFH is good for stacking cash while you're young. If you're single, you can probably get away with spending $2.5K a month.
For those without a ton for a downpayment + SAHM + children, not so much. You can do MFH ok making 200K with SAHM + children if you can pay for a good amount of an apartment up front. |
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Date: September 16th, 2014 12:31 PM Author: Contagious apoplectic national security agency agree. also, it is misleading to do an apples to apples comparison of living in NYC vs. some burb in Indiana because in Indiana a normal person has a 4 bedroom house and 2 cars and NYC a normal person has a 600 sq. foot walk up studio or one bedroom. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338876) |
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Date: September 16th, 2014 12:32 PM Author: Black bisexual queen of the night public bath yes - and again - families making 200K w/o a sick downpayment from boomers or rent control connections will not be raising 2 kids with a SAHM in MFH. so yea you can't do apples to apples comparison. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338883) |
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Date: September 16th, 2014 12:27 PM Author: Bateful Coral Piazza Shitlib $200k in MFH is $115k/year after tax. http://www.paycheckcity.com/coClientWhys/netpaycalculator.asp
It's also $136k in Texas.
Please explain how you lived in MFH on $2k/month. |
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Date: September 16th, 2014 12:31 PM Author: Olive crusty background story lol, pwned (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338877) |
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Date: September 16th, 2014 12:51 PM Author: infuriating alpha parlour I make even less than 200K. Paycheckcity probably doesnt account for 401k or IRAs Anyway i do spend about 2K a month. Rent is less than 1700 and includes utilities. Biglaw seamless helps cut into the grocery bill. Dont go out drinking. Poasting is free. |
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Date: September 16th, 2014 12:53 PM Author: Olive crusty background story how many roommates you got? (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338997) |
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Date: September 16th, 2014 3:31 PM Author: infuriating alpha parlour Zero (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26340041) |
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Date: September 16th, 2014 12:53 PM Author: Jet pistol jfc you're life sucks (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26338999) |
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Date: September 16th, 2014 3:33 PM Author: infuriating alpha parlour Sorry i can amuse myself without spending money (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26340053) |
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Date: September 17th, 2014 8:57 AM Author: excitant ultramarine liquid oxygen you can include a 401K deduction on paycheckcity (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26344278) |
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Date: September 16th, 2014 1:48 PM Author: Clear Business Firm Gaming Laptop XOXO Poasters: "Better schools won't help nigs it's all about IQ"
"OMG how can I afford 40k a year to send my kids to private school?!" |
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Date: September 16th, 2014 3:54 PM Author: opaque ticket booth international law enforcement agency Rearranging deck chairs on the Titanic vs buying new furniture. (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26340191) |
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Date: September 17th, 2014 9:15 AM Author: Mustard brethren garrison some massively stupid people ITT (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26344314) |
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Date: September 17th, 2014 9:17 AM Author: infuriating alpha parlour Great contribution (http://www.autoadmit.com/thread.php?thread_id=2676000&forum_id=2#26344318) |