fthepats

fthepats t1_jeapw16 wrote

Ya, I like reading about all the people complaining about rent increases and how it would be so much different if they owned a house and it wouldn't increase payments each year. Man, my house payments have skyrocketed faster then rent increases because of property taxes due to valuation increase and insurance increases. I'm shocked rent increases aren't higher tbh

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fthepats t1_j9e21iv wrote

Not really. I live in a LCOL-MCOL area in a house valued at 200k. I don't live much different then my neighbors. Got a high-school teacher on one side and a fireman + nurse on the other. The only people who are acutely aware of our income is my parents when I paid off their mortgage so they could retire.

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fthepats t1_j9dzw8o wrote

The US is amazing if you earn far above the average. It really is almost impossible to beat. However, it can also be quite suffocating on the lower ends of income. Future issues in the US will not affect you if you're a top income earner. I make ~300k and my wife makes ~175k and we are not remotely worried. I do think things will get worse for the bottom % of earners though.

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