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  •  Two bedroom? (5+ / 0-)

    Hell, an alcove studio in a nice building in Manhattan goes for $750K.  I imagine that buys a lot of house in Hotlanta.

    Anyway, you're right that people making $250 K can live well, even in Manhattan, and if they can't there are plenty of nice neighborhoods in Queens.  I have little sympathy for anyone making that kind of money and screaming poverty.

    •  I am a native New Yorker, and I now live in (6+ / 0-)

      the NJ 'burbs. I grew up in Queens. There is a 4-bedroom, 2-bath house across the street from me that is on the marker for $269K. The estimated mortgage payment is $940 a month. Even when you throw in commuting costs and property taxes, it is much cheaper than living in Manhattan. We live in an excellent public school district. 2-bedroom co-ops in the area where I grew up in Jackson Heights are on the market for about $179K. It is described as one of the few true working/middle class neighborhoods in NYC.

      We did face some big expenses when our kids were growing up. High quality daycare is expensive. So is college.  I also took care of a very old and sick mom for quite a while. Having said all that, you can live very, very well in the NYC area on a lot less than $250K.

      If we want a sustainable nation, we need to cut spending and raise revenue. If I were queen of the universe, I would make big cuts to defense and the prison-industrial complex. I also want to be sure that we maintain the social safely net, and I am willing to pay more now to make sure that SS and medicare are there for me when I am in my 80s and 90s. If I were queen, I would life the income cap on SS taxes as well.

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