$100,000 Annually, doesn't stretch as far in the DMV like it use to. SMDH!!

[Stuntone]

You can still live nice, but you aint buying a house or saving shyt!

10 years ago, you could have a nice 3bd 2.5bath 2 car garage Townhouse and a nice SUV or 50k car and still have money to dine out and shop and trick off.

Now, not so much. Let's say you're making 100k, that's around 2600$ bi-weekly after taxes. So you have about $5,000 monthly to work with. A nice 1br about in $2000 + utilities. That's almost half of your earnings. I was told you should only use 30% towards housing. Good thing my car is paid off, so 2000$ a month wont kill me but it's hard paying that much in rent. That use to be a good mortgage. Maybe I should buy, but i'm hoping the market corrects itself soon.

I just moved back to DC last week from Louisiana. I don't know how all these people can survive these prices, must be a lot of shacking. I didn't come back up here to not be banking and saving. My house is paid for down there, so it's weird looking at this high azz rent. I haven't paid a mortgage or rent in years. I'll see how things go for a few months, if not well, i'm heading back South.

 

[Complexion]

What do you expect when they've been doing this since the mid 2000s?

The more they print the less its worth and for the past few the press has been in hyperdrive. Welcome to another devalued on purpose currency.

 

[Chrishaune]

You know the #1 place to live in America is now Huntsville

https://www.newsnationnow.com/us-news/report-huntsville-voted-best-place-to-live-in-the-us/

 

[JT-Money]

You can still live nice, but you aint buying a house or saving shyt!

10 years ago, you could have a nice 3bd 2.5bath 2 car garage Townhouse and a nice SUV or 50k car and still have money to dine out and shop and trick off.

Now, not so much. Let's say you're making 100k, that's around 2600$ bi-weekly after taxes. So you have about $5,000 monthly to work with. A nice 1br about in $2000 + utilities. That's almost half of your earnings. I was told you should only use 30% towards housing. Good thing my car is paid off, so 2000$ a month wont kill me but it's hard paying that much in rent. That use to be a good mortgage. Maybe I should buy, but i'm hoping the market corrects itself soon.

I just moved back to DC last week from Louisiana. I don't know how all these people can survive these prices, must be a lot of shacking. I didn't come back up here to not be banking and saving. My house is paid for down there, so it's weird looking at this high azz rent. I haven't paid a mortgage or rent in years. I'll see how things go for a few months, if not well, i'm heading back South.

I would try to finesse a fully remote gig and relocate somewhere cheaper. I don't see inflation being tamed for awhile.

 

[BaldingSoHard]

Be thankful that you have the freedom to move about without worry. That's better than a high-paying job with a life that lends itself to being anchored, imo.

 

[Kiyoshi-Dono]

nikka this is happening all over America
Don’t nobody feel pity for your circumstance
We all fukked at this point
You will own nothing and love it

 

[GodinDaFlesh]

Breh you gotta move to the suburbs of DC, not DC proper. Still expensive, but not as much.

 

[Stuntone]

Breh you gotta move to the suburbs of DC, not DC proper. Still expensive, but not as much.

Sit in 2 hours of traffic daily, just to saving 200$ per month??

 

[DatBoiHawk]

I could be tripping because it’s early, but how are you being taxed damn near 40 percent? 100k divided by 12 is 8,333. How are you being taxed 3000 a month to end up with 5200?

 

[Serious]

Sit in 2 hours of traffic daily, just to saving 200$ per month??

What’s wrong with PG

 

[Serious]

I could be tripping because it’s early, but how are you being taxed damn near 40 percent? 100k divided by 12 is 8,333. How are you being taxed 3000 a month to end up with 5200?

I’m guessing after deductions and he’s putting a higher percentage in his 401k / roth.


Also just looked it up.

Six figures in Florida is way more than six figures in DC

Almost a $300 more per check

Florida Paycheck Calculator - SmartAsset

SmartAsset's Florida paycheck calculator shows your hourly and salary income after federal, state and local taxes. Enter your info to see your take home pay.

smartasset.com

 

[Bubba T]

100k isn’t what it used to be anywhere bro

 

[Stuntone]

What’s wrong with PG

Where in PG, most places in PG that all close to DC are hood. I just left the hood in Louisiana. Fukk the hood, especially a hood i didn't grow up in. I am considering Silver Spring (still a bad commute to SouthEast). Might grab a Studio at the Harbor. I'm not trying to live in Upper Marlboro or Columbia. I would go to Alexandria, Arlington, but my women in Maryland.

 

[Rick Fox at UNC]

I could be tripping because it’s early, but how are you being taxed damn near 40 percent? 100k divided by 12 is 8,333. How are you being taxed 3000 a month to end up with 5200?

That's how it be. After state/federal/social taxes, you're not clearing 8.4k until hitting 145 or so.

And that's with min. 401k and benefits for a single man. Got a family? Shiiiiiit.

 

[ball15life]

What area do you work in?
The MARC/VRE might have to be your best friend