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Lucy22414ParticipantI live in San Jose, California where that house you mentioned would most likely go for $600,000. No kidding. There are some condos going up around the corner from where I work. They are nice, but not luxurious. They are in a decent area, but by no means in a ‘fashionable neighborhood’. They have 3 bedrooms, 1.5 ba, 2 car garage. The livingroom, kitchen and dinning room are all basically 1 room. These condos (no yard) start at $500,000. I have checked the real estate ads to find out what I can afford to buy on my salary – I’m an engineer. I can afford a mobile home, or maybe a 1br condo in a questionable part of town – and that’s it. So, given the cost of living in my area, I would not consider a person with an annual salary of $100K to be wealthy by any means. In this area I think you would have to make at least $300K a year to be wealthy. I think a family of 4 with an annual income of up to $45K can qualify for food stamps here.
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Name : Lucy22414, Gender : F, Race : Hispanic/Latino (may be any race), Age : 26, City : San Jose, State : CA, Country : United States, Occupation : Engineer, Education level : 4 Years of College,- AuthorPosts