Warren Buffet: stop coddling the richest Americans

[gaelic cowboy]

Someone with a wage of 308k is not living in a townhouse in SD la mesa.

Come on now Centurion1 308k in a year is more than comfortable, you used the example of an SD house being worth 300k if I earn 308k a year I can afford that house easy. Most people have to buy a house that is 2-3 times there yearly wage however in your example the wage is 8000 more than the house itself even with the credit crunch the bank would practically murder people to give you a mortgage on that wage. Even if we take it that this is before tax there bringing home around 205-210 a year and they can still afford that house in SD.

Say they put aside 28-30% a month for the house thats 60-70k a year roughly (I didnt work it out it could be more or less) which means they spend after tax and the mortgage somewhere between 120-130k a year to live.

So there not Warren Buffett big deal there not worrying about there meals either.

its only 80k higher.

so what

200k before taxes. and it sounds upper middle class to me nothing more nothing less.

Upper middle class denote better than most though, the average middle class family is probably closer to 100-150 (before tax)