Won't someone please think of the vacation home owners?

what does $3k buy you in Manhattan?

The median income in NYC is 52k, if you think making 250k in NYC is rich good for you.

1 bedroom in the most desirable neighborhoods (soho , tribeca , east village , gramercy , battery park city)

1.5 bedrooms in some convenient/in demand ( financial districts, Nolita , upper east side)

2 bedrooms in the ok neighborhoods (lower LES, Chinatown, murray hill , parts of hell kitchen)

2.5 bedrooms in the uptown areas ( east harlem , harlem, the heights , upper upper west side )

and that's not BUY you,, thats rent you,, the monthly nut for a mtg on above properties is 7k-9k a month depending on co-op/condo

Yes, I think making five times the median is pretty well off. Not sure how that's even debatable.

Why do you not live in Jersey City and look at NYC as your view? Plus cheaper rent more square footage? You would only have a 5 min path ride across the river or ferry.

Whatever economic growth is needed to make it revenue neutral is conincidentally exactly how much the tax plan will grow the economy.

"think of all the hookers and blow that Wall Street's going to get with this tax break while poverty skyrockets and services athrophy"

Rara: "umm hate hard working Mexicans and women working in the service industry much?"

It's always funny depending on your income level what one perceives as "rich".

No, I don't hate any hard working individuals.

I dont think you got the joke

No way its 5 minutes , even if basically on exchange place , I have a friend that lives two blocks from the grove street stop and it still takes him 40 minutes to get to his office on bowery , yes , you are on the WTC stop in 7 minutes, but unless you work below chambers , you still have to walk half an hour or take the subway up to bowery/canal area (even more if you are heading uptown on the east side) . No way i can live in jersey (even though if i HAD to , it would be JC , or hoboken , guttenberg, union city ) , my family relocated from the LES to north jersey when i was 12 , and i still havent forgiven my mother over 25 years later , so im super happy being back in NYC and just deal with it best i can.

What level of income / wealth do you think you'd need to get to before 95% of those at said level would recognize themselves as 'rich'?

You think 95% of people earning $500k a year would honestly consider themselves 'rich' and respond accordingly to a survey question? I'd wager not even close.

I am genuinely not sure that there are even 19 people in the country that would qualify.

Here is a pretty good like that shows the differences between the states and income levels.

https://www.cnbc.com/2017/06/12/how-...-us-state.html

The federal government can always "afford to pay" because they can create new money whereas individual states like Kansas cannot. The "lesson" of Kansas as applied to the federal government is that the GOP will claim the large federal deficit necessitates spending cuts, but it will not be true. Kansas is nothing like America

One-third rule not always feasible in Bay Area: "Jed Kolko, Trulia's chief economist, recently looked at what percent of the average monthly salary would be needed to rent a median-priced, two-bedroom apartment in 26 metro areas. San Francisco (including Marin and San Mateo counties) ranked fourth, at 50 percent. It trailed Miami (60 percent), New York (57 percent) and Los Angeles (51 percent)."

Income needed to buy median Bay Area home has doubled since 2012, is now at $179,000

Rise in rents far outstrips rise in wages in Bay Area: "From 2011 to 2016, the median wage in the three counties rose by a total of 14 percent, while the median apartment rent rose by a cumulative 45.2 percent, reported the regional institute, a unit of Joint Venture Silicon Valley."

But hey, you could always choose to be like this woman and commute from Stockton

I read that article on that lady from stockton ,, she makes enough to live somewhat closer but she made that choice , A lot of us that live close or in cities choose the opposite.. The thing is she is 62 and a govt worker, so she will be able to retire very soon, with a good retirement plan .. So she probably decided she can make that sacrifice for a couple years until she is fully retired.

also, getting up at 215am to leave the house at 345am, is kinda lol when you are waking up that early

I made about $150k/yr living in West Village in 2012-13 and literally never once had to budget or worry about money. Its dumbfounding that rara worries about the plight of people like me so much more than he does about people who can't keep their heat on or feed their kids.

with Corker becoming a no vote on tax reform. That leaves 1 more defection it doesn't pass right?

Corker isn't actually going to vote no.

Man you city folks pay a lot per er Sq Ft.

Err doesn't creating huge sums of money out of thin air come with its own host of problems, and should be avoided if possible? Like why not give everyone a million, and then we're all rich? I'm sure I'm out of my depth, but "we create money, chessmate," has to be too trivial to actually work.

It's not just city. If you want to live within 50 miles of NYC, i.e. anywhere in North Jersey, you will be paying $1500 for a two bed room with under 1000 square feet. My cousin paid similar prices ~25 miles out of DC.

https://twitter.com/jess_mc/status/922829493139595264