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[+] Combined HHI is a bit over $500K. Nanny $50K per yr and housing $80K. Anyone similar... 1 reply
Talk : : February 15, 2009
Combined HHI is a bit over $500K. Nanny $50K per yr and housing $80K. Anyone similar expenses...trying to figure out how much it will hurt to cut to pay for private school. Assumed could afford it but with economy downturn (we used to make about $100K more) getting nervous. Help.
1 reply [ Reply | Watch | Options ]02.15.09, 10:01 PM [ Flag ]
[+] If we send dc to the private school we love we'll still be able to max out our 401ks ... 21 replies
- My Dh's and my HHI is about 500K. We live in 41/3 zone. If dd didn't have a trust fund from her grandparents, I would have not sent her private....
Talk : : February 15, 2009
If we send dc to the private school we love we'll still be able to max out our 401ks and put $$ in 529b but won't have much left over. Alternative is not-bad but not-great public (and no great middle school options here.) Should we pull the trigger on the private?
21 replies [ Reply | Watch | Options ]02.15.09, 07:55 PM [ Flag ]we are pretty much in the same situation, but with a decent public. We are going to try 1 year at private, and see if it is really worth the money. If not we will change for 1st
[ Reply | Options ]02.15.09, 08:06 PM [ Flag | link to this post ]We've discussed doing the same but worry that it would be too hard on dc.
[ Reply | Options ]02.15.09, 08:10 PM [ Flag | link to this post ]my dh moved no less than 15 times growing up and he is fine...kids really are resilient - they have to be..b/c the grow up to be grown ups in a world that doesn't "set it all up" for them to be easy.
[ Reply | Options ]02.15.09, 08:12 PM [ Flag | link to this post ]dh moved 10 times in 1 year when his parents returned back from abroad and were staying with family. He was fine
[ Reply | Options ]02.15.09, 08:17 PM [ Flag | link to this post ]
it will be hard at first, but at local genEd, they have 7K classes and mix them every year for first, so each db only knows 3-4 others from k year.
[ Reply | Options ]02.15.09, 08:15 PM [ Flag | link to this post ]
What about G&T options? Where are you?
[ Reply | Options ]02.15.09, 08:06 PM [ Flag | link to this post ]Well that seems like a pretty long shot at best. I think our choice is going to be between the private or the local public.
[ Reply | Options ]02.15.09, 08:12 PM [ Flag | link to this post ]Do you live in Manhattan?
[ Reply | Options ]02.15.09, 08:13 PM [ Flag | link to this post ]No, Riverdale.
[ Reply | Options ]02.15.09, 08:17 PM [ Flag | link to this post ]There are very good elementary schools in Riverdale and you would save $200K over 6 years.
[ Reply | Options ]02.15.09, 08:26 PM [ Flag | link to this post ]Which are very good? 24? 81?
[ Reply | Options ]02.15.09, 08:31 PM [ Flag | link to this post ]
My gf gave me very good advice the other day about similar situation..."don't be a martyr - in 10 yrs you dc will be off to live their own life and you will be in your fifties and have sacrificed everything for them...to only start living then." i think its so true. do what works for YOU...you dc will be fine in a decent PS - don't put yourself at risk.
[ Reply | Options ]02.15.09, 08:09 PM [ Flag | link to this post ]That is a good point and we have thought about it. Honestly I don't feel like we'd be martyrs because we live pretty frugally to begin with. Maybe I'm kidding myself but I don't think I'd feel "deprived", just worried if we have enough to save and/or serve as a cushion.
[ Reply | Options ]02.15.09, 08:22 PM [ Flag | link to this post ]look-depends if you already have a cushion, expect to inherit, own other real estate etc...if the answer to all of that is no - then its better you start putting $$ aside for your future...otherwise you dc will have the burden of worrying about you and how to support you (I have this problem...trust me, I feel no gratitude towards my parents).
[ Reply | Options ]02.15.09, 08:28 PM [ Flag | link to this post ]We'll have modest inheritances, certainly aren't counting on them. We own our home outright, no mortgage. Don't have much retirement-wise beyond 401ks.
[ Reply | Options ]02.15.09, 08:41 PM [ Flag | link to this post ]well...i guess it depends on weather you can sell your house and make enough off it to retire (meaning also get a place to live). not sure what modest inheritance means - but probably not enough to retire on and stay in your home. look if you put $30K away every year until you retire - you would have enough to retire and give $$$ for you dc to start business, buy home, or pay off some of those scary college tuition bills. personally - i think HS is where you spend..thats where it matters.
[ Reply | Options ]02.15.09, 08:46 PM [ Flag | link to this post ]
My Dh's and my HHI is about 500K. We live in 41/3 zone. If dd didn't have a trust fund from her grandparents, I would have not sent her private.
[ Reply | Options ]02.15.09, 08:38 PM [ Flag | link to this post ]you think highly of 41 then i take it.
[ Reply | Options ]02.15.09, 08:41 PM [ Flag | link to this post ]I toured it, liked the facilities, my friends who sent their kids there are happy.
[ Reply | Options ]02.15.09, 08:43 PM [ Flag | link to this post ]
How happy are you with the choice? I am just not that crazy about our local public.
[ Reply | Options ]02.15.09, 08:47 PM [ Flag | link to this post ]I am happy with the choice. but I wouldn't have paid 35K if all I had was HHI.
[ Reply | Options ]02.15.09, 08:50 PM [ Flag | link to this post ]
[+] FA Applicants: Anyone accepted into school that need FA, did you receive FA or turned... 23 replies
- Only acceptance letter we got came with the letter saying that we didn't qualified for FA. Hello! They could say they have limited funding or so, but we are not qualified with HHI below 100K? This is nuts....
Talk : : February 14, 2009
FA Applicants: Anyone accepted into school that need FA, did you receive FA or turned down? Which school? Thanks.
23 replies [ Reply | Watch | Options ]02.14.09, 01:09 PM [ Flag ]no mention of FA in envelope-- how about you?
[ Reply | Options ]02.14.09, 01:14 PM [ Flag | link to this post ]received letter saying not available due to current families needs and economic climate
[ Reply | Options ]02.14.09, 01:17 PM [ Flag | link to this post ]what school? we received no letter either way from FL
[ Reply | Options ]02.14.09, 01:20 PM [ Flag | link to this post ]
Accepted into school, but turned down for FA. Happened with dc #2 this year, and with dc #1 several years ago. Two different schools - don't want to out myself by mentioning which ones.
[ Reply | Options ]02.14.09, 02:35 PM [ Flag | link to this post ]will you still go?
[ Reply | Options ]02.14.09, 04:06 PM [ Flag | link to this post ]Don't know - this is a tough decision for us, but at times I really regret not sending dc #1 to the private school she got into. So we will probably suck it up and pay the full tuition. It will be very, very hard though.
[ Reply | Options ]02.15.09, 07:09 AM [ Flag | link to this post ]that's what they are counting on. its really aggravating that i qualify for fa, dc made it and its not attainable. oh well,..
[ Reply | Options ]02.15.09, 07:41 AM [ Flag | link to this post ]Well, if you are able to "suck it up and pay the full tuition" then it doesn't sound like you needed FA to begin with. Those funds should go to families who would otherwise not be able to send their kids to these schools. Period.
[ Reply | Options ]02.15.09, 07:51 AM [ Flag | link to this post ]ITA! As an FA applicant that can not send my dc to an accepted school I find this outrageous
[ Reply | Options ]02.15.09, 03:29 PM [ Flag | link to this post ]I am the OR, and I don't want to out myself, but if you knew our situation you would say otherwise. I think it's outrageous that we weren't offered FA, but we really want our dc to have an excellent education. So if that means getting a second/third job, giving up any small things we may do to make life easier in NYC, we will do it. You can make all of the comments you want, but we are definitely middle class, and nothing more.
[ Reply | Options ]02.15.09, 03:37 PM [ Flag | link to this post ]this is not a competition so the only comment i will make is that what you suggest is not an option fo my family.
[ Reply | Options ]02.15.09, 03:42 PM [ Flag | link to this post ]OR here again, and wondering if middle class families who do not offer diversity are kind of screwed in this process. We were absolutely encouraged by the private schools and other organizations to apply for FA, because these schools supposedly want socio-economic as well as racial diversity. While we are not a family that is struggling in some ways, we are in a position where some money would go a long way for us. I don't think it is a fair statement to say that FA should go only to those who have extreme need. That would mean that only the two extremes would get the opportunity to get the education that some of these schools have to offer, and others would never get the opportunity. So, while I am sorry for those who really can't afford it, as was our position for dc #1, and possibly again for dc #2, I do think the schools give a lot of lip service to offering different amounts of aid at different levels so that they can have a more balanced community of families.
[ Reply | Options ]02.15.09, 06:47 PM [ Flag | link to this post ]
We were in that situation a couple of years ago. We couldn't attend (for that year)without some fa, got an accept to FC-they had us FC and were highly aware of our need. You've got to realize that a lot more goes on with fa than is openly discussed-even here. We knew a family that hadn't fc'd but had applied and tossed the line for fa. The same school made them an outrageous, impossible to refuse fa offer(not reflective of their Princeton sss figures). They told us that it was clear the school needed bright AA kids and were willing to pursue them in that way. They're good friends; we were happy for them.
[ Reply | Options ]02.15.09, 03:46 PM [ Flag | link to this post ]Im not AA. And maybe I do not have a deep understanding of the FA process. DC will be fine but it sucks.
[ Reply | Options ]02.15.09, 03:56 PM [ Flag | link to this post ]
Received FA offers from 2 schools, dont want to say which ones
[ Reply | Options ]02.14.09, 02:45 PM [ Flag | link to this post ]Any of those TT? Any kind of diversity-offbeat careers, or ethnicity?
[ Reply | Options ]02.14.09, 03:27 PM [ Flag | link to this post ]UB considers them both 2nd T, diversity yes.
[ Reply | Options ]02.14.09, 03:29 PM [ Flag | link to this post ]
Only acceptance letter we got came with the letter saying that we didn't qualified for FA. Hello! They could say they have limited funding or so, but we are not qualified with HHI below 100K? This is nuts.
[ Reply | Options ]02.14.09, 07:38 PM [ Flag | link to this post ]my letter said i did qualify and that funds would be awarded if $ comes available.
[ Reply | Options ]02.14.09, 07:55 PM [ Flag | link to this post ]I hope it's not RC...
[ Reply | Options ]02.15.09, 03:48 PM [ Flag | link to this post ]why?
[ Reply | Options ]02.15.09, 05:47 PM [ Flag | link to this post ]
What are your assets? Do you both work?
[ Reply | Options ]02.14.09, 08:03 PM [ Flag | link to this post ]
POST ONLY IN NY SCHOOLS
[ Reply | Options ]02.14.09, 09:24 PM [ Flag | link to this post ]
[+] Do you think the schools are going to be looking at parents employment with regard to... 27 replies
- Financial aid can go up to at least 200K hhi at some schools....
Talk : : February 13, 2009
Do you think the schools are going to be looking at parents employment with regard to acceptances this year? Like Citi, BofA, Goldman, ML, etc.
27 replies [ Reply | Watch | Options ]02.13.09, 10:31 AM [ Flag ]yup.
[ Reply | Options ]02.13.09, 10:32 AM [ Flag | link to this post ]I was laid off late Nov, mentioned nothing of it during the interview process...
[ Reply | Options ]02.13.09, 10:33 AM [ Flag | link to this post ]do you think they ping your email to see if you are still employed?
[ Reply | Options ]02.13.09, 10:33 AM [ Flag | link to this post ]NP: of course they do. Privates are looking at some tough budgets ahead without big bucks from bank/Fin parents. They would be smart to see if what you presented at the interview is the REAL you.
[ Reply | Options ]02.13.09, 10:35 AM [ Flag | link to this post ]Nope. Gave them personal only. Besides, you think they'd hire someone to just check people's emails...don't think so.
[ Reply | Options ]02.13.09, 10:35 AM [ Flag | link to this post ]you don't think if they would think it was weird if you gave them personal?
[ Reply | Options ]02.13.09, 10:37 AM [ Flag | link to this post ]Why would you give them your work email? This is a personal matter, and not one you should be dealing with from your work address.
[ Reply | Options ]02.13.09, 10:56 AM [ Flag | link to this post ]at some places, it is a working matter. a lot of your references come from colleagues. Like, yes, they are in the family.
[ Reply | Options ]02.13.09, 11:00 AM [ Flag | link to this post ]The fact that your references come from colleagues (on their own stationery, one would hope, and not the firm's) doesn't mean it's strange to give your personal email address for a personal matter.
[ Reply | Options ]02.13.09, 11:08 AM [ Flag | link to this post ]
Work email is for work related purposes only. Why would it be strange to give out your personal email for non work-related purposes?
[ Reply | Options ]02.13.09, 11:02 AM [ Flag | link to this post ]What an insane questions. Who gives out work e-mail for personal business>
[ Reply | Options ]02.13.09, 11:31 AM [ Flag | link to this post ]many apps actually asked for work email address
[ Reply | Options ]02.13.09, 12:24 PM [ Flag | link to this post ]
Yes. If you are an MD or a PhD (non business), you will be preferred.
[ Reply | Options ]02.13.09, 10:33 AM [ Flag | link to this post ]MD - as in doctor? I doubt that. I heard that in the doctor profession, they have to give quite a bit of FA
[ Reply | Options ]02.13.09, 10:34 AM [ Flag | link to this post ]We make 180K (double income MD/Technology) and do not get FA. Most MDs are double income and fall above the FA cut off.
[ Reply | Options ]02.13.09, 10:36 AM [ Flag | link to this post ]What is the FA cutoff anyway?
[ Reply | Options ]02.13.09, 10:37 AM [ Flag | link to this post ]130K from what I recall
[ Reply | Options ]02.13.09, 10:38 AM [ Flag | link to this post ]Awesome.
[ Reply | Options ]02.13.09, 10:38 AM [ Flag | link to this post ]
We were told not to bother applying if you make over 150K and have 1 dc.
[ Reply | Options ]02.13.09, 10:38 AM [ Flag | link to this post ]
most of the finance profession have base salaries above this. do you still think the same?
[ Reply | Options ]02.13.09, 10:38 AM [ Flag | link to this post ]not us
[ Reply | Options ]02.13.09, 10:57 AM [ Flag | link to this post ]
Financial aid can go up to at least 200K hhi at some schools.
[ Reply | Options ]02.13.09, 10:57 AM [ Flag | link to this post ]
I was wondering about that. As PhDs, dh and I don't make so much, but I think our income is relatively steady at least in times like these. Could be a big change from last year for us.
[ Reply | Options ]02.13.09, 10:35 AM [ Flag | link to this post ]Us too! We make above the FA cut off, and have "safe" jobs. We would be a safe choice for the school.
[ Reply | Options ]02.13.09, 10:37 AM [ Flag | link to this post ]
I am sure they will take some bankers but will make certain to diversify as far as parent occupations go.
[ Reply | Options ]02.13.09, 10:39 AM [ Flag | link to this post ]that seems like a naive view in the current climate
[ Reply | Options ]02.13.09, 12:05 PM [ Flag | link to this post ]
I think they always do, don't they?
[ Reply | Options ]02.13.09, 12:11 PM [ Flag | link to this post ]
[+] If both NYS and NYC raise taxes on high earners, then they will start to leave NYC. ... 34 replies
- 9-11 as I live in zone 2 from ground zero. Just taking my husband and 2 boys and running for California. But it was only fleeting. The thought of leaving hasn't even crossed my mind with this recession. I'm not a high earner and my HHI has been cut in half. But I'm not going anywhere. Not even too the suburbs. LOL....
Talk : : February 12, 2009
If both NYS and NYC raise taxes on high earners, then they will start to leave NYC. Along with the rising sales taxes, tolls, etc., it just gets to be too much.
34 replies [ Reply | Watch | Options ]02.12.09, 01:44 PM [ Flag ]In all honesty I don't think they will leave and if they do, NYC is pretty damn resilient. I'm a born and raised New Yorker and have seen NYC at it's worst and at it's best. I have faith in this city I love very much. I had a fleeting moment of leaving after 9-11 as I live in zone 2 from ground zero. Just taking my husband and 2 boys and running for California. But it was only fleeting. The thought of leaving hasn't even crossed my mind with this recession. I'm not a high earner and my HHI has been cut in half. But I'm not going anywhere. Not even too the suburbs. LOL.
[ Reply | Options ]02.12.09, 01:59 PM [ Flag | link to this post ]OP: you are not someone who I would expect to leave as you are not a high earner.
[ Reply | Options ]02.12.09, 02:06 PM [ Flag | link to this post ]What is that suppose to mean? I still pay taxes. I'm paying off a mortgage. I'm paying off my student loans, and have two children in college with big tuitions. Have a truck, though it's about 6 year old. So I don't get what you're saying.
[ Reply | Options ]02.12.09, 02:11 PM [ Flag | link to this post ]But since this is a question for high earners. I'll stay out of it.
[ Reply | Options ]02.12.09, 02:12 PM [ Flag | link to this post ]
we are high hearners and we aren't leaving. commute an enormous hassle and added expense; my career is in NYC.
[ Reply | Options ]02.12.09, 02:08 PM [ Flag | link to this post ]We are high earners and we left a year ago because the thought of going through the whole private school process stressed me out so much.
[ Reply | Options ]02.12.09, 02:16 PM [ Flag | link to this post ]Yep. Article this week in the times about raising NYS taxes tipped the scales. Meeting with realtrs next week. Straw, meet camel.
[ Reply | Options ]02.12.09, 02:26 PM [ Flag | link to this post ]Don't go see Revolutionary Road. You'll want to kill yourself.
[ Reply | Options ]02.12.09, 03:15 PM [ Flag | link to this post ]I live in NYC and that movie is hardly representative of suburban life. It's just trash from some Hollywood types that like bashing anything traditional. Is Lindsay Loahn representative of all child stars.
[ Reply | Options ]02.12.09, 03:33 PM [ Flag | link to this post ]Lindsay Lohan aside, it's not as if child stars as a group have the best rep of going on to having great lives.
[ Reply | Options ]02.12.09, 03:44 PM [ Flag | link to this post ]
Seriously?? That extra 1% or so will make it SO unaffordable for you to stay here? HELLO! It's only for families making over $300K! Believe it or not, MILLIONS are getting by just fine on a FRACTION of that. And just where do these so-called "high earners" expect to go? Pittsburgh? Cleveland? San Antonio?
[ Reply | Options ]02.12.09, 03:33 PM [ Flag | link to this post ]A 55 percent tax rate (fed/state/city) absolutely will drive away high earners, especially when Ct. and NJ will have a local tax rate that is half of NYC.
[ Reply | Options ]02.12.09, 03:36 PM [ Flag | link to this post ]Good riddance. Maybe now real estate prices will come down.
[ Reply | Options ]02.12.09, 03:40 PM [ Flag | link to this post ]The problem is that the city disproportionaly relies on these high earners and everyone who leaves increases the tax burden on the rest of us or causes that many more city services to be cut.
[ Reply | Options ]02.12.09, 03:43 PM [ Flag | link to this post ]There's a lot of fat in our "city services" anyway.
[ Reply | Options ]02.12.09, 03:46 PM [ Flag | link to this post ]I don't disagree there. But due to pension increases and medicare obligations, which are exponentially increasing, the cuts will likely occur in places we will notice. Like the next police academy class is cancelled, thus the number of cops on the street will be at the lowest level in over 10 years.
[ Reply | Options ]02.12.09, 03:49 PM [ Flag | link to this post ]
Yeah!! And bridges!! And teacher salaries!!
[ Reply | Options ]02.12.09, 03:45 PM [ Flag | link to this post ]
You misunderstand the concept of scale-tipping and camel-back-breaking. It's already the case that moving out of NYC saves 4%. On 400-500K, that's one kid's tuition. On top of that, in the suburbs you probably won't end up paying tuition anyway. Moving out of NYS saves another 2%. Throw in another 2% (that's the proposal, not 1%), and for some people, it becomes impossible to justify paying all that extra. You have to include all the $$$, not just the last incremental change.
[ Reply | Options ]02.12.09, 03:39 PM [ Flag | link to this post ]And no, not Pittsburgh, just Weschester (to save the 4%) or CT (To save 7 or 8%!!!! that's a lot of scratch!). It's not that you can't possibly live in NYC on 300K, it's that when you're making 300K, living in a crappy apt, and saving $0 for retirement due to taxes and tuition you start saying "what the hell is the point of making $300K if I can't afford a babysitter." Maybe at $2 million the balance is different, but there's more of us in the $300-600 range than up in the millions.
[ Reply | Options ]02.12.09, 03:42 PM [ Flag | link to this post ]As a high earner, I can't imagine moving to the suburbs, regardless of how high the tax rate is. Honestly, if you're pulling down those kinds of dollars and an extra percentage or two is breaking the camel's back, you're living irresponsibly high on the hog.
[ Reply | Options ]02.12.09, 03:45 PM [ Flag | link to this post ]Maybe, but I don't think so. If you've got multiple private school tuitions, and add in NY rent, you're already shelling out over $120K after-tax dollars. A 300K salary in NYC nets what? Maybe $150 after taxes & health insurance contribution? So after taxes, rent, tuition you're not exactly rolling in it.
[ Reply | Options ]02.12.09, 03:51 PM [ Flag | link to this post ]If all the tax increases are put in place, 300k will give you 135k, then from that you will have to take out health insurance and 401k, so take-home will be somewhere in the 115k range.
[ Reply | Options ]02.12.09, 03:54 PM [ Flag | link to this post ]Yikes. Is there a tax calculator somewhere to compare NYC, NYS non-city, and CT tax burdens?
[ Reply | Options ]02.12.09, 03:56 PM [ Flag | link to this post ]
The point is, anywhere else $400K would let you live high off the hog. Here, it doesn't, and it can be frustrating to see that just by moving 5 miles you could free up so much financial burden and either save a lot or live a better lifestyle.
[ Reply | Options ]02.12.09, 03:58 PM [ Flag | link to this post ]
itta. all these idle threats to leave nyc are just that. anyone who still has a high-paying job is going to hang on for dear life. what are they going to do? sell their penthouses at pennies on the dollar?
[ Reply | Options ]02.12.09, 03:52 PM [ Flag | link to this post ]if you sell and buy, it comes out a wash. And it might save you a few thousand a month to do so.
[ Reply | Options ]02.12.09, 04:03 PM [ Flag | link to this post ]
I like the NY Times class war article. "New York To Tax The Rich". There's a big difference between comfortable and rich. Two income earners bringing home 150K each isn't the same as someone living on CPW with a house in Nantucket. This is why I cancelled the Times.
[ Reply | Options ]02.12.09, 03:36 PM [ Flag | link to this post ]make that "just cancelled"
[ Reply | Options ]02.12.09, 03:37 PM [ Flag | link to this post ]
If the high earners choose to leave because of high taxes, then NYC was really wasted on them anyway. There are many people who make a lot less who stay in NYC despite the high cost because other things about the city are important to them.
[ Reply | Options ]02.12.09, 03:41 PM [ Flag | link to this post ]Yeah!! Screw 'em! We didn't need their stinkin' tax money anyway!
[ Reply | Options ]02.12.09, 03:43 PM [ Flag | link to this post ]You tell em. Oh wait, who'll pay the bills. As Magaret Thatcher said, "the problem with socialism is you eventually run out other peoples money".
[ Reply | Options ]02.12.09, 03:48 PM [ Flag | link to this post ]
The Huffington Post has an article saying something like the Upper Middle Class wins. UMC means anyone making between 85,000 and 125,000. And here I though I was broke-ass class. LOL. Now I know 85 grand goes a longer way in say Wyoming but, I still don't think this amount of money for a family of 3 or 4 is UMC. Maybe middle class as I would leave off the upper.
[ Reply | Options ]02.12.09, 03:43 PM [ Flag | link to this post ]But just to be clear, the study that came out earlier this week said to be **middle class** in Manhattan, one had to earn $123k.
[ Reply | Options ]02.12.09, 03:44 PM [ Flag | link to this post ]that's right.
[ Reply | Options ]02.12.09, 03:47 PM [ Flag | link to this post ]
[+] finance moms or moms with husbands in finance...on a %age basis how much down from la... 22 replies
- Total comp was down about 30% - last year 1.1M, this year 750K. Base is 150K. Our HHI is his salary plus my about 100K....
Talk : : February 12, 2009
finance moms or moms with husbands in finance...on a %age basis how much down from last year and HHI, pls. ty.
22 replies [ Reply | Watch | Options ]02.12.09, 07:21 AM [ Flag ]$1.2 amazingly enough they stuck to his contract - but next year who knows, he wants out, maybe trade for himself
[ Reply | Options ]02.12.09, 07:24 AM [ Flag | link to this post ]I hate people who had contracts
[ Reply | Options ]02.12.09, 07:26 AM [ Flag | link to this post ]why would you say that? he did his job, he didn't fuck up, he is extremely dedicated and hard working for his company....he certainly doesn't expect one this year though, a lot of decisions to make
[ Reply | Options ]02.12.09, 07:37 AM [ Flag | link to this post ]b/c I do. I did exactly the same thing, have been a proven loyal employee for 10 yrs, far exceeded plan and got s*&%^$G! I know this is the way of the world, but I am entitled to be angry.
[ Reply | Options ]02.12.09, 07:40 AM [ Flag | link to this post ]you are, i agree, he realizes how fortunate he is
[ Reply | Options ]02.12.09, 07:59 AM [ Flag | link to this post ]
op- well done. down 50% here, 450K this year...and grateful.
[ Reply | Options ]02.12.09, 07:27 AM [ Flag | link to this post ]You both did MUCH better than I did.
[ Reply | Options ]02.12.09, 07:38 AM [ Flag | link to this post ]
My income down about 70%, my bonus was pretty close to $0 (not even stock). DH works but after taxes and nanny, not much of his paycheck left. It is very scary.
[ Reply | Options ]02.12.09, 07:25 AM [ Flag | link to this post ]well we are seriously thinking of vacating the city, the tax implications are enough reason and they are only going up...everyone flames about Wall Street and IBers...however, that is a part of NYC, personally i find it quite sad to think that it is gone forever, it is part of what made NY what it is, just bc some people did bad things doesn't mean everyone did and now it's just gone.....this city is in for some major changes, especially without those tax dollars
[ Reply | Options ]02.12.09, 07:40 AM [ Flag | link to this post ]ITA, I am kind of in a support role in an IB, but not back office. I never really participated in the upside, but boy am I sharing in downside! My salary was low, never got a raise b/c I was supposed to rely upon bonus for comp increase. Now this yr $0 bonus and my salary is crazy low. I am not sure that moving will drastically decrease our costs. I live a pretty low-key non-IBanking life style, but I have really had to rethink EVERYTHING. It is so scary.
[ Reply | Options ]02.12.09, 07:44 AM [ Flag | link to this post ]I really have nothing against people who make a lot of money, but they make real estate prices and rents go up and I'm looking forward to the downward trend in that. Makes it easier for me who grew up here to buy a home. And I lived through the 70s. I
[ Reply | Options ]02.12.09, 07:48 AM [ Flag | link to this post ]Just realize with less income there is less tax revenue and fewer services, which does not help anyone's quality of life.
[ Reply | Options ]02.12.09, 08:06 AM [ Flag | link to this post ]I realize that, but things have been too crazy in the housing market. Things will stabilize at a lower level. Wall Street is responsible for 25% of tax revenue. That means 75% is from other sources. Also not all Wall Street money is going away in the long run. I believe there will still be Wall Street jobs. Just not as many. There are tons of people living outside of Manhattan who will jump at the chance to move back here. People move to NY from other parts of the country and have always done so. NY is a special place like London and Paris. It may not do great but I will always want to live here.
[ Reply | Options ]02.12.09, 08:18 AM [ Flag | link to this post ]
Rent control and stabilization decrease the number of units available at market rent, which leads to higher rents.
[ Reply | Options ]02.12.09, 01:03 PM [ Flag | link to this post ]
$900k, dh bonus down 25 per cent, both our salaries frozen
[ Reply | Options ]02.12.09, 07:43 AM [ Flag | link to this post ]$1.6MIL last year. This year $350K.
[ Reply | Options ]02.12.09, 08:13 AM [ Flag | link to this post ]ouch...did you know or was it a surprise...how do you feel about it?
[ Reply | Options ]02.12.09, 09:20 AM [ Flag | link to this post ]
My bonus last year was $1 million, this year only $300,000. Base has been stuck at $100,000 for the past few years. My husband is in pretty much the same situation.
[ Reply | Options ]02.12.09, 08:17 AM [ Flag | link to this post ]Total comp was down about 30% - last year 1.1M, this year 750K. Base is 150K. Our HHI is his salary plus my about 100K.
[ Reply | Options ]02.12.09, 12:42 PM [ Flag | link to this post ]My income is down 100% as I lost my job.
[ Reply | Options ]02.12.09, 12:57 PM [ Flag | link to this post ]I'm a SAHM. Dh in IB (non-bailout bank). 1mm last year, 700k this year (300k of that paid out in 100k installments in each of the next three coming years).
[ Reply | Options ]02.12.09, 01:00 PM [ Flag | link to this post ]Down 50% - DH lost his job last yr. Got a new one, but no bone till 2010.
[ Reply | Options ]02.12.09, 03:41 PM [ Flag | link to this post ]
[+] Is it a bad idea to hire a young, very attractive nanny? I completely trust my dh, ju... 23 replies
- If you're over 35, have a drooper set of cans, don't exercise, have a liberal arts degree, contribute little or nothing to the family HHI, and are otherwise a non-contender for the cover of a men's magazine . . . umm . . . don't hire the hot nanny....
Talk : : February 11, 2009
Is it a bad idea to hire a young, very attractive nanny? I completely trust my dh, just wondering if it will lead to other problems, i.e. unwanted attention from men on the street or other distractions. I'm not trying to be sexist but can't help worry about db's well-being.
23 replies [ Reply | Watch | Options ]02.11.09, 01:16 PM [ Flag ]if she is the best-qualified, hire her.
[ Reply | Options ]02.11.09, 01:19 PM [ Flag | link to this post ]i have a babysitter who is a knockout. no down-side.
[ Reply | Options ]02.11.09, 01:20 PM [ Flag | link to this post ]only a moron would hire a young very attractive nanny. duh
[ Reply | Options ]02.11.09, 01:20 PM [ Flag | link to this post ]you must have zero self-confidence.
[ Reply | Options ]02.11.09, 01:24 PM [ Flag | link to this post ]no, I have lots of confidence, especially in my BRAINS
[ Reply | Options ]02.11.09, 01:45 PM [ Flag | link to this post ]
I was a young, attractive nanny while I got my graduate journalism degree and I think you'd be absolutely wrong not to hire her! How in the world can attention on the street take away from her ability to care for your DC? How awful to even think so. Are you for real?!
[ Reply | Options ]02.11.09, 01:22 PM [ Flag | link to this post ]As I man, I have to say go for it.
[ Reply | Options ]02.11.09, 01:23 PM [ Flag | link to this post ]I dare you to explain yourself
[ Reply | Options ]02.11.09, 01:25 PM [ Flag | link to this post ]Some things do not bear explaining.
[ Reply | Options ]02.11.09, 01:27 PM [ Flag | link to this post ]
Why would you put your husband through that? Personally, i would not want to feel attracted to someone I see all the time - it would only torture me.
[ Reply | Options ]02.11.09, 01:34 PM [ Flag | link to this post ]clearly you have never worked with the hot mailroom guy.
[ Reply | Options ]02.11.09, 01:34 PM [ Flag | link to this post ]well, that's exactly the point - i did work with the hot mailroom guy and knowing i could have him but really couldn't was torture.
[ Reply | Options ]02.11.09, 01:37 PM [ Flag | link to this post ]huh. i jsut got desensitized.
[ Reply | Options ]02.11.09, 01:47 PM [ Flag | link to this post ]
If you're over 35, have a drooper set of cans, don't exercise, have a liberal arts degree, contribute little or nothing to the family HHI, and are otherwise a non-contender for the cover of a men's magazine . . . umm . . . don't hire the hot nanny.
[ Reply | Options ]02.11.09, 01:37 PM [ Flag | link to this post ]You sound like a jerk, must be.
[ Reply | Options ]02.11.09, 01:39 PM [ Flag | link to this post ]ITTTA. Raise your own kids. Inviting a hot young thing into the household to "share" motherly responsibilities will only tempt DH. Why invite the temptation?
[ Reply | Options ]02.11.09, 01:47 PM [ Flag | link to this post ]oh god, its "raise your own kids" mom.
[ Reply | Options ]02.11.09, 01:49 PM [ Flag | link to this post ]oh god, it's "outsource-your-childrearing" mom!
[ Reply | Options ]02.11.09, 01:52 PM [ Flag | link to this post ]
liberal arts degree? What is wrong with you?
[ Reply | Options ]02.11.09, 01:56 PM [ Flag | link to this post ]
Our last nanny was in her early 20s and very attractive. It was never an issue. We preferred someone younger b/c our children were preschoolers and had a lot of energy. She was great with them. As a bonus, she was totally OCD and our house was spotless all the time. I don't get why so many women have such an issue with this. Aside from the whole principal of not being discriminatory and treating other women the way you would want to be treated, is your DH spending hours with the nanny without you or DC around? Mine would see ours for maybe 5-10 minutes a day before he left for the train.
[ Reply | Options ]02.11.09, 01:47 PM [ Flag | link to this post ]...that you know of.
[ Reply | Options ]02.11.09, 01:47 PM [ Flag | link to this post ]Thanks, I appreciate the serious responses. I don't want to be discriminatory, and I do think I want someone younger with more energy. Like I said dh is not a problem, in fact it was he who expressed concern that she might have trouble with men after I told him she was very pretty (my mother had the same response). As to the "liberal arts" poster, wtf? Yes I have a liberal arts degree--and a JD that enables me to contribute a large portion of the HHI.
[ Reply | Options ]02.11.09, 02:45 PM [ Flag | link to this post ]if she is pretty and in her 20's, she probably knows how to handle male attention by now.
[ Reply | Options ]02.11.09, 02:52 PM [ Flag | link to this post ]
[+] Anyone think retail prices and prices at Starbucks and similar will drop significantl... 2 replies
Talk : : February 11, 2009
Anyone think retail prices and prices at Starbucks and similar will drop significantly in the next while? We're fortunate enough to still have a reasonably high hhi (will be way less than last year, though) and I find myself constantly thinking of ways to save or how NOT to spend money. If I'm doing this, I can't imagine many people are buying much of anything discretionary.
2 replies [ Reply | Watch | Options ]02.11.09, 10:20 AM [ Flag ]I don't know... Antiques are down, but I think stores are limiting the supply vs. dropping prices. In December their margins got killed (retailers) so they have wisened up and are firing people, managing inventory and closing down locations. Nothing at the Gap is on sale. ALthough, nothing sold in January :).
[ Reply | Options ]02.11.09, 12:04 PM [ Flag | link to this post ]NP: This is exactly it. When I need a new stroller, I have done well in the past by buying last year's model. Went to BBB last week, hoping to score a 2008 Volo for $75 or less, and salesman told me that they sold out of the 2008 models a long time before they even rec'd shipment of 2009 models. Smart on the store's part, but sadly I can't get my bargain!
[ Reply | Options ]02.11.09, 12:09 PM [ Flag | link to this post ]
[+] Can a family w/HHI of $200K get financial aid for a typical private school. Do not o... 4 replies
Talk : : February 11, 2009
Can a family w/HHI of $200K get financial aid for a typical private school. Do not own home, rent, and have 2nd dc starting school.
4 replies [ Reply | Watch | Options ]02.11.09, 06:05 AM [ Flag ]hmmmmm maybe but if you do I'd assume it won't be much
[ Reply | Options ]02.11.09, 06:10 AM [ Flag | link to this post ]yes you should qualify.
[ Reply | Options ]02.11.09, 06:41 AM [ Flag | link to this post ]but not for a huge amount, few thousand dollars
[ Reply | Options ]02.11.09, 06:55 AM [ Flag | link to this post ]
Don't they look at assets and savings as well?
[ Reply | Options ]02.11.09, 06:54 AM [ Flag | link to this post ]
[+] so bam announces the bailout plan and the market tanks? i was scared before, but now ... 38 replies
- Sorry but this is ridiculous, 100K is still well above average for Manhattan as HHI, and here we just talk about one person's salary not HHI. And as for sales people, they definitely do...bonuses. Its the groups that made money that got payed a fraction of what they normally do. BTW, it takes a hhi of 123K in nyc (including boroughs) to be middle class. So check your facts....
Talk : : February 11, 2009
so bam announces the bailout plan and the market tanks? i was scared before, but now i'm scared sh&tless. no job and soon to be underwater on our apartment. i feel sick.
38 replies [ Reply | Watch | Options ]02.11.09, 06:03 AM [ Flag ]I think it was more the treasury secretary "plan" to help banks that caused the market to crash...was that what you meant?
[ Reply | Options ]02.11.09, 06:04 AM [ Flag | link to this post ]I'm in the same boat, though not yet unemployed and very pg so completely stressed out. I think the reason for the negative reaction was the bank bailout package had little or no information. The market has been waiting for some info on how bad assets may be bought and how they will be priced. Unfortunately Geithner just mentioned a $ number for how much he can spend and no other details.
[ Reply | Options ]02.11.09, 06:19 AM [ Flag | link to this post ]that's the way to media pundits explained it
[ Reply | Options ]02.11.09, 06:22 AM [ Flag | link to this post ]Not just media pundits, even economists. I'm a trader so its also the biggest gossip/news we were waiting for.
[ Reply | Options ]02.11.09, 06:24 AM [ Flag | link to this post ]i think it was also the tone of obama's remarks. he pretty much said, there's no easy fix when it comes to wall st. that on top of the $500k ceo cap. wall st. is afraid of him, they think he won't let them off the hook.
[ Reply | Options ]02.11.09, 06:38 AM [ Flag | link to this post ]^and the fact that there's so much govt. control implied in the plan.
[ Reply | Options ]02.11.09, 06:39 AM [ Flag | link to this post ]The new regulations are sorely needed, without them securitization is not going to make a comeback at all. There is no trust in the market right now. Fixing the rating agencies and eliminate conflicts of interest is another thing that has to get done.
[ Reply | Options ]02.11.09, 06:48 AM [ Flag | link to this post ]
Yes and not without reason. While Wall St bears a lot of the blame for this crisis (and has paid the big price in terms of lost value of assets/investments) the crisis wouldn't happen without irresponsible borrowing from homeowners and irresponsible monetary policy in the 90's. But Obama played to the owest common denominator with 'the greed and corruption of wall st. brought this' rhetoric, which is unproductive in solving the problem
[ Reply | Options ]02.11.09, 06:54 AM [ Flag | link to this post ]^ and then again with the $18B bonuses, which he called outrageous and shameful because the CEOs rewarded themselves. He should have known that a) no wall st CEO got a bonus, b) the bonuses are 80% of the compensation for most retained employees and c) they average at about $112K an employee, which on top of a base salary of $100k brings it to an unremarkable $200k/yr. This is not much in Manhattan, less than $120k in Chicago. He had to know all this and yet he chose to parrot what people wanted to hear. Its ok for someone not is finance to hold this view, but its irresponsible for the president to cement the view.
[ Reply | Options ]02.11.09, 06:58 AM [ Flag | link to this post ]Sorry but you just don't pay bonuses when you don't make any money, it is as simple as that. 100K base salary is still higher than almost any other industry.
[ Reply | Options ]02.11.09, 07:00 AM [ Flag | link to this post ]ita
[ Reply | Options ]02.11.09, 07:01 AM [ Flag | link to this post ]Maybe they shouldn't call it bonuses. Do you stop paying car salesmen commissions if the dealership doesn't make money? And if you do, how do you get them to sell cars again. And 100k base in manhattan is below middle class average... so no, its not higher than any other industry.
[ Reply | Options ]02.11.09, 07:02 AM [ Flag | link to this post ]Sorry but this is ridiculous, 100K is still well above average for Manhattan as HHI, and here we just talk about one person's salary not HHI. And as for sales people, they definitely do not get any commission if they don't sell anything.
[ Reply | Options ]02.11.09, 07:04 AM [ Flag | link to this post ]actually according to a recent study, middle class in NYC is between $75k and $125k, so although $100k is below middle class average, it's not well above average either
[ Reply | Options ]02.11.09, 07:08 AM [ Flag | link to this post ]^^^is not below
[ Reply | Options ]02.11.09, 07:08 AM [ Flag | link to this post ]
Thats my point exactly. If you don't get a commission if you sold profitably because the firm didn't make money, you have very little incentive to sell again. In the firm (Wall st) I work, the groups that lost money have gone and not got bonuses. Its the groups that made money that got payed a fraction of what they normally do. BTW, it takes a hhi of 123K in nyc (including boroughs) to be middle class. So check your facts.
[ Reply | Options ]02.11.09, 07:09 AM [ Flag | link to this post ]saw the same study, and 123k is the upper end of average. range was started at $75
[ Reply | Options ]02.11.09, 07:12 AM [ Flag | link to this post ]
ita. But bonuses as the rest of the world understands it is a part of a share in the profits, not a part of deferred compensation. Wall st needs to call it something else.
[ Reply | Options ]02.11.09, 07:06 AM [ Flag | link to this post ]Calling it something else is one thing, but making the profits again is the main issue here. If they do, there will be no problem. If they don't, calling it something else will not magically make it appear.
[ Reply | Options ]02.11.09, 07:10 AM [ Flag | link to this post ]
They should call it commissions and give a portion of what they make. However, everyone gets "bonuses", even the admins, and what would they call theirs? They aren't in a position of making money for the company. It would have to still be called a bonus.
[ Reply | Options ]02.11.09, 07:09 AM [ Flag | link to this post ]They can call it profit sharing, then it would be clear they actually need to make profits for people to get something.
[ Reply | Options ]02.11.09, 07:12 AM [ Flag | link to this post ]Good idea.
[ Reply | Options ]02.11.09, 07:17 AM [ Flag | link to this post ]
don't think you're going to get very far with the $200k is unremarkable argument
[ Reply | Options ]02.11.09, 07:01 AM [ Flag | link to this post ]I was trying to say that its not 'outrageous and shameful'. I think theatrics should be left to presidential candidates, not presidents.
[ Reply | Options ]02.11.09, 07:04 AM [ Flag | link to this post ]Bottom line is, if Wall Street wants to return to fat bonuses they need to figure out how to make money again. Otherwise, it is just not happening.
[ Reply | Options ]02.11.09, 07:05 AM [ Flag | link to this post ]Thats neither here nor there. We aren't talking about bonuses, we are talking about compensation and incentives to buy/sell at competitive prices. Most wall st jobs are unlike corp jobs.
[ Reply | Options ]02.11.09, 07:11 AM [ Flag | link to this post ]Again, in order to earn high compensation, you have to make a lot of money for the company. If WS people can figure out how to do it again, there will be no issue. If they can't, then they obviously don't deserve it.
[ Reply | Options ]02.11.09, 07:14 AM [ Flag | link to this post ]
Fifth best bonus season in the history of Wall St. That's all I have to say.
[ Reply | Options ]02.11.09, 07:17 AM [ Flag | link to this post ]
so no news is bad news? how does a guy who has had the job for a week or so come up with a detailed plan? isn't it better to come out and say, the money's there, we're ironing out the details, hold tight? i don't get it.
[ Reply | Options ]02.11.09, 06:37 AM [ Flag | link to this post ]I agree, but the market is not always rational about these things. They announced a 'bank bailout plan' to be released on such and such a date, so the market is waiting for it to happen. I do hope Geithner thinks is through REALLY well and pays attention to all the signals he is giving the market.
[ Reply | Options ]02.11.09, 06:45 AM [ Flag | link to this post ]They raised expectations that there would be a plan, and there isn't one yet. And how is the money there? He does not have the 2 trillion that he says is needed does he?
[ Reply | Options ]02.11.09, 06:48 AM [ Flag | link to this post ]
read the post column today if you live in NYC...not good news at all, the link is http://www.nypost.com/seven/02112009/postopinion/opedcolumnists/ny_without_wall_st__154447.htm">NY WITHOUT WALL ST.</a>
[ Reply | Options ]02.11.09, 06:49 AM [ Flag | link to this post ]yeah, I go to the post for all my economic news
[ Reply | Options ]02.11.09, 06:52 AM [ Flag | link to this post ]np: Unfortunately, I have to agree that this kind of tax increase will just give incentives to wealthy people to make their primary residence elsewhere. Way too much of a tax hike in this economy.
[ Reply | Options ]02.11.09, 06:53 AM [ Flag | link to this post ]let them go. The last 15 years in this town has been all about catering to the rich people. The city has reaped some benefits and sustained some losses too during this trend. At any rate, the gilded age has run its course and it's time for the pendulum to swing the other way. NYC has gotten dull, dull, dull as every block from 96th Street to Park Slope has begun to resemble the Short Hills mall. Send the rich people back to New Jersey!
[ Reply | Options ]02.11.09, 07:06 AM [ Flag | link to this post ]lol, and Long Island
[ Reply | Options ]02.11.09, 07:10 AM [ Flag | link to this post ]
You are not alone. And because there are so many people in your position, something will have to give. What will it be? When will it happen? Nobody can say. But our society cannot take too much of this. Hopefully, there will be some kind of big shakeout soon and we can start rebuilding. I'm sorry for your losses. Try meditation and stay away from caffeine. Just do what you can to bring down your anxiety level. GL. We are rooting for you.
[ Reply | Options ]02.11.09, 07:08 AM [ Flag | link to this post ]who is "we"?
[ Reply | Options ]02.11.09, 07:12 AM [ Flag | link to this post ]
[+] three minutes to octopussy on channel 4! 81 replies
- What's fascinating is that she doesn't think the constraints of real life and the ability to pay one's way apply to her at all. My dh and I have a high hhi and would never think of having more than 3 dcs (maybe 4 if we didn't live in NYC)....
Talk : : February 10, 2009
three minutes to octopussy on channel 4!
81 replies [ Reply | Watch | Options ]02.10.09, 06:57 PM [ Flag ]what is up with her lip implants? she cant even speak!
[ Reply | Options ]02.10.09, 07:06 PM [ Flag | link to this post ]her lips look like mine after I have an allergic reaction
[ Reply | Options ]02.10.09, 07:09 PM [ Flag | link to this post ]Sexy!
[ Reply | Options ]02.10.09, 07:53 PM [ Flag | link to this post ]
She makes me feel really hostile and angry. Clearly expects to cash in in a huge way since she doesn't have any income (except welfare, I'll bet), yet isn't the least bit worried about supporting 14 dcs.
[ Reply | Options ]02.10.09, 07:11 PM [ Flag | link to this post ]it was confirmed, she is on welfare, yet she doesnt think of it as such. crazy woman
[ Reply | Options ]02.10.09, 07:14 PM [ Flag | link to this post ]480 dollars in food-stamps. 3 children receiving disability money, but the amount wasn't disclose. Can't stand her Joker-mouth.
[ Reply | Options ]02.10.09, 07:16 PM [ Flag | link to this post ]What's wrong with the 3 kids? Would imagine she'll be getting 8 more disability checks for the octuplets. Vile woman.
[ Reply | Options ]02.10.09, 07:18 PM [ Flag | link to this post ]she was very beautiful before her surgery. she's obviously looking for something on this earth to make her happy
[ Reply | Options ]02.10.09, 07:21 PM [ Flag | link to this post ]Wonder where she got the dough to redo her face in a poor imitation of Angelina?
[ Reply | Options ]02.10.09, 07:22 PM [ Flag | link to this post ]she wants more and more kids, just like women who want more and more surgery to feel good. oh wait that is her too!
[ Reply | Options ]02.10.09, 07:23 PM [ Flag | link to this post ]HOW is she affording all these IVF cycles at 10k a pop?!?!
[ Reply | Options ]02.10.09, 07:25 PM [ Flag | link to this post ]disability settlement, 165k
[ Reply | Options ]02.10.09, 07:26 PM [ Flag | link to this post ]But hasn't she been living off that too?
[ Reply | Options ]02.10.09, 07:27 PM [ Flag | link to this post ]she lives with her parents, 3 of 6 kids get welfare, plus food stamps
[ Reply | Options ]02.10.09, 07:28 PM [ Flag | link to this post ]What's wrong with the kids? What a total moron to have kids when she has no income--but to keep having them when she has multiple SN kids?!
[ Reply | Options ]02.10.09, 07:30 PM [ Flag | link to this post ]multiple SN kids? i thought just one was autistic
[ Reply | Options ]02.10.09, 07:31 PM [ Flag | link to this post ]Don't know. But wouldn't that one be enough--even for someone with a source of income (other than the government)?
[ Reply | Options ]02.10.09, 07:34 PM [ Flag | link to this post ]i read three had disabilities, but sources declined to name the disabilities
[ Reply | Options ]02.10.09, 07:36 PM [ Flag | link to this post ]
And didn't give her parents 1 thin dime, though she is living in their house and the mom is helping with the children. Octo-cunt.
[ Reply | Options ]02.10.09, 07:27 PM [ Flag | link to this post ]Octosponger
[ Reply | Options ]02.10.09, 07:29 PM [ Flag | link to this post ]
what does she think of it as?
[ Reply | Options ]02.10.09, 07:19 PM [ Flag | link to this post ]"the help her kids get"
[ Reply | Options ]02.10.09, 07:20 PM [ Flag | link to this post ]np Insane. SO glad not to be paying CA state taxes. Would make my blood boil.
[ Reply | Options ]02.10.09, 07:22 PM [ Flag | link to this post ]but wait... i thought she said she would support her kids mentally, physically, and financially? that she was better than 99% of those "selfish" parents out there?
[ Reply | Options ]02.10.09, 07:29 PM [ Flag | link to this post ]LOL. They thrive on sunshine, oxygen, the odd sip of water (off a leaf) and twigs, you know.
[ Reply | Options ]02.10.09, 07:32 PM [ Flag | link to this post ]
^^^Yes. Looks like she'll be confessing to being on the dole after the break. Biggest scammer of a welfare queen in history, I'd think.
[ Reply | Options ]02.10.09, 07:20 PM [ Flag | link to this post ]She knew her joker-face would have to go back work after that youngest one turned 3 per Welfare's rules. I guess she bought her lazy ass more time by cranking out a litter of 8.
[ Reply | Options ]02.10.09, 07:46 PM [ Flag | link to this post ]You're right.
[ Reply | Options ]02.10.09, 07:47 PM [ Flag | link to this post ]
SHE IS *INSANE*. She should keep her mouth shut if she wants any sympathy at all.
[ Reply | Options ]02.10.09, 07:28 PM [ Flag | link to this post ]she is insane. she doesnt want sympathy, she wants attention. and the more insane, the more the media is eating it up. makes me crazy
[ Reply | Options ]02.10.09, 07:29 PM [ Flag | link to this post ]
I would be VERY surprised if, in 15 years, dd didn't open her college freshman psych textbook to see a giant picture of her. I'm no psych expert so I don't know what section she'll be in, but she'll definitely be there.
[ Reply | Options ]02.10.09, 07:30 PM [ Flag | link to this post ]totally. narcissism, body image, etc
[ Reply | Options ]02.10.09, 07:35 PM [ Flag | link to this post ]I think you're right. Some sort of spawning syndrome.
[ Reply | Options ]02.10.09, 07:35 PM [ Flag | link to this post ]I'm laughing so hard at your post, milk is coming out my nose. I can just see her big ol' joker face on Chapter 13 of the text book.
[ Reply | Options ]02.10.09, 07:36 PM [ Flag | link to this post ]You KNOW she thinks she looks like Angelina, though.
[ Reply | Options ]02.10.09, 07:38 PM [ Flag | link to this post ]I hope she's not waiting on a Brad Pitt. No man in his right mind would ever, ever date this wack-job.
[ Reply | Options ]02.10.09, 07:43 PM [ Flag | link to this post ]
Wonder whose house this is? Guess dateline rented it for taping.
[ Reply | Options ]02.10.09, 07:33 PM [ Flag | link to this post ]I read one of her parent's homes...
[ Reply | Options ]02.10.09, 07:50 PM [ Flag | link to this post ]
46 people to deliver. NICU for, what, 8 weeks. How many millions do you think that cost?
[ Reply | Options ]02.10.09, 07:37 PM [ Flag | link to this post ]My hospital, NY-Pres estimates about 35 grand for a regular, non-complicated, vaginal delivery. Of course if you have insurance they will probably pick up the majority of the tab with you paying a few hundred out of pocket.
[ Reply | Options ]02.10.09, 07:42 PM [ Flag | link to this post ]
What's fascinating is that she doesn't think the constraints of real life and the ability to pay one's way apply to her at all. My dh and I have a high hhi and would never think of having more than 3 dcs (maybe 4 if we didn't live in NYC).
[ Reply | Options ]02.10.09, 07:40 PM [ Flag | link to this post ]Courageous? LMAO
[ Reply | Options ]02.10.09, 07:43 PM [ Flag | link to this post ]Go Ann!!
[ Reply | Options ]02.10.09, 07:47 PM [ Flag | link to this post ]I'm not watching. What did she say?
[ Reply | Options ]02.10.09, 07:49 PM [ Flag | link to this post ]She was going after her about her inability to afford the dcs.
[ Reply | Options ]02.10.09, 07:53 PM [ Flag | link to this post ]Get her, Ann! Get her!
[ Reply | Options ]02.10.09, 08:02 PM [ Flag | link to this post ]
nutbar x 10000000
[ Reply | Options ]02.10.09, 07:49 PM [ Flag | link to this post ]Where are all the wack-job ring-wing evangelics? They should be defending her right to life decision times 8. Oh, wait those same people are anti-welfare and foodstamps.
[ Reply | Options ]02.10.09, 07:49 PM [ Flag | link to this post ]do evangelics support (non-natural) fertility treatments?
[ Reply | Options ]02.10.09, 07:52 PM [ Flag | link to this post ]LOL. They wouldn't buy into this AT ALL.
[ Reply | Options ]02.10.09, 07:54 PM [ Flag | link to this post ]
She claims she did not have plastic surgery, or her lips done. She claims she has not seen an Angelina Jolie movie in years and has no idea what people are talking about (resemblance). She thinks she will be able to support, hold and love all those kids after she finishes grad school. My mouth is open... She is so deluded.
[ Reply | Options ]02.10.09, 07:52 PM [ Flag | link to this post ]Right? And Michael Jackson only had 3 nose jobs and never touched any kids who slept in his bed.
[ Reply | Options ]02.10.09, 07:54 PM [ Flag | link to this post ]but see, this is where i stop understanding. mj was rich, and paid the ppl around him to keep him deluded and yessed. why hasn't someone slapped this crazy b*tch upside her head?
[ Reply | Options ]02.10.09, 08:32 PM [ Flag | link to this post ]
lol! they actually asked her about being "made" into angelina?
[ Reply | Options ]02.10.09, 07:56 PM [ Flag | link to this post ]angelina is sitting at home watching and laughing her ass off too
[ Reply | Options ]02.10.09, 08:36 PM [ Flag | link to this post ]
ITA. Totally insane. Frightening, really.
[ Reply | Options ]02.10.09, 07:56 PM [ Flag | link to this post ]
Damn those 6 kids are cute. One called it and said 8 more kids will be a mess and mom will be "stressed".
[ Reply | Options ]02.10.09, 07:55 PM [ Flag | link to this post ]She looks delighted when she says her kid is autistic. I think she's bipolar and currently manic.
[ Reply | Options ]02.10.09, 07:55 PM [ Flag | link to this post ]i was thinking the same thing!
[ Reply | Options ]02.10.09, 07:59 PM [ Flag | link to this post ]It was creepy.
[ Reply | Options ]02.10.09, 08:04 PM [ Flag | link to this post ]
They all have the middle name Angel. I swear this bothers me so much...
[ Reply | Options ]02.10.09, 07:59 PM [ Flag | link to this post ]what bothers me more is the fact that she seems unstable, is on welfare - and then a doctor goes and implants numerous eggs.
[ Reply | Options ]02.10.09, 08:03 PM [ Flag | link to this post ]One thing's for sure: That guy should lose his license and the STATE should sue him for malpractice to recoup some of the millions of bucks that brood is going to cost it.
[ Reply | Options ]02.10.09, 08:05 PM [ Flag | link to this post ]Who is this quack and why is the AMA protecting him or her. Implanting 6 embryos? And he or she did this on all the previous IVF babies. Insanity. I had to fight NYU for 3 as anyone under the age of 38 they only implant 2.
[ Reply | Options ]02.10.09, 08:07 PM [ Flag | link to this post ]i was wondering about that - what is the normal amount to have implanted. there were six eggs - they could have done two implantations 3 each. doesn't a doctor have a duty to do no harm - when you are implanting that many - and then the woman doesn't want to reduce (which i do understand is a personal decision), - but the fact that if you implant that many - the likelihood of having a child with disabilities - learning and physical is so high - doesn't the doctor have an obligation to do no harm?
[ Reply | Options ]02.10.09, 08:22 PM [ Flag | link to this post ]
Nadya Suleman should be on the next presidential ticket with Sarah Palin. Vote for Bible Spice and Octopussy! They can finance their campaign with money made from a TLC reality show and the sale of Oxycotin.
[ Reply | Options ]02.10.09, 07:58 PM [ Flag | link to this post ]i'm laughing too hard, plz stop!
[ Reply | Options ]02.10.09, 08:28 PM [ Flag | link to this post ]
Ann is doing a great job... I wondered how the house looked so neat for the interview... The snapshots of how the house actually looks is a WRECK! How the HELL can she even hold or talk to all those kids?!?! Change diapers?!?!? Feed, bath them? Homework? Laundry? And she plans on working?!?!?
[ Reply | Options ]02.10.09, 07:58 PM [ Flag | link to this post ]By hiring any army of babysitters and home health aides all paid for by the state of California.
[ Reply | Options ]02.10.09, 08:00 PM [ Flag | link to this post ]That white space where they had the interview didn't look anything like that little bungalow.
[ Reply | Options ]02.10.09, 08:01 PM [ Flag | link to this post ]Yes. She believes that she will earn enough after graduating with a counselling degree from a no name college to support 15 people. Doesn't this ALONE prove she's insane?!
[ Reply | Options ]02.10.09, 08:03 PM [ Flag | link to this post ]Talk about the inmates taking over the asylum. Who in the heck would send their child, husband, wife, meth-head brother to her for counseling? The crazy counseling the crazy.
[ Reply | Options ]02.10.09, 08:34 PM [ Flag | link to this post ]Even worse: The meth-head would be the SANE one!
[ Reply | Options ]02.10.09, 08:41 PM [ Flag | link to this post ]
It's too bad they got rid of all the mental sanitoriums in this country. I'd like to have her locked away (or at least in a straitjacket)
[ Reply | Options ]02.10.09, 08:34 PM [ Flag | link to this post ]
Wow. I am impressed! Not a single person who responded to post is in disagreement. I, for one, do think it was a crazy situation that she got herself into and she is eccentric/extreme to a degree but she does not seem "insane" nor is she a "cunt" or an Angelina Jolie wanna-be. She does not make me angry or arouse any sort of hostile sentiments. You are all mean bitches who want to gossip about the next woman who is different. You are so high school.
[ Reply | Options ]02.10.09, 08:42 PM [ Flag | link to this post ]Hi Nadya!
[ Reply | Options ]02.10.09, 08:45 PM [ Flag | link to this post ]I'm fine with different. I'm not fine with an unemployed woman repeatedly (and purposely) having children she'll never be able to support without resorting to public funds.
[ Reply | Options ]02.10.09, 08:46 PM [ Flag | link to this post ]You're kidding, right?
[ Reply | Options ]02.10.09, 08:48 PM [ Flag | link to this post ]"eccentric" is my uncle henry who spits watermelon seeds at you when you ring the doorbell. "eccentric" is my cousin leslie who needs to wear a piece of red clothing every day. nadya suleman is light years beyond "eccentric" at this point.
[ Reply | Options ]02.10.09, 09:09 PM [ Flag | link to this post ]
She disgusts me but I have to say I feel even more anger toward the doctor who implanted the embryos. I think fertility specialists like to claim that they are objectively treating the disease of fertility (supports their argument to get insurance and state funding for their work) but they're clearly able to see the results of their actions. This insane woman created life she can't support, but the dr. was presumably sane and equally complicite. I think the dr. should pay instead of me as a CA tax-payer.
[ Reply | Options ]02.10.09, 09:04 PM [ Flag | link to this post ]ITA. Total quack who should lose his license.
[ Reply | Options ]02.10.09, 09:21 PM [ Flag | link to this post ]
[+] What was your hhi in '08? What will it be in '09? Will you be able to stay in the c... 26 replies
- $140K HHI/$120K HHI/Yes....
- calling myself rich based on my entire financial picture, which you don't know and which you assumed was based only on my HHI response. One must never assume, m'dear, since it makes an ASS out of U and ME....
Talk : : February 10, 2009
What was your hhi in '08? What will it be in '09? Will you be able to stay in the city?
26 replies [ Reply | Watch | Options ]02.10.09, 02:53 PM [ Flag ]enough, significantly less, hopefully
[ Reply | Options ]02.10.09, 03:01 PM [ Flag | link to this post ]1mm, 700k (300 deferred and paid in increments in 10/11/12), yes
[ Reply | Options ]02.10.09, 03:03 PM [ Flag | link to this post ]Merrill Lynch?
[ Reply | Options ]02.10.09, 03:19 PM [ Flag | link to this post ]No. No bailout money involved.
[ Reply | Options ]02.10.09, 03:41 PM [ Flag | link to this post ]
$450k, $200k, we have to. we just bought an apt. and would have to sell at a loss.
[ Reply | Options ]02.10.09, 03:03 PM [ Flag | link to this post ]Sorry. Can you handle the mtg and maintenance OK?
[ Reply | Options ]02.10.09, 03:05 PM [ Flag | link to this post ]ty. things are tight. we are dipping into our (minimal) savings. but we're trying to stay positive.
[ Reply | Options ]02.10.09, 03:17 PM [ Flag | link to this post ]
$1.7 million in '08. Probably $2.3 million in '09. Maybe more. Gosh golly, I'm hoping I can stay in the city.
[ Reply | Options ]02.10.09, 03:08 PM [ Flag | link to this post ]FAKE!!!!
[ Reply | Options ]02.10.09, 03:08 PM [ Flag | link to this post ]ya think?
[ Reply | Options ]02.10.09, 03:09 PM [ Flag | link to this post ]Eat me. I'm telling the truth. And no, I don't work in finance.
[ Reply | Options ]02.10.09, 03:12 PM [ Flag | link to this post ]Gosh golly, you're a hag!
[ Reply | Options ]02.10.09, 03:14 PM [ Flag | link to this post ]Gosh golly at least I'm a rich hag!
[ Reply | Options ]02.10.09, 03:16 PM [ Flag | link to this post ]No, you're an ill informed harpy. Wealth is measured by what you have kept, not what you make. It's all about net worth.
[ Reply | Options ]02.10.09, 03:18 PM [ Flag | link to this post ]lol
[ Reply | Options ]02.10.09, 03:20 PM [ Flag | link to this post ]Correct me if I'm wrong, but this thread was about HOUSEHOLD INCOME, not net worth. If you want to talk net worth, we can talk net worth. Interested?
[ Reply | Options ]02.10.09, 03:21 PM [ Flag | link to this post ]Yes it was but your reading comprehension is challenged. You called yourself rich based on your HHI. Take your anger and your bragging elsewhere. Many of us on this board are extremely well off. you should try to distinguish yourself by grace and good manners.
[ Reply | Options ]02.10.09, 03:29 PM [ Flag | link to this post ]Actually, I was calling myself rich based on my entire financial picture, which you don't know and which you assumed was based only on my HHI response. One must never assume, m'dear, since it makes an ASS out of U and ME.
[ Reply | Options ]02.10.09, 03:33 PM [ Flag | link to this post ]np. Distinguish oneself with "grace and good manners"?? Like you did when you referred to 1.7 million mom (or dad) as an "ill-informed harpy" and a "hag"?
[ Reply | Options ]02.10.09, 03:38 PM [ Flag | link to this post ]
Oh, honey, not impressed. That doesn't pass for rich with me.
[ Reply | Options ]02.10.09, 03:45 PM [ Flag | link to this post ]Thank God "rich" doesn't hinge on YOUR definition!
[ Reply | Options ]02.10.09, 04:38 PM [ Flag | link to this post ]
I don't get why people are mad at this poster. She may be a fake or maybe she's in an industry which is making good money. There are some still out there. My friend is still making excellent money in the entertainment business as a television producer and got a raise recently. Go figure.
[ Reply | Options ]02.10.09, 04:44 PM [ Flag | link to this post ]
$140K HHI/$120K HHI/Yes.
[ Reply | Options ]02.10.09, 03:10 PM [ Flag | link to this post ]100K/~85K. Will be able to stay in the city.
[ Reply | Options ]02.10.09, 03:31 PM [ Flag | link to this post ]i don't want to sound like a jerk, but HOW do you stay in the city on $85k a year? i can't imagine...
[ Reply | Options ]02.10.09, 05:06 PM [ Flag | link to this post ]
300k, 400 plus my wage (am returning to work in September) . Yes
[ Reply | Options ]02.10.09, 03:55 PM [ Flag | link to this post ]
[+] How did you decide whether to have a second child? So confused. Can't decide and ru... 10 replies
Talk : : February 10, 2009
How did you decide whether to have a second child? So confused. Can't decide and running out of time. I'm almost 40, dh is 53 and our dd is 14mo (and she is awesome, but definitely not an easy-going child.) I am sahm right now & our hhi is around 220K. Any advice please??!!
10 replies [ Reply | Watch | Options ]02.10.09, 06:54 AM [ Flag ]do you want a 2d? put aside the sibling issue and the money and all that, in your heart, will you be happy with one, or do you really want another?
[ Reply | Options ]02.10.09, 06:58 AM [ Flag | link to this post ]OP: I think my main reason for having #2 is for #1 to have a sibling. I can't imagine not having my sisters. But I am scared of what #2 might do to my marriage. Especially if #2 is as difficult as #1. Also, I am a twin and my twin had twins (no ivf)...I'm terrified that #2 could end up being 2 &3!!!
[ Reply | Options ]02.10.09, 07:25 AM [ Flag | link to this post ]i would not have a 2d just for the sibling factor. I am a happy only child. there is no guarantee of a good sibling relationship.
[ Reply | Options ]02.10.09, 08:13 AM [ Flag | link to this post ]
All I can say is that I had a dear friend in the same position and she went for it and never said, I wish I never had number 2! Sounds like income should not be an issue at 220K, although many on this board would disagree.
[ Reply | Options ]02.10.09, 07:01 AM [ Flag | link to this post ]ITA with both posters above. And I agree you can def have 2 on 220K. I have 2 and that's my HHI.
[ Reply | Options ]02.10.09, 07:03 AM [ Flag | link to this post ]I have half that HHI. I'd walk through fire for #2. (Well, I'd run.)
[ Reply | Options ]02.10.09, 08:16 AM [ Flag | link to this post ]
We were younger than you and your DH when we were wondering this (35 and 36), but we had a second. Now we're in the same debate (or, I am) about having #3. For us, the idea of going back to sleepless nights and nursing every 2-3 hours was a short term sacrifice for the longer term gain of not having another. I suspect you'll never regret having another; you may regret not having another. Also, it's a pretty extraordinary gift to give your child a sibling. There are times I worry that I have more "healthy" years behnd me than possibly ahead of me, and that I won't likely meet or see my grandchildren grow up and this is sad. I've also just lost my father, and it sucks, and I worry that having a child at 40 increases the chances that they too will be young-ish (relatively speaking) when they may lose a parent. But the parental pull/urge is pretty strong. I'm lucky to have an incredibly hands on DH. That's a "pro". And I am continually amazed at my two DC and how extraordinary children are. I love that they have each other. I love the idea of giving them another sibling.
[ Reply | Options ]02.10.09, 07:02 AM [ Flag | link to this post ]I think my main reason for having #2 is for #1 to have a sibling. I can't imagine not having my sisters. But I am scared of what #2 might do to my marriage. Especially if #2 is as difficult as #1. Also, I am a twin and my twin had twins (no ivf)...I'm terrified that #2 could end up being 2 &3!!!
[ Reply | Options ]02.10.09, 07:24 AM [ Flag | link to this post ]OR: #2 turning into #2 AND #3 wouldn't be the end of the world, would it?
[ Reply | Options ]02.10.09, 08:18 AM [ Flag | link to this post ]
IMO a 53 yo has no business fathering a child.
[ Reply | Options ]02.10.09, 08:25 AM [ Flag | link to this post ]
[+] who out there has a dh that is "hands on with a ok income" vs dh who has very high in... 25 replies
- 50 with the whole night time routine and 100% there on the weekends. Does the grocery shopping, used to change diapers, puts the younger one down for his nap, takes the kids to the part/soccer practice/b-day parties. Would it be nice to have a high HHI? sure. But this is great too....
Talk : : February 10, 2009
who out there has a dh that is "hands on with a ok income" vs dh who has very high income who fully supports financially but does nothing around the house?
25 replies [ Reply | Watch | Options ]02.10.09, 06:30 AM [ Flag ]how about ok income and still does nothing
[ Reply | Options ]02.10.09, 06:32 AM [ Flag | link to this post ]how about high income and helps out as much as he can?
[ Reply | Options ]02.10.09, 06:34 AM [ Flag | link to this post ]dh with decent income, has very flexible work schedule, and very hands on
[ Reply | Options ]02.10.09, 06:34 AM [ Flag | link to this post ]Ditto. One of the best traits of my DH. Very hands on with kids and around house. Love that about him!
[ Reply | Options ]02.10.09, 07:14 AM [ Flag | link to this post ]
I have the former (but I still think his income is high)
[ Reply | Options ]02.10.09, 06:34 AM [ Flag | link to this post ]I'm very lucky to have dh with very high income who also is hands on. But I know it's very unusual. It's annoying because I still get on dh's case for not helping enough, but compared to lots of other dh's I see (even ones who don't work long hours), he's amazing. So I feel somewhat guilty asking him to help even more, since of course, there's never enough time.
[ Reply | Options ]02.10.09, 06:36 AM [ Flag | link to this post ]How do you define hands on in his case? Doesn't he work long hours?
[ Reply | Options ]02.10.09, 06:37 AM [ Flag | link to this post ]np: maybe he can work from home a lot -- my husbadn does. which makes a big difference.
[ Reply | Options ]02.10.09, 06:43 AM [ Flag | link to this post ]OP: It seems to me that most of the time Dh are either one or the other whether or not they work long hours or not. What about the weekends?
[ Reply | Options ]02.10.09, 06:45 AM [ Flag | link to this post ]OR: To clarify, dh helps get dc#1 ready for school and takes to school in am (and sometimes watches dc#2 if she's awake). DH gets home 7 or 7:30 and does 50% (sometimes more) of getting dcs to bed. On weekends, dh does 50-60% of work. DH in office 9 - 7 or so, and can do work at home in evenings.
[ Reply | Options ]02.10.09, 07:03 AM [ Flag | link to this post ]
what do you consider high income? 500K+?
[ Reply | Options ]02.10.09, 06:37 AM [ Flag | link to this post ]OP: yes 500+ I consider high income
[ Reply | Options ]02.10.09, 06:42 AM [ Flag | link to this post ]
i have the former. i'm pretty happy with things but dh hates his job and would love a more high powered job with an income to match.
[ Reply | Options ]02.10.09, 06:39 AM [ Flag | link to this post ]I do. DH makes $160k. He leave early in the morning, but is home for dinner every night, completely 50/50 with the whole night time routine and 100% there on the weekends. Does the grocery shopping, used to change diapers, puts the younger one down for his nap, takes the kids to the part/soccer practice/b-day parties. Would it be nice to have a high HHI? sure. But this is great too.
[ Reply | Options ]02.10.09, 06:47 AM [ Flag | link to this post ]OP here: I am in the same boat but still feel that I do so much more. I guess i need move on and be greatful.
[ Reply | Options ]02.10.09, 06:53 AM [ Flag | link to this post ]
Dh is a teacher -- wonderful guy, helps a ton, does not make a ton of $$ but great schedule and flexibility for being at home, too. We are blessed. Oh he likes his job too!
[ Reply | Options ]02.10.09, 06:54 AM [ Flag | link to this post ]I don't think it's an either/or proposition. In a marriage, you get what you negotiate.
[ Reply | Options ]02.10.09, 06:54 AM [ Flag | link to this post ]and some people will do all the parentign they can, some will always just lie aroudn the house, regardless of what their job or time commitments are.
[ Reply | Options ]02.10.09, 06:56 AM [ Flag | link to this post ]ITA I just wish sometimes he would just simply ask "what else needs to be done so we can both have some time to ourselves"
[ Reply | Options ]02.10.09, 06:57 AM [ Flag | link to this post ]i disagree. what negotiations? some people are more considerate. some people value the importance of what they can put into their household. some people feel they are doing enough by earning a living. you get the guy you married and you can't always negotiate other factors.
[ Reply | Options ]02.10.09, 07:16 AM [ Flag | link to this post ]
dh has low income but is much more than just "hands on"--he is a full partner in everything, and often much more involved than I am. I feel really lucky.
[ Reply | Options ]02.10.09, 07:09 AM [ Flag | link to this post ]I do. DH has been great with dd especially lately as I have become more and more burned out. I don't always love his methods (of course I can do it better..yikes) but I am learning to let him do things his way. It's hard to let go and see dd love him so much and go to him over me sometimes, but i am also very grateful that he is willing to step up and be an equal partner in our parenting. BTW, our incomes are almost equal, mine was always higher in the past but he's been catching up.
[ Reply | Options ]02.10.09, 07:25 AM [ Flag | link to this post ]I do. He's great. I take care of most of the household management, but he's actually more hands-on with the dc that I am when he's home. He does school drop-off in the morning, and completely takes over childcare when he comes home, while I do dinner, pay bills, etc. Almost always home by 6 pm. Great on the wkends, too.
[ Reply | Options ]02.10.09, 10:30 AM [ Flag | link to this post ]DH with high income and does the majority of bill paying, we were married when we were both poor and have a 50/50 relationship, he helps with everything.
[ Reply | Options ]02.10.09, 10:56 AM [ Flag | link to this post ]I have a DH who is very hands on with an ok income
[ Reply | Options ]02.10.09, 10:57 AM [ Flag | link to this post ]
[+] When would you begin to consider different colleges for your child? HHI 120K. 10 more... 3 replies
Talk : : February 10, 2009
When would you begin to consider different colleges for your child? HHI 120K. 10 more years to work before retirement. How would you approach finding and financing college. Savings 85k. Annuities.. 300K. DD is 12yo at present. Attending good public
3 replies [ Reply | Watch | Options ]02.10.09, 05:54 AM [ Flag ]save what you could but retirement savings comes first....your dd could take out loans
[ Reply | Options ]02.10.09, 05:56 AM [ Flag | link to this post ]Depends on what you want. State schools offer lower tuition AND great fa packages. Remember, when schools look at your income, they will evaluate your savings as a part of the fa package (how much can they pay). As you get closer, you might want to "hide" the money in a way that won't show up as "cash" easily used for college tuition. Your child should also consider his/her spending/savings habits and be a part of this larger conversation...Help him see that grades and hard work = solid college future.
[ Reply | Options ]02.10.09, 06:00 AM [ Flag | link to this post ]np: ITA w/above posters. In addition to loans, there are random scholarships available for regular kids plus those who excel in obscure subjects and sports (squash, fencing, etc). I was able to cobble together a few scholarships for French when I was applying. So, let your dd pursue interests outside of school.
[ Reply | Options ]02.10.09, 06:16 AM [ Flag | link to this post ]
[+] that octuplet mom looked and sounded exactly like I imagined. 33 replies
- LOL! I know. I haven't had a manicure in six months and I'm sure my hhi is 10 times her parents' (and I only have two kids)....
Talk : : February 09, 2009
that octuplet mom looked and sounded exactly like I imagined.
33 replies [ Reply | Watch | Options ]02.09.09, 06:07 PM [ Flag ]I was not prepared for the weird lips.
[ Reply | Options ]02.09.09, 06:15 PM [ Flag | link to this post ]kinda looks like Angelina Jolie's ugly half-sister...lol!
[ Reply | Options ]02.09.09, 06:16 PM [ Flag | link to this post ]totally! like that's what she wanted to look like but she went to a bad surgeon
[ Reply | Options ]02.09.09, 06:25 PM [ Flag | link to this post ]
how about the Michael Jackson nose?
[ Reply | Options ]02.09.09, 06:21 PM [ Flag | link to this post ]don't forget cheek implants.
[ Reply | Options ]02.09.09, 06:21 PM [ Flag | link to this post ]gross
[ Reply | Options ]02.09.09, 06:24 PM [ Flag | link to this post ]she's a train wreck....just read that her house has food
[ Reply | Options ]02.09.09, 06:24 PM [ Flag | link to this post ]^^^^ smeared allover her house! (not that I don't have
[ Reply | Options ]02.09.09, 06:25 PM [ Flag | link to this post ]What? My house has food too. I don't understand.
[ Reply | Options ]02.09.09, 06:25 PM [ Flag | link to this post ]linky please
[ Reply | Options ]02.09.09, 06:26 PM [ Flag | link to this post ]Google octuplets and photo and house. Her mom let a photog in. Total pit--crap strewn everywhere. I mean, my place is a mess sometimes, but this is unreal (especially given there will be 17 people living there).
[ Reply | Options ]02.09.09, 06:28 PM [ Flag | link to this post ]
Octopussy is just gross. I can't stand that Joker-smile when people get that stuff put in their lips.
[ Reply | Options ]02.09.09, 06:25 PM [ Flag | link to this post ]Do we think there's any chance those poor children will be taken away? Did you see the interview with the grandmother this morning? There is no room, no money--no way they can care for those kids.
[ Reply | Options ]02.09.09, 06:27 PM [ Flag | link to this post ]Fingers crossed.
[ Reply | Options ]02.09.09, 06:29 PM [ Flag | link to this post ]not now. that's why she had 8 more. they are set for life with all the books, movies, appearances, donations, volunteers
[ Reply | Options ]02.09.09, 06:30 PM [ Flag | link to this post ]ARRRRGH--but I was hoping that wouldn't happen! It's unconscionable to pay this woman.
[ Reply | Options ]02.09.09, 06:32 PM [ Flag | link to this post ]You'd rather her get God knows how much Medicaid (can you even imagine the millions that delivery and the NICU cost/is costing?!?) and cash and housing from the government?!
[ Reply | Options ]02.09.09, 06:36 PM [ Flag | link to this post ]No. I'd rather her children be taken away and adopted by people who can care for them properly.
[ Reply | Options ]02.09.09, 06:39 PM [ Flag | link to this post ]Eh. Well that will never happen (unfortunately), so I'm hoping she makes some money off this.
[ Reply | Options ]02.09.09, 06:40 PM [ Flag | link to this post ]Why not? If there is no money and they live in utter squalor and the mom is crazy, why wouldn't the state be able to step in?
[ Reply | Options ]02.09.09, 06:41 PM [ Flag | link to this post ]np: If the state was forced to step in, they would most likely have to pay off all her loans and medical expenses too.
[ Reply | Options ]02.09.09, 07:34 PM [ Flag | link to this post ]being poor isn't enough for the state to take your kids. thank goodness.
[ Reply | Options ]02.10.09, 11:53 AM [ Flag | link to this post ]
The interview with Ann Curry was amazing. The mom is NUTS. When Ann asked her how she'd feed them, she basically said she had no idea, but that God would help. I hope someone buys whatever book she writes or TLC gives her some dumb reality show, because *I* sure don't want my tax dollars going to that trainwreck.
[ Reply | Options ]02.09.09, 06:32 PM [ Flag | link to this post ]duh, that was the whole idea. move over kate and what's his face.
[ Reply | Options ]02.09.09, 07:30 PM [ Flag | link to this post ]Honestly, don't know if this shit's going to play well in this economy. Might have sort of a rubberneck draw, but on the other hand it's got to piss off a pretty large segment of the population.
[ Reply | Options ]02.10.09, 02:32 PM [ Flag | link to this post ]
Just as I suspected: she DIDN'T have a dysfunctional childhood, she grew up in a stable home with two middle-class parents who are still married. Granted, that doesn't mean her childhood was perfect, but it sure as hell was more idyllic than most people's.
[ Reply | Options ]02.09.09, 07:41 PM [ Flag | link to this post ]she's one of those pussies that likes to blame all their mistakes on their parents, their friends, their husbands, etc. etc. TAKE SOME RESPONSIBILITY DAMMIT
[ Reply | Options ]02.09.09, 07:44 PM [ Flag | link to this post ]
I would like to know how she had perfectly sculpted french tip nails with 6 kids at home and just gave birth to 8? I mean really? Seriously? How did she get her nails done logistically go to a nail salon?
[ Reply | Options ]02.10.09, 11:51 AM [ Flag | link to this post ]she has afriend who is a manicurist?
[ Reply | Options ]02.10.09, 11:52 AM [ Flag | link to this post ]I noticed that also, way to go on priorities!
[ Reply | Options ]02.10.09, 02:27 PM [ Flag | link to this post ]LOL! I know. I haven't had a manicure in six months and I'm sure my hhi is 10 times her parents' (and I only have two kids).
[ Reply | Options ]02.10.09, 02:30 PM [ Flag | link to this post ]
And she's on food stamps. Wonderful.
[ Reply | Options ]02.10.09, 12:15 PM [ Flag | link to this post ]Wow. And can you imagine the cost of whatever formula WIC will give her? Bet it will cost 6 k a month to feed those babies. That quack of a doctor she be the one coughing up.
[ Reply | Options ]02.10.09, 02:29 PM [ Flag | link to this post ]
[+] Before I get flamed: Have one dc in private and we pay full tuition. HHI income of ab... 6 replies
Talk : : February 09, 2009
Before I get flamed: Have one dc in private and we pay full tuition. HHI income of about $175k. Able to afford mostly because housing costs very low. Own apartment outright. Am I correct in assuming that someone in our case would not qualify for FA because our costs are low and we have a big asset (our apt)?
6 replies [ Reply | Watch | Options ]02.09.09, 07:36 AM [ Flag ]i'd think you would not qualify. financial aid is not meant to make it easier for people. it's meant to provide assistance to the people who can not afford tuition.
[ Reply | Options ]02.09.09, 07:37 AM [ Flag | link to this post ]if you're paying for it now, why would you need FA?
[ Reply | Options ]02.09.09, 07:38 AM [ Flag | link to this post ]We don't. We didn't apply for FA. Don't intend to in the future. Just curious how it works.
[ Reply | Options ]02.09.09, 07:40 AM [ Flag | link to this post ]
for this one child or for a 2nd child? you might qualify for 2nd child.
[ Reply | Options ]02.09.09, 07:39 AM [ Flag | link to this post ]I think this can really depend on the school. There can be a wide range in the financial aid offered.
[ Reply | Options ]02.09.09, 09:57 AM [ Flag | link to this post ]If you are able to pay full tuition, you are not eligible for financial aid. It's really pretty simple!!
[ Reply | Options ]02.09.09, 10:26 AM [ Flag | link to this post ]
[+] We have combined HHI of 500K. Dh works in Tribeca. Should we move to Brooklyn? Wha... 11 replies
Talk : : August 15, 2008
We have combined HHI of 500K. Dh works in Tribeca. Should we move to Brooklyn? What part? He wants an easy commute and I want a nice environment for kids to grow up (not sure if we are doing public or private yet - db is still a baby and we plan on at least one more). What parts would you recommend? Park Slope is too far.
11 replies [ Reply | Watch | Options ]08.15.08, 08:53 AM [ Flag ]Can i ask what you and DH do for work?
[ Reply | Options ]08.15.08, 08:54 AM [ Flag | link to this post ]i'm a freelance writer. dh works in research at a bank. he brings in the bulk of it obviously. i'm home with the baby.
[ Reply | Options ]08.15.08, 08:56 AM [ Flag | link to this post ]dh works in a bank. i'm a freelance writer. he brings in most of it obviously. i'm home with the baby now.
[ Reply | Options ]08.15.08, 08:57 AM [ Flag | link to this post ]^^ (having trouble posting)
[ Reply | Options ]08.15.08, 08:57 AM [ Flag | link to this post ]
If Park Slope is too far, and DH works in Tribeca, I think that pretty much limits you to Brooklyn Heights. Your options expand dramatically if you're willing to commute a bit. Prospect Park South and Ditmas Park are beautiful, and you can have a 6 br house with a yard and a garage for the same amount you'd pay for a 2br in Park Slope.
[ Reply | Options ]08.15.08, 09:38 AM [ Flag | link to this post ]If you wanted to do the suburban thing, you could also do NJ. Many parts of it have great downtown commutes b/c you switch to the path. Hoboken could also work. In Brooklyn, I like Brooklyn Heights and Cobble Hill. In the city, I like... Tribeca and the West Village, both with good public schools.
[ Reply | Options ]08.15.08, 10:07 AM [ Flag | link to this post ]why not tribeca or the west village? would be great for dh commute. great schools, etc
[ Reply | Options ]08.15.08, 01:12 PM [ Flag | link to this post ]I hope you are watching this. You might really like Carroll Gardens. Lotsa writers, and some great houses. It's expensive, though, like all the "discovered" neighborhoods in Brooklyn. Near Carroll Gardens is Cobble Hill (a little more upscale and conservative than CG), and Boerum Hill (which has two public schools, one of which is not very good). I love Park Slope too It is very crunchy, which is great if that is your style.
[ Reply | Options ]08.15.08, 01:20 PM [ Flag | link to this post ]Good advice. I am not OP, but I also live/work in Tribeca and my dh & I are looking to move to Brooklyn with our new baby when our lease is up. DH used to live in Carroll Gardens and that is where we are looking.
[ Reply | Options ]08.15.08, 01:26 PM [ Flag | link to this post ]I live in Boerum Hill, and my favorite local nabe is Carroll Gardens. PS 58 is great. Watch the school district lines, though. You want to avoid PS 32 (east side of Smith) and PS 38 in Boerum Hill. Check insideschools.org for boundaries. Do NOT count on RE agents to tell you straight.
[ Reply | Options ]08.15.08, 01:37 PM [ Flag | link to this post ]^^^ Only if you are thinking of public schools, of course. :) There are great local private schools.
[ Reply | Options ]08.15.08, 01:39 PM [ Flag | link to this post ]
[+] The $900k. post was brilliant and quite entertaining. 5 replies
- Just read it. Yes, always love the poor little rich girl posts, fake or real! (75K hhi here)...
Talk : : August 15, 2008
The $900k. post was brilliant and quite entertaining.
5 replies [ Reply | Watch | Options ]08.15.08, 08:50 AM [ Flag ]LOL! ITA
[ Reply | Options ]08.15.08, 08:53 AM [ Flag | link to this post ]I genuinely believe she expected sympathy and support
[ Reply | Options ]08.15.08, 08:53 AM [ Flag | link to this post ]I think it was a fake post
[ Reply | Options ]08.15.08, 08:59 AM [ Flag | link to this post ]i think she suddenly realized she really knows nothing about her family's finances and flipped out.
[ Reply | Options ]08.15.08, 09:30 AM [ Flag | link to this post ]
Just read it. Yes, always love the poor little rich girl posts, fake or real! (75K hhi here)
[ Reply | Options ]08.15.08, 09:14 AM [ Flag | link to this post ]
[+] HHI $180K, own a house in Park Slope, 2 dcs in public school. We're getting by fine. 1 reply
Talk : : August 14, 2008
[+] our hhi is $300K, 2 kids in private school, 1 with a nanny. rent a 3 br. 2 nice vac... 8 replies
Talk : : August 14, 2008
our hhi is $300K, 2 kids in private school, 1 with a nanny. rent a 3 br. 2 nice vacations a year. 2 european cars.
8 replies [ Reply | Watch | Options ]08.14.08, 08:19 AM [ Flag ]in Manhattan? Why 2 cars?
[ Reply | Options ]08.14.08, 08:21 AM [ Flag | link to this post ]and european cars to boot! BMW convertible is just so practical
[ Reply | Options ]08.14.08, 08:46 AM [ Flag | link to this post ]
Is there a question here or are you just providing information??
[ Reply | Options ]08.14.08, 08:21 AM [ Flag | link to this post ]Um, congratulations?
[ Reply | Options ]08.14.08, 08:42 AM [ Flag | link to this post ]oooh. european cars! I salute you!
[ Reply | Options ]08.14.08, 08:45 AM [ Flag | link to this post ]How much do you save?
[ Reply | Options ]08.14.08, 08:45 AM [ Flag | link to this post ]me too, big deal
[ Reply | Options ]08.14.08, 08:46 AM [ Flag | link to this post ]How much is your monthly rent?
[ Reply | Options ]08.14.08, 08:51 AM [ Flag | link to this post ]
[+] What would you consider wealthy, middle class and poor by manhattan's standards? 22 replies
- Our HHI is 115. There is a huge difference btwn what we can afford and what ppl...
- We have a HHI in NYC of about $650K and I can promise you we don't feel...understand, but I think it is an overly simplistic way of characterizing it. A HHI of $100K in a rent-controlled apt is different that same income in family who has...
Talk : : August 14, 2008
What would you consider wealthy, middle class and poor by manhattan's standards?
22 replies [ Reply | Watch | Options ]08.14.08, 08:09 AM [ Flag ]wealthy $500K +, upper middle class $250K - $500K, middle class $100-$250K, poor below $100K
[ Reply | Options ]08.14.08, 08:12 AM [ Flag | link to this post ]np: wealthy is about more than your income, its what you have saved/invested.
[ Reply | Options ]08.14.08, 08:15 AM [ Flag | link to this post ]NNP: ITA, particularly about how lucky you were with real estate. I find that really divides the haves and have-nots, both in renting and owning.
[ Reply | Options ]08.14.08, 08:24 AM [ Flag | link to this post ]yes, but that's more complex to define here. I was merely addressing the income piece of the equation.
[ Reply | Options ]08.14.08, 08:35 AM [ Flag | link to this post ]I understand, but I think it is an overly simplistic way of characterizing it. A HHI of $100K in a rent-controlled apt is different that same income in family who has to pay $4000 for similar apt. Huge difference in disposable income.
[ Reply | Options ]08.14.08, 08:38 AM [ Flag | link to this post ]well it's a message board, and there's only so much time and space to devote to in-depth analysis here.
[ Reply | Options ]08.14.08, 08:39 AM [ Flag | link to this post ]
me too
[ Reply | Options ]08.14.08, 08:17 AM [ Flag | link to this post ]We have a HHI in NYC of about $650K and I can promise you we don't feel wealthy. We try to save as much as possible so we can retire early, but it's stressful. I can't quit my job and we have to rely on a lot of help with the kids.
[ Reply | Options ]08.14.08, 08:33 AM [ Flag | link to this post ]that you can even consider early retirement makes you wealthy in my book. it's all relative, my friend.
[ Reply | Options ]08.14.08, 08:37 AM [ Flag | link to this post ]That's absurd. Most of the people retiring early are middle class, just with union or gov't jobs providing pensions.
[ Reply | Options ]08.14.08, 08:51 AM [ Flag | link to this post ]union members and those with gov't jobs aren't retiring early in Manhattan, which is the point of this thread.
[ Reply | Options ]08.14.08, 08:55 AM [ Flag | link to this post ]or if they do, they also work another job.
[ Reply | Options ]08.14.08, 08:56 AM [ Flag | link to this post ]
I really couldn't say. I think it depends on if you bought something ten years ago, do private/public, have little kids that need childcare vs. older kids in public school, etc. And if you include above 96th/110th street... I notice that for us, we could live really well if we weren't intent on saving. It's the savings for college, retirement, the unknown that make budgeting more challenging.
[ Reply | Options ]08.14.08, 08:14 AM [ Flag | link to this post ]if we are only talking income then here would be my guidelines. 350k+ wealthy. 180-350k upper middle. 85k-180k middle class income.
[ Reply | Options ]08.14.08, 08:16 AM [ Flag | link to this post ]TO me, wealthy people in Manhattan don't work for a living (or don't have to). they live off investments/inheritance and never think about money. Upper middle class is anyone who works and earns above $500K. Middle class is $100K-500K. Lower middle class $50K-100K. Poor is below $50K.
[ Reply | Options ]08.14.08, 08:19 AM [ Flag | link to this post ]I agree with this
[ Reply | Options ]08.14.08, 08:21 AM [ Flag | link to this post ]np: That sounds right to me.
[ Reply | Options ]08.14.08, 08:22 AM [ Flag | link to this post ]Our HHI is 115. There is a huge difference btwn what we can afford and what ppl making 500k or even 200k.
[ Reply | Options ]08.14.08, 08:25 AM [ Flag | link to this post ]OK, so move lower middle class to starting at 150K. it's not a science.
[ Reply | Options ]08.14.08, 08:26 AM [ Flag | link to this post ]Yeah, but ain't it crazy that 150k is LMC?
[ Reply | Options ]08.14.08, 08:27 AM [ Flag | link to this post ]Manhattan is a different world from the rest of the country. My parents live in a 5 bedroom house on an acre of land in Ohio and that house is worth about $200,000. They make about $100K a year and I would consider them middle to upper middle class where they are.
[ Reply | Options ]08.14.08, 08:29 AM [ Flag | link to this post ]
yes, and there's a huge difference between 50K and 100K, but we're talking about ranges here.
[ Reply | Options ]08.14.08, 08:27 AM [ Flag | link to this post ]
[+] Our HHI is less than 150k, we rent in the 70's on the UWS, have 1 dc in private schoo... 31 replies
- hhi is about 80k. we have three dc, live in ny suburbs, own a car, send to parochial school. we even manage to save a...
- I'm poster above with mort/main of $3500. we live on a *very* tight budget with our HHI of $170K, no car etc. FA at private and we save some, but not enough. live very frugally. there was no way we could...
Talk : : August 14, 2008
Our HHI is less than 150k, we rent in the 70's on the UWS, have 1 dc in private school, own a car, vacation 2/yr...and yes, we are very happy and healthy overall. I don't know how we are getting by but we do. We have a lot to be thankful for.
31 replies [ Reply | Watch | Options ]08.14.08, 07:58 AM [ Flag ]good for you! how much is rent?
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]$3900
[ Reply | Options ]08.14.08, 08:01 AM [ Flag | link to this post ]wow. You are doing great. Guessing, financial aid for school.
[ Reply | Options ]08.14.08, 08:03 AM [ Flag | link to this post ]that's about our income, our mortgage/maintenance is $3500, have one dc in private with FA, don't have a nanny, no car, family vacations only (low $$). we also feel very fortunate.
[ Reply | Options ]08.14.08, 08:03 AM [ Flag | link to this post ]
the "i make $990K a year and feel so poor" posts make me wish I could reach through the computer and slap somebody. We are getting by on $110K.
[ Reply | Options ]08.14.08, 08:02 AM [ Flag | link to this post ]you and me both, sister. anyone making that kind of money shoudl be grateful.
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]:)
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]
we are getting by on $165,000 with a one bedroom and expensive daycare, and I have nothing to complain about!
[ Reply | Options ]08.14.08, 08:03 AM [ Flag | link to this post ]We are getting by on $80,000.......wonder how we do it!
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]
But do you save?
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]I can't see how they're saving much, if anything.
[ Reply | Options ]08.14.08, 08:05 AM [ Flag | link to this post ]yes. wish we could put away more each month but for now, a little is better than nothing.
[ Reply | Options ]08.14.08, 08:05 AM [ Flag | link to this post ]
You must get FA, no?
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]actually no. would we qualify? didn't even apply thinking we wouldn't have a shot. maybe next year.
[ Reply | Options ]08.14.08, 08:06 AM [ Flag | link to this post ]I call BS. there's no way you can afford private, $3900 month rent, a car, two vacations a year, and save a little on that income.
[ Reply | Options ]08.14.08, 08:08 AM [ Flag | link to this post ]np: I'm not quick to call bs, but have to agree here. Take home would be about $8k per month. $2500 for school, $4k to rent, leaves only $1500 per month to live on for everything, including food.
[ Reply | Options ]08.14.08, 08:10 AM [ Flag | link to this post ]but hey, it is doable!
[ Reply | Options ]08.14.08, 08:13 AM [ Flag | link to this post ]poster below. her take home pay could be a lot higher than 8k/month.
[ Reply | Options ]08.14.08, 08:13 AM [ Flag | link to this post ]how?
[ Reply | Options ]08.14.08, 08:15 AM [ Flag | link to this post ]depends on what's being taken out. isn't it 13k gross? 20% taxes leaves her with over 10k.
[ Reply | Options ]08.14.08, 08:19 AM [ Flag | link to this post ]no way--take home is $7500-8K, less if putting $$ aside for 401K--I know from experience
[ Reply | Options ]08.14.08, 08:21 AM [ Flag | link to this post ]She is paying more than that in taxes on that income
[ Reply | Options ]08.14.08, 08:21 AM [ Flag | link to this post ]
I'm poster above with mort/main of $3500. we live on a *very* tight budget with our HHI of $170K, no car etc. FA at private and we save some, but not enough. live very frugally. there was no way we could afford private with FA.
[ Reply | Options ]08.14.08, 08:14 AM [ Flag | link to this post ]If they are saving anything for retirement take home would be closer to 7K.
[ Reply | Options ]08.14.08, 08:16 AM [ Flag | link to this post ]No way, they also need childcare, utilities & when we made 140k take home was 6800 a month
[ Reply | Options ]08.14.08, 08:18 AM [ Flag | link to this post ]No childcare. Sahm.
[ Reply | Options ]08.14.08, 08:20 AM [ Flag | link to this post ]still not possible.
[ Reply | Options ]08.14.08, 08:22 AM [ Flag | link to this post ]
op: Not BS. See that's the thing...I honestly am amazed by how we seem to be getting by month to month. I should have also added that I rarely shop for myself and neither does my dh and we are careful about not spending frivolously day-to-day.
[ Reply | Options ]08.14.08, 08:12 AM [ Flag | link to this post ]then you're not telling us something. I live on that income and there's no way you can swing full $30K private tuition, your rent, a car, vacations, and save on that $$.
[ Reply | Options ]08.14.08, 08:16 AM [ Flag | link to this post ]Your dc must not be at a private that costs 30k then b/c our mort/main is 2600 a month & we can't do private without FA & still can't take nice vacations.
[ Reply | Options ]08.14.08, 08:17 AM [ Flag | link to this post ]
hhi is about 80k. we have three dc, live in ny suburbs, own a car, send to parochial school. we even manage to save a good amount. but we do have a great rental.
[ Reply | Options ]08.14.08, 08:09 AM [ Flag | link to this post ]
[+] My husband and I make almost $900K together (he makes much more than me, though) and ... 133 replies
- sense. We have two kids and about the same HHI as you. Both kids are in private school and...
- Maybe the OP meant to write $90K HHI, and not $900K...
- ITTTTTTTTTTA. your HHI is 4x what ours is - and granted we...childcare which is approx $22K/year. seriously, if your HHI is 4x mine, shouldnt you be able to afford...
- These posts are very funny. Our HHI is 1/3 of yours and we manage...
Talk : : August 14, 2008
My husband and I make almost $900K together (he makes much more than me, though) and yet in NYC, we feel like we don't qualify as well-off, which is insane. Despite the recession, there are so many multi-millionaires in this city, and the housing is still unbelievably unaffordable. We have 3 kids and want a 4th and there is no way to afford enough space for everyone in a nice neighborhood. As it is, we live in a bad neighborhood, surrounded by projects, and our three kids share a room. This city is just so skewed. I wonder if the housing market will ever normalize so that we could afford to live on the UWS or even just somewhere pleasant.
133 replies [ Reply | Watch | Options ]08.14.08, 07:32 AM [ Flag ]If normalize means that a family of 5 or 6 can't get appropriate housing I am in trouble! If we had that money, we would be doing excellent.
[ Reply | Options ]08.14.08, 07:35 AM [ Flag | link to this post ]Boohoo poor you and your paltry $900k.
[ Reply | Options ]08.14.08, 06:19 PM [ Flag | link to this post ]
unless you are paying private tuition for all your kids, i don't see why, at your income level, you are in a 2 BR in a bad neighborhood. we take home less than half that and can afford a better apartment.
[ Reply | Options ]08.14.08, 07:36 AM [ Flag | link to this post ]We are doing private school because we live in East Harlem where our options are limited.
[ Reply | Options ]08.14.08, 07:41 AM [ Flag | link to this post ]you chose to live in East Harlem and have a huge HHI. why are we supposed to sympathize with you?
[ Reply | Options ]08.14.08, 07:44 AM [ Flag | link to this post ]then maybe you need to consider renting in a neighborhood with a decent public. no luck with TAG or Anderson?
[ Reply | Options ]08.14.08, 07:44 AM [ Flag | link to this post ]If the kids are like their parents, they can't be too smart.
[ Reply | Options ]08.14.08, 08:00 AM [ Flag | link to this post ]
http://www.marykayg.com/html/for_sale.html
[ Reply | Options ]08.14.08, 09:49 AM [ Flag | link to this post ]living in Ditmas Park isn't going to solve her school situation.
[ Reply | Options ]08.14.08, 02:41 PM [ Flag | link to this post ]
ita, there must be some serious waste going on with your spending habits. we make WAY less and get along just fine.
[ Reply | Options ]08.15.08, 10:28 AM [ Flag | link to this post ]
i'm trying not to flame here. yes, i think there are insanely wealthy people and they can afford to pay anything. and yes, it's driving up prices. but seriously, you can afford it to. how much do you spend on fine dining each month? how much do you spend on vacations? try tightening your belt for a couple of months instead of saying you can't afford things.
[ Reply | Options ]08.14.08, 07:37 AM [ Flag | link to this post ]We go on one vacation a year, and eat out only once a month. We don't own a car, we only use frequent flier miles when traveling on vacation. We are seriously not big spenders! I buy all my clothes online at JCrew. We are not brand name types.
[ Reply | Options ]08.14.08, 07:41 AM [ Flag | link to this post ]sorry. i don't believe you.
[ Reply | Options ]08.14.08, 07:43 AM [ Flag | link to this post ]then where is the money going? how old are your kids?
[ Reply | Options ]08.14.08, 07:44 AM [ Flag | link to this post ]We save money in IRAs and in 529s for the kids. Our mortgage and utilities are very expensive because we have a big mortgage.
[ Reply | Options ]08.14.08, 07:52 AM [ Flag | link to this post ]How do you have a big mortgage on a 2 bedroom in East Harlem. We own a 3 bedroom in West Harlem & can do it on 200k
[ Reply | Options ]08.14.08, 07:53 AM [ Flag | link to this post ]how much did you pay for a 2 BR near the projects? and unless its huge, i don't see why utilities are so much.
[ Reply | Options ]08.14.08, 07:53 AM [ Flag | link to this post ]It's a brownstone, but our apartment only has 2BR. The rest we rent out. Oil heat goes up to $2000 a month in winter.
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]So, sell it & buy one of those penthouses in the Langston & bank your profit.
[ Reply | Options ]08.14.08, 08:02 AM [ Flag | link to this post ]that's 5% of your take-home a month!
[ Reply | Options ]08.14.08, 06:05 PM [ Flag | link to this post ]Are you counting your rent roll in this 900K? Very strange.
[ Reply | Options ]08.15.08, 08:00 AM [ Flag | link to this post ]
so let's see. say 50% off the top for taxes. 450k left. then private school plus 20k college savings for each kid. 300k left. say 10% retirement savings each year. 200k left. say 5k a month living expenses other than rent (which is way too much, imo). that leaves 140k a year for rent/mortgage.
[ Reply | Options ]08.14.08, 07:58 AM [ Flag | link to this post ]That is more than 11K a month - you can easily find something
[ Reply | Options ]08.14.08, 08:00 AM [ Flag | link to this post ]
np: do you save a lot of money in 401k etc. my sister always says money is tight but she saves a ton!
[ Reply | Options ]08.14.08, 07:44 AM [ Flag | link to this post ]You are not making any sense. We have two kids and about the same HHI as you. Both kids are in private school and we have a house in the Hamptons and a big two-bedroom on the UES and we save money every month. Your numbers don't make any sense.
[ Reply | Options ]08.14.08, 02:35 PM [ Flag | link to this post ]
why do you need another kid? Isn't better to give more time and money to your three that you already have? To make sure they can have the best life possible?
[ Reply | Options ]01.17.09, 03:11 PM [ Flag | link to this post ]
There are lots of nice neighborhoods where you could live. There are still many brownstones in nice parts of Harlem that are under 2 million.
[ Reply | Options ]08.14.08, 07:39 AM [ Flag | link to this post ]Have you tried living in Harlem. We do. And despite some improvements, there is still a lot of unpleasantness here. The playgrounds are dirty and mostly empty. There are no restaurants, let alone kid-friendly places to eat. There are no amenities. It is still very much a ghetto.
[ Reply | Options ]08.14.08, 07:43 AM [ Flag | link to this post ]I;ve lived in Harlem for over 1 years and it is very far from a "ghetto". I see that you live in East Harlem, which is not at nice as West Harlem & has fewer amenities, so move to west harlem *& buy a brownstone.
[ Reply | Options ]08.14.08, 07:45 AM [ Flag | link to this post ]^^^ over 11 years that should read
[ Reply | Options ]08.14.08, 07:46 AM [ Flag | link to this post ]
Why East Harlem? Why not West Harlem? Or Washington Heights? Or Riverdale?
[ Reply | Options ]08.14.08, 07:46 AM [ Flag | link to this post ]But I just wonder why it is that affordable apts with this income aren't available south of 110th Street? Doesn't it seem skewed that a family making $900K can't live there? My parents lived on UWS and UES making far less money than we do. What has happened to this city that we have to live somewhere where we always have to commute to get to restaurants, kids' places, schools, museums, etc.?
[ Reply | Options ]08.14.08, 07:50 AM [ Flag | link to this post ]I know plenty of people living below 110K who make under 900K - The people who make that much in Harlem own fabulous brownstones, they don't rent 2 bedrooms.
[ Reply | Options ]08.14.08, 07:51 AM [ Flag | link to this post ]I have no idea what you're talking about. Plenty of people making a LOT LESS than $900K living below 110th Street
[ Reply | Options ]08.14.08, 07:54 AM [ Flagged | link to this post ]ITA
[ Reply | Options ]01.17.09, 06:45 AM [ Flag | link to this post ]
wow, what kind of harlem do you live in? The one we are in has super busy newly renovated playgrounds, plenty of places to eat and all the amenities we need but to each their own.
[ Reply | Options ]08.14.08, 07:48 AM [ Flag | link to this post ]Where are you? If you're at 117th on the West Side, that is barely Harlem, more like Columbia. Go east to Central Harlem or East Harlem. Whole different game. We had two shootings this summer around the corner from us.
[ Reply | Options ]08.14.08, 07:51 AM [ Flag | link to this post ]are you op? with your income, why don't you buy a brownstone near columbia???
[ Reply | Options ]08.14.08, 07:52 AM [ Flag | link to this post ]They are still too expensive. we have a brownstone. The brownstones in Harlem often look nice on the outside but require many $$ renovations to get them up to code. Many were neglected and there are lots of fixes that can't be seen from the outside, but which cost lots of money. Also, oil heating is very expensive for these houses.
[ Reply | Options ]08.14.08, 07:54 AM [ Flag | link to this post ]How much was the brownstone you bought?
[ Reply | Options ]08.14.08, 07:57 AM [ Flag | link to this post ]Then buy one in the 140s, most of those east of Amsterdam and west of Bradhurst were never neglected & you can still get them for under 2 mill & they are much bigger than most of them in the 120s.
[ Reply | Options ]08.14.08, 07:57 AM [ Flag | link to this post ]If you have a brownstone - how do you not have enough space & why are three children sharing a bedroom?
[ Reply | Options ]08.14.08, 07:58 AM [ Flag | link to this post ]wait, you live in a brownstone but only have two bd rooms? Is it a condo? Something here doesn't make sense to me. You can buy a beautiful 3 bd rm apt near columbia easily on your income.
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]We rent out 2 apartments in the brownstone to help pay down mortgage.
[ Reply | Options ]08.14.08, 08:00 AM [ Flag | link to this post ]How much do you get in rent? Also you never answered how much your brownstone was.
[ Reply | Options ]08.14.08, 08:02 AM [ Flag | link to this post ]Mortgage and utlities are about $5800 a month, higher in winter.
[ Reply | Options ]08.14.08, 08:08 AM [ Flag | link to this post ]How much was your brownstone?
[ Reply | Options ]08.14.08, 09:15 AM [ Flag | link to this post ]
I still don't understand where all your money is going. You should be able to spend $12k month on housing with your income.
[ Reply | Options ]08.14.08, 08:02 AM [ Flag | link to this post ]ITTTTTTTTTTA. your HHI is 4x what ours is - and granted we rent and have only 1 child, but we're still able to save money for savings AND retirement AND 529, pay down debt + student loans, pay over $3K in rent, and pay for childcare which is approx $22K/year. seriously, if your HHI is 4x mine, shouldnt you be able to afford more kids in a better neighborhood? i'm in UES.
[ Reply | Options ]08.15.08, 07:33 AM [ Flag | link to this post ]
There were a few shootings on the LES this summer too & one on the UES. Central Harlem is just as nice as west Harlem these days.
[ Reply | Options ]08.14.08, 07:52 AM [ Flag | link to this post ]
come on - how much do you bring home each month after taxes?
[ Reply | Options ]08.14.08, 07:39 AM [ Flag | link to this post ]you need to get a grip. That kind of money is insane for almost all people in this city and there is something about your spending that is the problem if you can't afford to live here.
[ Reply | Options ]08.14.08, 07:41 AM [ Flag | link to this post ]You I find very annoying.
[ Reply | Options ]08.14.08, 07:44 AM [ Flag | link to this post ]What is your monthly net income? How much is your mortgage? Do you have a car? A nanny? How old are the kids?
[ Reply | Options ]08.14.08, 07:45 AM [ Flag | link to this post ]They should be taking in about 34k a month
[ Reply | Options ]08.14.08, 07:46 AM [ Flag | link to this post ]ita - she needs to break out for us where that money goes every month. no way they are struggling unless she is buying 3 birkins every month.
[ Reply | Options ]08.14.08, 07:47 AM [ Flag | link to this post ]I think it is fake, if she lives in a two bedroom in East Harlem her rent in probably under 2K, or just 2K - it is one of the most affordable parts of Manhattan.
[ Reply | Options ]08.14.08, 07:50 AM [ Flag | link to this post ]exactly. how much is realy beign spent on tuition adn sitters? becasue that has to be the big expense.
[ Reply | Options ]08.14.08, 07:51 AM [ Flag | link to this post ]Tuition is $25K per child, plus nanny (we both work full time). We own a brownstone, but only have 2 bedrooms in our apartment. I don't have any Birkins or any brand name bags, believe me.
[ Reply | Options ]08.14.08, 07:58 AM [ Flag | link to this post ]so you have rental income???
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]
ita. op is not telling us the whole story. i get the feeling her standards are too high and she wants to live like a princess.
[ Reply | Options ]08.14.08, 07:51 AM [ Flag | link to this post ]No, we have a brownstone and rent half of it out to tenants to help pay the mortgage.
[ Reply | Options ]08.14.08, 07:53 AM [ Flag | link to this post ]How much was this brownstone in a crappy area? And why do you only have 2 bedrooms in half of a brownstone?
[ Reply | Options ]08.14.08, 07:58 AM [ Flag | link to this post ]well, you know, then you're doing okay if you can rent out half the house to help pay for the mortgage. You are a whiner supreme.
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]
oh my god...I can't even imagine having $34K a month!
[ Reply | Options ]08.14.08, 07:48 AM [ Flag | link to this post ]
That is a lot of $. Stop whining and complaining and be grateful for what you have.
[ Reply | Options ]08.14.08, 07:47 AM [ Flag | link to this post ]do you own your apartment? What are your monthly housing costs? How much is your kids' tuition? We make close to that, spend $7K a month on housing and nearly $40k a year on our nanny (we only have 1 child), and we take vacations and eat out a lot, and still manage to save A LOT. I can't imagine your expenses are so much higher than ours that you can't afford a decent place to live. Maybe not 4 bedrooms, but at least 3, in a decent neighborhood.
[ Reply | Options ]08.14.08, 07:49 AM [ Flag | link to this post ]ITTA.
[ Reply | Options ]08.14.08, 07:50 AM [ Flag | link to this post ]Monthly housing is about $5800
[ Reply | Options ]08.14.08, 07:56 AM [ Flag | link to this post ]ok, we make less than half of waht you do and coudl afford more rent than that, and get an apartment with 3 br's, in a nicer neighborhood. soemthiing is not making sense here.
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]On your income you can afford more than that on housing. You are spending 10% of your income on housing. Normal is 30%.
[ Reply | Options ]08.14.08, 08:01 AM [ Flag | link to this post ]And how much do you get for rent? $5800 minus what - $1500?
[ Reply | Options ]08.14.08, 08:01 AM [ Flag | link to this post ]$5800 is what we pay after we get the rent money.
[ Reply | Options ]08.14.08, 08:08 AM [ Flag | link to this post ]
OR: OK, so you are spending maybe $60K a year more than I am (your kids' tuition minus the difference between our housing costs; I'm assuming your nanny is in the same ballpark as mine). That still doesn't add up to me. Also, the fact that you are currently spending more on your childrens' private education than you are on housing is screwed up. Move to a neighborhood with a good public school and you can spend that additional $75K a year on an apartment.
[ Reply | Options ]08.14.08, 08:04 AM [ Flag | link to this post ]
are you kidding???
[ Reply | Options ]08.14.08, 07:49 AM [ Flag | link to this post ]Please move out of NY. I live here on about 70K, so obviously your desire to "keep up with the Jones'" is skewing your perspective. Seriously, it sounds like you'd be happier elsewhere. GL...
[ Reply | Options ]08.14.08, 07:50 AM [ Flag | link to this post ]ITA! I am a single mom with one dd and earn just under 100K. I live in a great, good sized, 1 BR rental apartment in Yorkville, my daughter goes to an excellent Public school, we eat out at least once a week, vacation once or twice a year and we are(nearly) deliriously happy :-) This family makes 9 times the income I do and she sounds miserable. Go figure.
[ Reply | Options ]08.14.08, 09:06 AM [ Flag | link to this post ]
are you serious? You could get a brownstone on the UWS with plenty of room for your family on your income.
[ Reply | Options ]08.14.08, 07:51 AM [ Flag | link to this post ]I know. She must be a fake.
[ Reply | Options ]08.14.08, 07:59 AM [ Flag | link to this post ]Why would I bother? Not a fake at all. I think my husband manages our money conservatively because the market is so volatile. But I have not misrepresented our situation here at all. I just don't understand why on our income, we can't afford to be in a nice apt below 110th St. When I was growing up, there were middle income families of 5 and 6 on the UWS and other nice neighborhoods. Granted, the city wasn't as nice back then, but still. It has become the province of the top .5%.
[ Reply | Options ]08.14.08, 08:03 AM [ Flag | link to this post ]but everyone here is telling you that you can. Certainly you can afford a 3br apt below 110th street, b/c you can actually afford to spend twice what you are currently spending on housing.
[ Reply | Options ]08.14.08, 08:06 AM [ Flag | link to this post ]So you are saving a ton of money each month.
[ Reply | Options ]08.14.08, 08:06 AM [ Flag | link to this post ]we don't understand it either. have you made a monthly budget? lots of people are in nice apartments on much lower incomes. unless you paid WAY too much for that brownstone, something doesn't add up.
[ Reply | Options ]08.14.08, 08:06 AM [ Flag | link to this post ]The point of pretty much everyone responding to your post is that your premise is incorrect -- you CAN afford to be in a nice apartment below 110th St. on your income!!!
[ Reply | Options ]08.14.08, 08:06 AM [ Flag | link to this post ]900K a year is not middle class. If I made that much, I'd consider myself rich. What everyone is telling you is: 1. there's a chunk of income that is unaccounted for in your account; 2 even if you were spending every penny on necessities, you can still live better on $5800K rent a mont than where you're living. For the same amount of money, you could have a nicer, bigger apartment in a nicer, safer, more convenient neighborhood. While I agree NY is disgustingly expensive and harder and harder to live in unless you have a lot of money, you DO have a lot of money by the standards of normal people. You just made a bad housing decision. Surely, you can see that, right? Would you rent a 2br apt in East Harlem for $5800? Nope. That $5800 can get you a nicer living situation. Your brilliant husband didn't think this through.
[ Reply | Options ]08.14.08, 10:26 AM [ Flagged | link to this post ]
Big. Fat. Liar.
[ Reply | Options ]08.14.08, 08:02 AM [ Flag | link to this post ]I think your DH must have a drug/gambling/prostitute habit he's not telling you about and half your income is going to that. There is no other explanation.
[ Reply | Options ]08.14.08, 08:08 AM [ Flag | link to this post ]LOL! or else he gets a lot of income in a bonus and doesn't want to sepdn that, so his idea of their income and hers are radically different.
[ Reply | Options ]08.14.08, 08:11 AM [ Flag | link to this post ]If Uncle Sam considers it income, it's income!
[ Reply | Options ]08.14.08, 08:12 AM [ Flag | link to this post ]
was just thinking SAME thing
[ Reply | Options ]01.17.09, 04:58 AM [ Flag | link to this post ]
STFU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[ Reply | Options ]08.14.08, 08:39 AM [ Flag | link to this post ]I don't get it. I understand how you may not feel wealthy on that but you can certainly afford a nice 3 bedroom in a nice neighborhood and live VERY comfortably on that. We make less than that (about 650) and have a 3BR coop in doorman building in the heart of the UWS. We pay about 10.5K a month for housing but still have money for a car, country club, one private school tuition, 529 and retirement savings. I don't shop on Madison ave either but certainly have money for nice dinners, vacations etc. and don't feel like I am not "well-off". You need to figure out where your money goes!
[ Reply | Options ]08.14.08, 08:42 AM [ Flag | link to this post ]http://www.marykayg.com/html/for_sale.html
[ Reply | Options ]08.14.08, 09:48 AM [ Flag | link to this post ]I'm sorry, you're just retarded. You both work make almost $1M, own a brownstone with income property. Stop feeling sorry for yourself and set priorities you beanhead. My DH and I make combined almost $4M per year and there are alot of people who make us feel poor but you don't hear me whining about it. Grow up.
[ Reply | Options ]08.14.08, 10:15 AM [ Flag | link to this post ]If you feel poor on 4m a year, there is something wrong with your world view. Instead of congratulating yourself on not "whining" that you are not richer, meditate on how much richer you are than all but a few. You are so privileged, you don't even really understand how privileged you are. this is a new low on UB. Someone who makes $4m a year lecturing someone who makes $900K a year on having a stiff upper lip about not being richer. Get me a barf bag, someone, quick.
[ Reply | Options ]08.14.08, 10:29 AM [ Flag | link to this post ]Sorry, I had to step away to polish my diamond end table (by MYSELF!!). Please see below
[ Reply | Options ]08.14.08, 10:50 AM [ Flag | link to this post ]LOL.
[ Reply | Options ]01.16.09, 10:34 PM [ Flag | link to this post ]
ok, you need a major drubbing with a cluestick, lady. we don't even make half of what you make, we just bought a 2-bed in a nice nabe and we are making adjustments to our very nice lifestyle that we consider ourselves lucky to have. there will always be someone richer than you in nyc. that doesn't necessarily make you poor.
[ Reply | Options ]08.14.08, 10:13 AM [ Flag | link to this post ]maybe your husband has a Spitzer hobby/habit
[ Reply | Options ]08.14.08, 10:23 AM [ Flag | link to this post ]huh?
[ Reply | Options ]08.14.08, 10:24 AM [ Flag | link to this post ]hookers at $4000 a pop, it was a joke
[ Reply | Options ]08.14.08, 10:25 AM [ Flag | link to this post ]OK as usual you're missing the point. I do not feel poor or sorry for myself. I adore my life. My point was that compared to some people in New York that we socialize with who have their own planes, etc we have much less. But who cares????!!!!! My POINT!!! was that this woman is a beanhead for complaining.
[ Reply | Options ]08.14.08, 10:48 AM [ Flag | link to this post ]And when I say they make us "feel poor" I mean that we talk about it and joke about it like OMG they make me feel poor. Hah hah. Not boo hoo.
[ Reply | Options ]08.14.08, 10:55 AM [ Flag | link to this post ]But you make 4m a year! How hard is it to not make everything seem funny?
[ Reply | Options ]08.14.08, 10:57 AM [ Flag | link to this post ]OK so that made me laugh. I wasn't complaining. I totally agree. In fact whenever I find myself feeling sorry for myself for anything (as human beings do) I very quickly realize how absurd it is, AS SHOULD THIS WOMAN
[ Reply | Options ]08.14.08, 10:59 AM [ Flag | link to this post ]
I understood your point perfectly well. Here's what you don't get: A person who makes $4m a year cannot lecture anyone who makes less about their attitude toward money. It's unseemly. Do you understand that?
[ Reply | Options ]08.14.08, 04:21 PM [ Flag | link to this post ]
YOUR point? i'm the cluestick poster above. stop pretending you're me.
[ Reply | Options ]08.14.08, 06:27 PM [ Flag | link to this post ]
This woman is mentally defective. Why are you all encouraging her? You should be ashamed of yourself.
[ Reply | Options ]08.14.08, 02:48 PM [ Flagged | link to this post ]
Don't reproduce if you don't have the money. It's not a god given right to be able to have 4 children. This world is populated enough. You shouldn't be whining about not being able to have a 4th b/c you can't afford it.
[ Reply | Options ]08.14.08, 03:10 PM [ Flag | link to this post ]but there is no good reason why she can't afford it. the numbers seh's givign do not add up.
[ Reply | Options ]08.14.08, 03:14 PM [ Flagged | link to this post ]This post does not make sense......to the original poster stop complaining and start figuring out where the money is going!!!!
[ Reply | Options ]08.14.08, 03:24 PM [ Flag | link to this post ]
you know this is just dumb. so many people in NYC make WAY less than 900k. we make about $160k combined: one of us works FT and one of us works PT to be home with our toddler. we're in contract for a new condo in a GREAT brooklyn neighborhood.
[ Reply | Options ]08.14.08, 04:44 PM [ Flag | link to this post ]very serious: what 'hood? we'll be looking soon in similar situation. thanks.
[ Reply | Options ]08.14.08, 06:22 PM [ Flag | link to this post ]
you are too thick (in the head) to have any more children.
[ Reply | Options ]08.14.08, 04:45 PM [ Flag | link to this post ]As stupid as this couple is, what moronic companies are paying them a combined salary of $900k/year? Please tell us who you work for in case we own stock in these companies . . . sell, sell, sell.
[ Reply | Options ]08.14.08, 04:47 PM [ Flag | link to this post ]good point
[ Reply | Options ]08.14.08, 04:50 PM [ Flag | link to this post ]
gosh, i feel like I want to respond but am at a loss for words.
[ Reply | Options ]08.14.08, 05:02 PM [ Flag | link to this post ]good god. get a grip or move to the burbs
[ Reply | Options ]08.14.08, 05:21 PM [ Flag | link to this post ]Maybe the OP meant to write $90K HHI, and not $900K
[ Reply | Options ]08.14.08, 06:08 PM [ Flag | link to this post ]Which schools have 25K tuition over a spread of grades?
[ Reply | Options ]08.14.08, 06:16 PM [ Flag | link to this post ]
talk to a financial advisor.
[ Reply | Options ]08.14.08, 06:16 PM [ Flag | link to this post ]GET. A. REAL. LIFE. WITH REAL PROBLEMS. GROW UP, LADY.
[ Reply | Options ]08.14.08, 06:17 PM [ Flag | link to this post ]so sick of these posts. move out of NYC for crissakes
[ Reply | Options ]08.14.08, 06:47 PM [ Flag | link to this post ]This post really makes me sick. This is about your insecurities. Try to live life by other standards and get out of the vortex. Your "nice" neighborhood views are skewed. The rest of us are making due on about 20% of what your family earns.
[ Reply | Options ]08.15.08, 05:20 AM [ Flag | link to this post ]These posts are very funny. Our HHI is 1/3 of yours and we manage to live okay in a East midtown doorman coop. We are however out of space if we have a 2nd child. And the next jump up in apartment size is too much $$ for us to handle right now. BUT if we made $900K, we certainly could afford a very nice 3 bedroom. Not on 5th Avenue, but w/o question we would be able to afford many UES buildings. Your problem is that you are probably hanging out w/ people that are above your income. There will always be someone richer. Make some new friends at your income level and you'll see they are more than happy and live well on $900K...
[ Reply | Options ]08.15.08, 07:57 AM [ Flag | link to this post ]lady, you need to get a financial planner if you're struggling with $900K a year
[ Reply | Options ]08.20.08, 01:49 PM [ Flag | link to this post ]Get over yourself. My husband and I make literally 1/10th of what you do, and we have a perfectly nice life here. You are suffering from a sense of entitlement and envy. You are a perfect example of why the rest of the world hates Americans right now.
[ Reply | Options ]08.21.08, 06:57 AM [ Flag | link to this post ]Your husband is a cheapskate and you, I'm afraid, are none too bright. He has convinced you that you need to live this way and you believe him. He's either socking away so much $ that you will be able to retire to an island paradise at 50 or he's spending it in ways that you are not aware. The best advice on this board: hire a financial planner. The numbers don't add up. And bail on Harlem. Why with all that money would you want to live in a place that you think is scary and ugly.
[ Reply | Options ]08.21.08, 07:10 AM [ Flag | link to this post ]this makes NO sense.
[ Reply | Options ]01.16.09, 10:10 PM [ Flag | link to this post ]It really makes no sense. You should have 550,000 to 600,000 or so after tax, so assume housing is 72,000 per year, plus you pay 100,000 in private school tuition (for the sake of argument), and you spend another 60,000 per year on life in general and 30,000 on a nanny, you should still have at least 50% (!!!) of your after tax income left over. Fake post.
[ Reply | Options ]01.16.09, 10:38 PM [ Flag | link to this post ]np: Ohhhh, poor you :( Yeah, right. Get over yourself. We make 1/10th of what you do and are fine. You should be ashamed of yourself.
[ Reply | Options ]01.17.09, 04:45 AM [ Flag | link to this post ]Yeah boo freaking hoo! Seriously I make 1/10th of what you make as well and I would never post about how broken down and ppor I was..forced to live in Harlem..poor poor stupid you.
[ Reply | Options ]01.17.09, 12:16 PM [ Flag | link to this post ]
that's why I have only 1 db.
[ Reply | Options ]01.17.09, 12:18 PM [ Flag | link to this post ]
[+] i am so depressed about our financial situation. we have HHI of about $140k, have a $... 25 replies
- I am floored - our hhi is 375, monthly nut mort and maint is 3800, have 2200 of nanny bills and feel broke broke broke...
- OP: i would be SET if our HHI was 375! between nanny for baby and 4 y/o's school we are at about the same ($2k). you are broke?...
Talk : : August 13, 2008
i am so depressed about our financial situation. we have HHI of about $140k, have a $3900 mortgage payment. dd's school is $750/mo. i am paying back credit card debt and we don't spend insane amounts of money. why the hell am i always just making it with nothing left over! i need to figure out a better way to budget. any ideas? i'm about to lose it.
25 replies [ Reply | Watch | Options ]08.13.08, 05:44 PM [ Flag ]welcome to our life..sam ethink..HHI was about 175 - but we had 2 schools..in total about 1700mo + mortg of about 4200...urghh..awful - now dh is out of work - we are so screwed.
[ Reply | Options ]08.13.08, 05:45 PM [ Flag | link to this post ]we're UE too. How long can you last?
[ Reply | Options ]08.13.08, 05:57 PM [ Flag | link to this post ]
i think you are doing incredibly well on that salary living in nyc. you need to find a way to make more money, not necessarily spend less. or move.
[ Reply | Options ]08.13.08, 05:46 PM [ Flag | link to this post ]i moved out of the city to long island. and how are we doing well if we have nothing left! no savings and no end in sight for cc debt.
[ Reply | Options ]08.13.08, 05:48 PM [ Flag | link to this post ]you are paying a mortgage, rather than renting, and managing private school too. it just costs a lot to live in this area.
[ Reply | Options ]08.13.08, 05:49 PM [ Flag | link to this post ]we did the same thing... i feel like our financial life is a mess...seems like everyone around us on the island is doing better (at least in our area)...its utterly depressing
[ Reply | Options ]08.13.08, 05:52 PM [ Flag | link to this post ]np: it's so hard. I think that mindset - keeping up with the Jones and that everybody else is doing so well - is part of the problem. Vow to stop caring about that and you may find some extra money from not buying things to keep up with them. What kind of cars do you drive?
[ Reply | Options ]08.13.08, 05:55 PM [ Flag | link to this post ]i hear you.
[ Reply | Options ]08.13.08, 05:55 PM [ Flag | link to this post ]
Ditto here...DH and I were just lamenting this a little while ago. I WOH part-time and am starting to think I need to increase my hours...but I relish the time at home with dcs (which is still too little). I'm thinking I'd better start turning tricks at night! :)
[ Reply | Options ]08.13.08, 05:47 PM [ Flag | link to this post ]i am excellent at budgeting. off the top of my head i'd say that you need to take a hard look at your habits. do you woh? do you have the one dc? next, do you want to share what your monthly take home pay is?
[ Reply | Options ]08.13.08, 05:47 PM [ Flag | link to this post ]i work freelance, so my income is 1099 while dh's is on salary. i haven't saved a penny yet this year for my taxes (shitting bricks). dh makes $85 and i will make about $70k this year i think. we moved into new house in december and had 2nd child in may. we had to pay about $12k in taxes last year and i don't know how much relief we will get for now being homeowners + having new baby.
[ Reply | Options ]08.13.08, 05:53 PM [ Flag | link to this post ]here's what i would do. i would set it up so that you use your dh's salary for disposable income/living expenses and your salary for taxes, insurance, and credit card debt. let's say that without any deductions, your dh's income is 6500/month. so use that as your target budget. you use about 4k with tuition and mortgage. that gives your 2500 for all other monthly expenses. make a list of expenses and estimated costs...you should easily fit it all into 2500/month. next, target sloppy areas of your budget. if you find that you walk into cafes and stores all the time, stop carrying cash in your wallet, it'll stop you from spending money. stop and take a look at your habits and you'll be able to fix a lot. meanwhile, you now have 70k in your budget for all other expenses. how much are you paying in medical insurance? are you and your dh contributing to 401ks? estimate taxes. now look at what's left...should be something like 20k. put that towards your credit card debt. it'll be a big chunk and it'll feel fantastic. worth cutting back on things.
[ Reply | Options ]08.13.08, 06:04 PM [ Flag | link to this post ]^^^whoops. in short, what i said was that you now have 70k for taxes (estimate 35k), retirement savings(15k), medical insurance (i have no idea how much you pay. you now have a good 15k or 20k to put towards credit card debt.
[ Reply | Options ]08.13.08, 06:06 PM [ Flag | link to this post ]dh comes home with $4600 net every month unless there is an extra pay period. i come home about $7,000 gross (and need to put aside tax money which i have not). i added up our expenses and they total $8500 month for everything except cc debt. so lets say i spend $1,000/ mo on that. that leaves $850 left for spending. i feel like i try to keep doing this and it never works! i am going to look at my bank statement and add up everything that should fall into the $850
[ Reply | Options ]08.13.08, 06:17 PM [ Flag | link to this post ]p.s. health insurance is taken out of his paycheck so its already paid.
[ Reply | Options ]08.13.08, 06:19 PM [ Flag | link to this post ]you are spending too much money
[ Reply | Options ]08.14.08, 06:19 AM [ Flag | link to this post ]On 80K he comes home with 4600 a month, is he putting money into retirement?
[ Reply | Options ]08.14.08, 06:56 AM [ Flag | link to this post ]
Send your kid to public school.
[ Reply | Options ]08.13.08, 05:56 PM [ Flag | link to this post ]older child will go to public kindergarten next year. until then i have to pay...along with a sitter for baby so i can work.
[ Reply | Options ]08.13.08, 05:59 PM [ Flag | link to this post ]Then it's temporary, and try to think of it that way. Don't worry right this minute about savings. Get through the current situation and then reassess.
[ Reply | Options ]08.13.08, 06:01 PM [ Flag | link to this post ]
I am floored - our hhi is 375, monthly nut mort and maint is 3800, have 2200 of nanny bills and feel broke broke broke
[ Reply | Options ]08.13.08, 05:59 PM [ Flag | link to this post ]OP: i would be SET if our HHI was 375! between nanny for baby and 4 y/o's school we are at about the same ($2k). you are broke? are you saving money?
[ Reply | Options ]08.13.08, 06:03 PM [ Flag | link to this post ]np: that's the thinking of so many people with money problems - we'd be set if we had $X...it's never that easy. Figure out how to live with what you have and not beyond your means. If you can do that, you can live on whatever you have, whether it is $100K/year or a $1M
[ Reply | Options ]08.13.08, 06:08 PM [ Flag | link to this post ]
I think it's your mortgage that is killing you, not your discretionary spending. Your income is not that high for this area, but your monthly housing payment is very high for your income based on my own experience. It should be more like $3K. Not that this helps...
[ Reply | Options ]08.14.08, 06:41 AM [ Flag | link to this post ]- Can you downsize housing somehow or do you own? When you have dcs in public and pay off cc you can upgrade again. DH and I met after grad school so we had school debt. We had a couple of really cheap years in a crummy apartment and then we were in much better shape.
[ Reply | Options ]08.14.08, 06:54 AM [ Flag | link to this post ]
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UrbanBabyNewYork
While you’ll all be glad for a break from homework and 100 lb. backpacks next week, the cries of “I’m boooored” are sure to settle in by Tuesday.
Keep then engaged and entertained: The Intrepid Sea, Air & Space Museum ...
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UrbanBabySanFrancisco
Most of San Francisco’s branch libraries are kind of small, so the children’s section amounts to a couple of tables with chairs, a few shelves of books, and maybe if you’re lucky a couple of battered stuffed animals. But kids ...
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