Subpop
Well-known member
EDIT
Seriously, the other day I was thinking about what people would even DO with a salary of over 100k, besides drive up the price of housing. I mean, my parents have a really nice house, investments galore, heaps of gadgets, and a really decent lifestyle where they travel at least twice a year... and even between them they have never made more than 75k per year. I get that inflation is a thing, but still... except for housing and child care, everything is cheaper than it used to be. An actual house SHOULD be cheaper and more efficient... but instead it's all about people living close to amenities... and not even amenities that they really need.
So why does anyone need to make more than $100k? The biggest markets in the world are the ones with a wide target market... concentrating wealth in the hands of the few isn't going to drive your economy, it's going to destroy it. Or people are paying for things with debt... which is what is happening now. EDIT
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This rings very true. I have lived in the same state since my birth and have seen the capital city transform from not even a blip on the radar into one of the 20 most expensive cities to live in the 1st world. I need to earn 160K p.a. as a single person to have even considered buying a house here....and I ended up with an apartment as I wasn't prepared to pay what the market dictates for houses. The average rent per week for a house recently reached $480.00 per week, the average house, and I mean pretty average, comfortable but nothing special, now costs $530K+ and the banks require 10% deposit absolute minimum. I moved away from the city because the cost of living has become ridiculous. I don't know how people live here on $75K per year...let alone having a child or children as well.