What HHI would you describe as Upper Middle Class on Long Island? (Merrick: sale, neighborhood)

[bg7]

[quote=kunk10;28475086]I only go on vacation for my wife and the kids. If I have a week off, I'd rather paint, draw, go to the gym twice a day and cook. I enjoy my reality so I don't have to escape it.[/quote]

Oh dear.

Seems like there's much more going on here than an opinion on what HHI constitutes UMC.

[viclom]

One thing being left out here is the "Stated Income/2 +-50%" factor that is very common on our island. That is that you have to divide the number that is stated by 2, plus or minus 50% of that number, and you may then actually have a somewhat less inflated representation of the actual income. A 30 yr mtg payment on 900k at 4% is 4200, then lets say you have 24k in tax, thats 6200. So if you make 400k, 150 goes to uncle sam, 74k goes to the mtg and propety tax, any you spen 3k on whatever else for the month. That leaves you with 100k left, after you put 10% into savings. The point of this? 400k salaray is a lot of money, its second home money not ranch in roslyn/rvc money.

[TheImportersWife]

Originally Posted by Spanky25

I live (what I consider) a "MIDDLE CLASS" area. Homes 350-500K
Its not what you make, its what you save.

No. That's not what the topic is about. It does matter what you make and what you save.

Just because you make 80k and save a large portion of your income, it doesn't make you upper-middle class on LI.

[Spanky25]

Simple:

Debit to income

[TheImportersWife]

Originally Posted by viclom

One thing being left out here is the "Stated Income/2 +-50%" factor that is very common on our island. That is that you have to divide the number that is stated by 2, plus or minus 50% of that number, and you may then actually have a somewhat less inflated representation of the actual income. A 30 yr mtg payment on 900k at 4% is 4200, then lets say you have 24k in tax, thats 6200. So if you make 400k, 150 goes to uncle sam, 74k goes to the mtg and propety tax, any you spen 3k on whatever else for the month. That leaves you with 100k left, after you put 10% into savings. The point of this? 400k salaray is a lot of money, its second home money not ranch in roslyn/rvc money.

I wish. 400k puts a small addition on your home and increases your taxes to 30k a year.

[Jdawg8181]

Originally Posted by kunk10

I only go on vacation for my wife and the kids. If I have a week off, I'd rather paint, draw, go to the gym twice a day and cook. I enjoy my reality so I don't have to escape it.

That sounds really boring.

[kunk10]

^@ importer's wife, thats true. we made 600-750 for a few years there and just spent more and saved the same % we did on half that

[kunk10]

to each his/her own, but my wife agrees with you.

Originally Posted by Jdawg8181

That sounds really boring.

[Jdawg8181]

Originally Posted by kunk10

to each his/her own, but my wife agrees with you.

I would actually be curious if loving to travel is more of a female thing. Of course there are men who love it as well, but my father, husband and my sister's husband all loathe it.

I think they are nuts. There's so much out there to see, love and appreciate.

[kunk10]

i dunno, i have two male friends who live for sight seeing. the only sites i want to see on vacation is an ocean and a drink