Quote:
Originally Posted by whtviper1
Middle class is roughly $42,000 to $124,000 household income in urban Honolulu according some articles I have come across.
Obviously the lower middle class is going to struggle with a $500,000 place (and there are cheaper places to be had - they just aren't going to be able to live in Kakaako). On the other hand, as you move up the middle class curve, a $500,000 place is not out of the question.
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Plus, those numbers assume no existing equity. I could make 24K but if I sell and have 400k in equity when I sell, I'm good when I buy. All the middle class I know own homes from 600K on up.
All the hand waving on "how can anyone middle class purchase at these rates", well they already owned a home and sell and buy up as their income increases.