http://www.mybudget360.com/100000-a...saster-broken-tax-structure-built-on-bubbles/ 100k is not really much money in the Golden State when all is said and done.
I think it comes down to one's lifestyle and area of living...without frills, one could live comfortably on that in South Florida--no vacation, assuming a home is owned and bought within one's means...The problem is here people overextend--huge mortgage, two new cars, etc. Others get sucked into living beyond their means by mortgage companies. Long term owners are doing fine; those in the last three years, owe more than the house is worth, and you can guarantee they have credit card debit out the arse.
