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100,000 will make you go broke in California

Discussion in 'Economics and Financials' started by padre31, Jun 28, 2009.

  1. padre31

    padre31 Premium Member Luxury Box

    99,465
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    inching to 100k posts
    http://www.mybudget360.com/100000-a...saster-broken-tax-structure-built-on-bubbles/

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    100k is not really much money in the Golden State when all is said and done.
     
    gafinfan likes this.
  2. HolliFinFan

    HolliFinFan Not a Face Painter Luxury Box

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    South Florida
    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.
     

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