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A comment on $500k a Year yet Struggling? Let's Do a Double Take. Parent comment

Re:$500k a Year yet Struggling? Let's Do a Double Take by akgerber on Thursday May 16, 2019 @04:09PM (#19932612)
$10k a month is $120k a year which is around 20% of the stated income, and a significant proportion of it is paying down principal, which is to say, building wealth.

2 or 3 years of wealthbuilding at that rate is enough to pay for the median American house in cash.

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Re:$500k a Year yet Struggling? Let's Do a Double Take by dariusj18 on Thursday May 16, 2019 @04:42PM (#19932989)
Right, but I'm not referencing the mortgage, I'm referencing the "other expenses" line item that the person I was responding to seemingly though could be accounted for with the expenses of having a home.

But someone else pointed out that the figure reflects other things anyway.

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