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Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Thursday February 27, 2014 @06:04PM (#7315912)
Where is all your money going? Living in a studio apartment making $110k, you should be able to save thousands of dollars a month. Sounds like a budgeting problem.
Re:Ask HN: What is really wrong with the US economy, really? by Mz on Thursday February 27, 2014 @06:07PM (#7315929)
He says: "I live in a studio apartment near Seattle. ... My biggest expenses in the last couple years have been rent, medical, and dental in that order."

Medical and dental can be really pricy. So can big city rents. Last I checked, an SRO in San Francisco was $1000/mo or more. Most areas, higher average income correlates quite closely to higher local living expenses.

So I wouldn't be so quick to judge.

Re:Ask HN: What is really wrong with the US economy, really? by bduerst on Thursday February 27, 2014 @07:14PM (#7316361)
Location is everything.

SRO was $1250 for me in SF when I was slumming it a couple years ago. That's a shared bathroom and shower for the entire floor.

Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Thursday February 27, 2014 @09:07PM (#7316813)
I don't think I'm judging, but rather asking and proposing/guessing.

Let's say his rent is $1,000/month, if that's the biggest expense then rent, medical, and dental together won't be more than $3,000/month. That's a ton of money for basic expenses, but easily doable on $110k/year with plenty left over.

Re:Ask HN: What is really wrong with the US economy, really? by tostitos1979 on Thursday February 27, 2014 @11:18PM (#7317223)
Where did you get 1K for rent? I live in CT and my rent is approx 3K for 1 bedroom + den. Income is a bit higher than OP (10K more annually).
Re:Ask HN: What is really wrong with the US economy, really? by illuminate on Thursday February 27, 2014 @11:23PM (#7317234)
~1k is what a studio costs in Seattle. I pay ~1400 for a large 2 bedroom.
Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Friday February 28, 2014 @09:15AM (#7318760)
From the "$1000/mo or more" in the comment I was replying to. The "or more" adds lots of wiggle room, but it goes both way: he might be paying more, but he surely has the option of paying less. Moving to cheaper digs is one obvious way to help out your budget.
Re:Ask HN: What is really wrong with the US economy, really? by Mz on Friday February 28, 2014 @12:29PM (#7320151)
You seem to have missed my point entirely. SRO means "single room occupancy" -- in other words a room like a dorm room where the bathroom is down the hall and shared with the rest of the floor. It's basically a walk-in closet with a bed and maybe a sink. My point was that when I lived in the Bay Area, $1k (or more) bought you a slum in SF of a sort that doesn't even exist in many places. So do not assume a studio apartment in a big city is "cheap." It isn't necessarily true. I recently saw an article on micro apartments in SF that rented for $1850 and were under 300 square feet. SF is probably more expensive than Seattle but that does not mean Seattle is cheap.
Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Friday February 28, 2014 @03:30PM (#7321265)
Well, without actually knowing where his money is going (thus why I asked) it's impossible to say. I had no trouble digging up apartment listings for Seattle studios (or bigger) under $1,000, but who knows if he's in one of those or in something more expensive.

I think you may have missed my point as well: being financially insecure as a single man making $110k/year is weird, and has to be due to individual circumstances (whether bad luck or bad planning) and has nothing to do with the economy as a whole.

Re:Ask HN: What is really wrong with the US economy, really? by Mz on Saturday March 01, 2014 @01:12PM (#7325346)
I am aware of that aspect. But having been a military wife and lived in different places, I think you are mistaken to say that "if you have X amount of money and not enough, it is just a personal problem." His remarks imply he has high-ish medical expenses. In a European country, that likely would not be a factor. And any place you live, your choices in where to live are not as wide open as you imply. Choosing to pay less on rent may involve exposure to crime or involve very long commutes, either of which can make that low rent make much less sense (driving more involves expense as well, not just gas but wear and tear, possibly higher insurance, etc). It can also simply be inappropriate housing for your needs. (I lived someplace once that went through a period with a lot of "adults only" apartments. After that was made illegal, they made those apartments available to families as well. We looked at one. The open floor plan bachelor pad failed to provide adequate privacy for me and my husband to have a sex life with small kids in the home. We looked elsewhere.)

But, when it comes down to it, I see absolutely no reason for you to dismiss his question simply because you think he has a personal problem. Whether he has a personal problem or not, there are things wrong with the big picture. I don't think it is a less legitimate question just because the asker happens to have a high income. It seems rather ass-holish to reply at all if you have no plans to talk about the thing he asked about and are merely taking this as an opportunity to talk trash about him as an individual.

Of course, that's just my personal opinion. Lots happens on HN that I don't like. I don't run the place, so whatever.

Carry on.

Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Saturday March 01, 2014 @10:44PM (#7327608)
What you see as trash talking, I see as pointing out that he may have opportunities to improve his situation by making changes.

He's making something like twice the median income of the US. Whatever his financial problems are, they're not remotely representative. Since his question is based on the assumption that his woes are due to widespread problems, I think it's entirely relevant to point out that they are not.

Re:Ask HN: What is really wrong with the US economy, really? by kevingadd on Thursday February 27, 2014 @06:16PM (#7315982)
Seattle, mid-to-late thirties = near-constantly increasing rents and increasing health expenses.

If he's actually in proper Seattle and not the surrounding area, the nearest affordable housing might be dozens of miles away from where he works, increasing his transit costs considerably.

Health insurance keeps getting more expensive, and if his plan isn't great he might be shelling out thousands of dollars a year to hit his deductibles, especially if he's not in great health.

'Sounds like a budgeting problem' is missing the point, which is that the set of unavoidable expenses - things you have to pay - keeps getting bigger and bigger, but incomes for a big chunk of the US don't grow quite as fast as that.

Re:Ask HN: What is really wrong with the US economy, really? by jseliger on Thursday February 27, 2014 @06:24PM (#7316036)
If he's actually in proper Seattle and not the surrounding area, the nearest affordable housing might be dozens of miles away from where he works, increasing his transit costs considerably.

As I wrote elsewhere in this thread, Matt Yglesias's book The Rent Is Too Damn High is good on this subject; increasing rent is not some law of nature but a result of development restrictions in many metropolitan areas, which got started in earnest in the '70s and the results of which are getting worse every year with population increases and rising returns to knowledge creation (see Steven Berlin Johnson's Where Good Ideas Come From and Edward Glaeser's The Triumph of the City for more on both).

Re:Ask HN: What is really wrong with the US economy, really? by mikeash on Thursday February 27, 2014 @09:09PM (#7316821)
It's difficult to see that point when the example given is so out of the ordinary. It's rare to be unable to save substantially on a six-figure salary while single. Whatever causes him to be unable to do so, it's unusual, and thus a bad place to start if you want to discuss general economic woes.