I have a number of friends in Manhattan on $100k salaries. Their existence is pitiful, and need every dime they can scrounge.
My son makes $100k. The average house in Nassau County is $500k plus with taxes of $7k/yr. Obama wants even more of his money?
“A hundred grand salary isn’t enough to buy a house in most of Silicon Valley.”
Even double that salary with no large down payment is why so many of the Bay Area counties have gone from bedroom communities to commute to cities. Most younger people can’t afford to buy a home in these expensive bay area cities/counties.