I do own that term. I do embrace it. The fewer people living near me the better.
Having said that, those with incomes from 90-115k as stated above are not lower middle class. They're probably closer to upper middle class depending on how many kids they have. Most people in this country rate themselves as middle class even though that is not the actual case according to the math.
http://www.pewsocialtrends.org/2012/09/10/a-third-of-americans-now-say-they-are-in-the-lower-classes/
http://www.huffingtonpost.com/2015/06/02/middle-class-poll_n_7487868.html
My thought isn't necessarily related to price, but space. I think people that own or rent million dollar apartments in NYC live like rats due to the space constraints and number of people close by. It's inhumane.
So a lot size of 8000 square feet is criminal. I think the minimum lot size in town should be 1/2 acre. Just to keep some spacing and sanity. And I think that half acre lot should cost about 30-50k. There are lots of nice starter houses in Creek Meadows or wherever that seem to fit the mold of the income parameters described by posters above. But the (nice) houses practically touch roof eaves, there are 15 foot setbacks from the street, and you couldn't have friends over to visit your nice house on a culdesac because there is no room to park in the street because the driveways nearly touch.
Don't blame me. Blame the price gouging developers who build these neighborhoods with jacked up prices and profit margins, and then drive 30 minutes out of town to their 1000 acre ranches during the week and their Lakehouses on the weekends.
The developers whom I've argued with before would say that the price of developing is so high because the price of land is so high. Maybe the racetrack sells for 8 million, so that means that they want to do 5000 super tiny super expensive lots to make their profits. Somebody has to draw the line somewhere and say that a tiny lot isn't worth tons of money. A giant loss or two in this town would make the developers reevaluate their current business models to buy high and sell extremely high.
Having said that, those with incomes from 90-115k as stated above are not lower middle class. They're probably closer to upper middle class depending on how many kids they have. Most people in this country rate themselves as middle class even though that is not the actual case according to the math.
http://www.pewsocialtrends.org/2012/09/10/a-third-of-americans-now-say-they-are-in-the-lower-classes/
http://www.huffingtonpost.com/2015/06/02/middle-class-poll_n_7487868.html
My thought isn't necessarily related to price, but space. I think people that own or rent million dollar apartments in NYC live like rats due to the space constraints and number of people close by. It's inhumane.
So a lot size of 8000 square feet is criminal. I think the minimum lot size in town should be 1/2 acre. Just to keep some spacing and sanity. And I think that half acre lot should cost about 30-50k. There are lots of nice starter houses in Creek Meadows or wherever that seem to fit the mold of the income parameters described by posters above. But the (nice) houses practically touch roof eaves, there are 15 foot setbacks from the street, and you couldn't have friends over to visit your nice house on a culdesac because there is no room to park in the street because the driveways nearly touch.
Don't blame me. Blame the price gouging developers who build these neighborhoods with jacked up prices and profit margins, and then drive 30 minutes out of town to their 1000 acre ranches during the week and their Lakehouses on the weekends.
The developers whom I've argued with before would say that the price of developing is so high because the price of land is so high. Maybe the racetrack sells for 8 million, so that means that they want to do 5000 super tiny super expensive lots to make their profits. Somebody has to draw the line somewhere and say that a tiny lot isn't worth tons of money. A giant loss or two in this town would make the developers reevaluate their current business models to buy high and sell extremely high.