Perhaps the most out-of-touch video ever

[Simfan34]

A family earning $440,000 in a $800,000 house?! Are you insane? A masochist? At the 30% rule limit they could get up to  $1.6 million, which wouldn't get them anything particularly palatial in most major metro areas. Trying to find an upscale five house in an nice town or area, at least here, is a fool's errand. I've heard maintainance comes to 0.5%-1% of the house value, which would be, what $6,000-$12,000?

Of course he could buy some land cheaply and build his own house for much more bang for his buck. Not a bad example to follow, although it would usually mean living in some far-off suburb. This won't happen in Winnetka.

And they seem to be neglecting private school, unless they are in a very good district. I don't know what school fees are like in the Chicago area, but here in New York they can cost you up to $40,000/yr.

Jaichind (who must have a lot of money saved in the bank) brings up some primarily good points but the main thing this video certainly isn't ridiculous. The sports, club dues, fundraising, seem like obvious places to cut for breathing room. But I am skeptical they'd have only one car. And God forbid what happens when one of their kids goes to Northwestern.

If I wasn't black I imagine my tuition payments would have ruined us.

[Simfan34]

Simfan, don't you think that some of that money would be better spent feeding starving children in Ethiopia?

Who do you think I am, Jeffrey Sachs?

[Simfan34]

Simfan is just determined to be penniless. He won't be the first.