General Discussion

halobeam

(5,098 posts)

9. middle class has 500k to invest in a company?

Thu Jul 21, 2022, 05:25 AM

Jul 2022

plus then they have their life savings, 401k, IRA, left to put into Fiat shares?

I thought middle class was poor, but no debt. At best?
I certainly can be wrong about this, but I can't imagine anyone in middle class having all that.

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Americans Who Can't Afford Homes Are Moving to Europe Instead [View all] brooklynite Jul 2022 OP

Keep in mind, the very poor can't even begin to afford to move to Europe. PoindexterOglethorpe Jul 2022 #1

This. n/t shrike3 Jul 2022 #24

I Don't Like RobinA Jul 2022 #30

Me neither. It makes Americans think they'd be welcome everywhere they want to go... Violet_Crumble Jul 2022 #37

+1, they can't afford a McLaren so they're buying Bentley's is the height of privileged uponit7771 Jul 2022 #36

If they can't afford a house, FoxNewsSucks Jul 2022 #2

If you have money you are welcome anywhere in the world. comradebillyboy Jul 2022 #5

That's not correct, at least not for Australia... Violet_Crumble Jul 2022 #35

incorrect in many cases Celerity Jul 2022 #39

I don't think real estate is really cheaper in Europe than here. Mr.Bill Jul 2022 #3

Housing in Europe is cheaper than the US? I'd be very surprised. comradebillyboy Jul 2022 #4

I had to move to the very red Southern California high desert to get an affordable home ripcord Jul 2022 #6

Whereabouts? bluecollar2 Jul 2022 #8

I'm in Phelan which in north of Wrightwood down in the desert ripcord Jul 2022 #26

This message was self-deleted by its author WarGamer Jul 2022 #7

middle class has 500k to invest in a company? halobeam Jul 2022 #9

Technical definition of middle class Sympthsical Jul 2022 #20

One could do that in Upper Michigan Kaleva Jul 2022 #10

Much of Upstate NY has cheap houses too although property taxes are high wishstar Jul 2022 #12

I pay a little over $1100 a year in property taxes Kaleva Jul 2022 #16

This message was self-deleted by its author WarGamer Jul 2022 #33

+10000 Celerity Jul 2022 #38

The OP was about people unable to find affordable housing here. Kaleva Jul 2022 #41

It's not like moving to the next county over DFW Jul 2022 #11

It's incrediby sad for the US- but I think we are going to be seeing a "brain drain" here Thtwudbeme Jul 2022 #14

That is an acute danger, too, but we still have an edge there DFW Jul 2022 #19

Working for a global multinational has opened my eyes JonAndKatePlusABird Jul 2022 #23

I remember reading a bio of Mary Shelley and understanding why America was so attractive shrike3 Jul 2022 #28

very much false now (and Mary Shelley? She was born in 1797, time to update your reference points) Celerity Jul 2022 #40

LOL. Of course she was born in 1797. shrike3 Jul 2022 #44

Thanks for the dose of reality. n/t shrike3 Jul 2022 #25

Thanks for the voice of experience -- and reality Hekate Jul 2022 #43

I'd go in a nano second if I was a bit younger. Joinfortmill Jul 2022 #13

My 70 yo former next door neighbor just sold his home and moved to Portugal. GoodRaisin Jul 2022 #34

Oh right, high European taxes and prices -- only rich people. betsuni Jul 2022 #15

LOL! msfiddlestix Jul 2022 #17

Many spots in Europe certainly are more affordable Victor_c3 Jul 2022 #18

Lol, they can afford a house, just not the house they WANT. WhiskeyGrinder Jul 2022 #21

Last year this same story ran, but the details were different. Jack the Greater Jul 2022 #22

I'm not sure Americans priced out of the housing market Zeitghost Jul 2022 #27

Good hunch. n/t shrike3 Jul 2022 #29

Only in the DC-Carroll Gardens social circle greenjar_01 Jul 2022 #47

Sounds very tempting. bif Jul 2022 #31

If I didn't have elderly relatives Deep State Witch Jul 2022 #32

Europe's having major troubles with heat, fires, & all that, so good luck. I know the American Dream Hekate Jul 2022 #42

Europe doesn't have the inflation? treestar Jul 2022 #45

All good as long as they still vote ! RANDYWILDMAN Jul 2022 #46