Wall Street Journal says more households move into upper middle class

[iris lilies]

Well, one of our friends' sons got married and bought a little Cape Cod outside of Boston. Tiny. They showed me pictures and it looked a lot like the Cape Cod I grew up in. They paid $600,000!! Her family has money, apparently. With a 20% down payment, that's $4000/month! On a 30-year mortgage! Now, I made good money in my prime years, but I could not have afforded $4k a month. My home, which I felt I could comfortably afford was under $2k a month. I don't get how people earn enough to live in some of these places. I wish people would go back to investing in communities like yours, IL.

key words “ outside Boston.”

well no chit Sherlock, the upper classes are centering in coastal paradise.

Just to iterate, I LOVE New England. Is super attractive but for those awful winters. And in my younger day, the real estate would’ve been beyond me, but now I can afford it mainly because I’ve lived in flyover country where real estate is cheap and I can build up assets outside of primary home.