I have a 300k position as a result of a modest investment of about $20k I made 5 years ago. Christ, I never said $300k was the modest investment and on a forum filled with software developers making 6 figures I’m sure more than a handful can invest $20k toward their future retirement.
Of course now I’ve been pelted with downvotes and no one will remember what I actually said.
I suspect that there's a relatively large body of folk that read your comment and understood your intended meaning without offence, either agreed or disagreed with it, and adjusted their personal opinion on the subject appropriately without feeling the need to argue with you about it.
Good on you for investing smartly and/or getting lucky. Hopefully you use your good fortune to somehow make the world a better place, and find
personal happiness in the process.
It's seemingly a non-sequitur, but I just remembered reading a short story in primary school English class years ago. It was about a distopian society where attractive, athletic folk had to wear ugly masks and weights to encumber them. Did anyone else read that?
What are you doing on a software board then? California houses cost at least 2-3 mil. What's the home ownership rate? Are you implying that all Californian home owners are part of some elite?
My income is in the "2%". I also entirely understand that that makes me in "the elite few".
> California houses cost at least 2-3 mil.
You mean "houses in a few select neighborhoods and locations", such as SF, more prestigious areas in LA. Also, they don't. Median SF house price: $1.4M. Sunnyvale, $1.6M.
Not "at least 2-3M". And certainly not in conjunction with this:
> implying that all Californian home owners are part of some elite
The median Californian home price is $700K. So no. But since you seem to imply that California is somehow defined as "places where homes cost $2-3M" then yes, absolutely. If you own a home worth $2M+ you are unequivocally "one of the elite". You may not be buying a new private jet every five years, but you are also entirely capable of a lifestyle that the VERY VAST majority of Americans have no chance of attaining.
For reference, a $3M mortgage with a substantial downpayment results in a mortgage payment of nearly $14,000/month, which with Jumbo loans requires an annual income in the region of $800K/year.
Please don't try to continue an argument that says that someone making just shy of a million dollars a year is somehow neither privileged nor elite.
I am stunned that people don't know that Americans are far and away outliers on the programming pay scale. Please tell me you're aware that not all programmers are in America making those crazy amounts.
And dragging them down too.
Humility is a good thing Tiptoeing near snowflakes is not,
He never mistreated or harped at anyone He just said his opinion that he likes the stock. He wasn’t shitting on poor people.