The Market

House poor on $1m a year

By A. Ready | December 6, 2010 - 9:28AM 

Over on StreetEasy a poster complains that compared to his kid's private school crowd, he is feeling house poor on a million dollar "middle class" salary. Keeping up with the Joneses is never easy, but if you are a valued professor at Columbia U., the administration may make it a bit easier for you. An UrbanBaby poster notes, "[f]air or not, my husband teaches in the law school and they bought us our apt (they own it). It's part of the compensation package." (For lesser mortals such as English professors, the golden handcuffs are said to consist of subsidized rentals.) Before the green eye of envy overcomes you, consider this remark: "CU is super dysfunctional--housing is one of the only nice things about it, as a workplace." (StreetEasy.com; UrbanBaby.com)

 

 

 

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.
topics: