[deadc0de]

Prop 13 distorts that a lot. If you bought a house 25 years ago and now are earning 400k, yeah, you're an upper middle class.

[jedberg]

Again, you're kidding yourself. Even if you bought a new house today with no existing equity, you could easily afford $11K a month in mortgage. That's a house that's over $2M. And still have $10K a month left for other expenses.