Who can afford 800K-1M homes? Genuine Curiosity!

[Anonymous]

We bought a house for $935 this summer with 20 percent down. HHI about $310. We are both attorneys working in senior positions in nonprofits. Our oldest goes to public school, our youngest is in a nanny share. We had the downpayment money despite making consideravly less for most of the last 8 years or so from several years working in big law for DH early in his career and a $100,000 inheritance for me. No debt other than the mortgage.

[Anonymous]

Anonymous wrote:We bought a house for $935 this summer with 20 percent down. HHI about $310. We are both attorneys working in senior positions in nonprofits. Our oldest goes to public school, our youngest is in a nanny share. We had the downpayment money despite making consideravly less for most of the last 8 years or so from several years working in big law for DH early in his career and a $100,000 inheritance for me. No debt other than the mortgage.

your fine, who cares?

[Anonymous]

Anonymous wrote:

I'm at home with a baby now, and since I will probably be home more if we have a #2 or working part-time, we want to be more conservative about home price. What I can't figure out is who is buying the 900K places in Capital Hill?

Who can afford $1 million? The short answer is, two-earner couples where one parent does not quit working to stay with the baby. Harsh truth.

-- a SAHM, kicking around in a veritable ghost town up here in NW DC, 8 a.m. to 7 p.m, Mon - Fri

Not true. Most of my SAHM friends live in $800k houses. Husbands are lawyers/bankers/finance guys mostly. I think the typical salary in this house price point is $250-$300k.

[Anonymous]

Brats living off of their Mommies and Daddies, and thinking they are better than everyone because they "succeeded."
Usually they could afford around 425,000 without parents, but laugh at "those people out in Maryland."

[Anonymous]

Anonymous wrote:Brats living off of their Mommies and Daddies, and thinking they are better than everyone because they "succeeded."
Usually they could afford around 425,000 without parents, but laugh at "those people out in Maryland."

You sound very bitter and jealous.

[Anonymous]

We can afford it because we worked really hard and saved for the downpayment.
We also have two kids in private school AND NOHELP from parents.
And, don't say we're lucky - because luck really didn't have anything to do with it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We bought a house for $935 this summer with 20 percent down. HHI about $310. We are both attorneys working in senior positions in nonprofits. Our oldest goes to public school, our youngest is in a nanny share. We had the downpayment money despite making consideravly less for most of the last 8 years or so from several years working in big law for DH early in his career and a $100,000 inheritance for me. No debt other than the mortgage.

your fine, who cares?

Well, since OP asked, presumably she is interested.