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Reply to "How much house can we afford? what would the monthly mortgage payments look like?"
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[quote=Anonymous]21:14 - sensible advice, but in some cases, buying on only one salary may mean that the buyers have to buy much farther out than planned, or buy in a not-very-good school district. I'm not sure I'd take on a long commute or put my kids in bad schools just to save $500/month or whatever. In certain markets like North Arlington or Bethesda, buying on one salary isn't going to buy anything. But yes, I'd try to stick closer to $700K than $800K. You won't get an amazing house around here for that, but in a lot of areas you can get something nice.[/quote]
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