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Reply to "Salary vs House Cost"
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[quote=Anonymous]I am in a similar field (high professional income and high job security) but earlier career. Most friends and colleagues with $250-350k HHIs in their early to mid thirties have been buying homes in the last couple years in the $800k-$1m. I expect they are putting down 20-30%. These are folks with a decent amount of income growth ahead and they don't seem inclined to under purchase with historically low interest rates. A good portion of homes are in this price range in areas like N Arlington and they are certainly not being bought by people with multimillion dollar salaries as posters here suggest. In the end my view is also only anecdotal- I'm sure the stats are out there. [/quote]
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