How does anyone find a job that pays enough to afford a home here?

[Anonymous]

https://www.zillow.com/homedetails/1322-Rhode-Island-Ave-NW-APT-6-Washington-DC-20005/35725125_zpid/

This is in a hip neighborhood in a beautiful building. How fancy does OP need? A great falls 3m mansion as single income 27 year old?

[Anonymous]

The home I live in is probably not worth 1 mil. It’s 30 mins from DC in traffic. Lower your standards.

We bought a crappy townhouse, sold it, then bought the crappy split level in the more marginal school district that we own now. Worked out fine.

That said, with interest rates as high as they are, I would rent something small close in, and take public transportation to work to save for a bit.

[Anonymous]

Anonymous wrote:You need to pay $1 million for any homes in the DC area, so you need a salary of like $500k to afford that. No one can make that much. I don’t know how anyone gets those jobs when I can’t even get accepted into the army as an officer

With your level of intelligence it’s a travesty that you’re not being offered CEO positions left, right and center.

[Anonymous]

Anonymous wrote:we are replacing our own children with cheap disposable foreign labor. our kids are not able to afford health insurance, let along buy a house.

The post features a graph showing the percentage of U.S. 30-year-olds who are both married and homeowners dropping from around 50% in 1950 to 15% in 2025, drawing on Census Bureau and Pew Research data that confirm declining marriage rates (from 90% in 1962 to 52% in 2019) and young adult homeownership (from 42% in 1982 to 29% in 2021).

this is the result of letting the investor class drive immigration to their benefit.

Poor Charlie was shouting into the wind. Trump wants to increase H1Bs.

[Anonymous]

OP, you need to move.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Out first house cost 500k and we lived in it for 11 years. You need a starter home.

Starter homes in DC are <$1M. Not everyone is willing to have a 2 car, 1 hour commute lifestyle. And you have to go REALLY far out for prices to get lower than one mil.

Oops meant >$1M obvs.

Just because you don't personally find the numerous sub-$1MM starter homes available to you acceptable doesn't mean they don't exist.

You keep crying, moaning, and renting, I'll keep building equity while I'm paying my $2,200 single family starter home mortgage that also allows me to invest thousands of spare dollars a month and let's see who gets a million dollar home first.

[Anonymous]

Look into condos, townhouses and the entire eastern side of the DC metro area. Cheaper places exist, you just have ruled them out as unacceptable.

[Anonymous]

DC is full of rent stabilized apts that are older buildings usually in second tier areas. But Adams Morgan and Columbia heights has a lot.

No pool, fitness center, parking just basic apt.

You rent a one bedroom there, get rid of cars and spend 5-10 years savings. Kinda like 100 percent of people did 30-200 years earlier.

My house I grew up in was built 1923 my parents bought it from Original owner in estate sale after Mom died of old age. They were married 1905. They both lived at home in walk up tenement apts in lower east side, cold water flats. They used wedding money and life savings to buy a 40 by 100 plot on Long Island. They then got a cold water flat apt of their owns in the slumy tenemant apt and saved every penny next 17 years till had enought to order a small 1,300 sf house of our Sears Catalog and had it assembled on the plot. She lived there till she died a very old women in 1973.

My parents who got married 1957 lived in a dumpy apt in Bronx and saved their money from 1957 to 1973 and finaly bought this house.

When my Mom died a very old lady a 22 year old girl bought the house with Parents money. Dad said good investment she and then younger sister when graduate college can live in it. Nice cute small house. The kids today dont know the blood sweat and tears it took orginal owner and my parents to get that house. Today everyone wants it right away and complains

[Anonymous]

Anonymous wrote:https://www.zillow.com/homedetails/1322-Rhode-Island-Ave-NW-APT-6-Washington-DC-20005/35725125_zpid/

This is in a hip neighborhood in a beautiful building. How fancy does OP need? A great falls 3m mansion as single income 27 year old?

A condo is such a bad investment in general, and worse in DC because if you later try to rent it out, tenants abuse the protections and you can never evict scoflows

[Anonymous]

Anonymous wrote:DC is full of rent stabilized apts that are older buildings usually in second tier areas. But Adams Morgan and Columbia heights has a lot.

No pool, fitness center, parking just basic apt.

You rent a one bedroom there, get rid of cars and spend 5-10 years savings. Kinda like 100 percent of people did 30-200 years earlier.

My house I grew up in was built 1923 my parents bought it from Original owner in estate sale after Mom died of old age. They were married 1905. They both lived at home in walk up tenement apts in lower east side, cold water flats. They used wedding money and life savings to buy a 40 by 100 plot on Long Island. They then got a cold water flat apt of their owns in the slumy tenemant apt and saved every penny next 17 years till had enought to order a small 1,300 sf house of our Sears Catalog and had it assembled on the plot. She lived there till she died a very old women in 1973.

My parents who got married 1957 lived in a dumpy apt in Bronx and saved their money from 1957 to 1973 and finaly bought this house.

When my Mom died a very old lady a 22 year old girl bought the house with Parents money. Dad said good investment she and then younger sister when graduate college can live in it. Nice cute small house. The kids today dont know the blood sweat and tears it took orginal owner and my parents to get that house. Today everyone wants it right away and complains

Unless you salary is escalating higher and higher at over 20%, you can’t save up after cash money fast enough to build wealth against ever increasing home prices. That has been the case for the last 25 years; now prices aren’t racing up but remain high, but rates are increasing pushing affordability ever out of reach.

There is no blood sweat and tears to home buying anymore, unless you count your mothers when she gave birth to you into a wealthy family who will help launch your homeownership.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Out first house cost 500k and we lived in it for 11 years. You need a starter home.

Starter homes in DC are <$1M. Not everyone is willing to have a 2 car, 1 hour commute lifestyle. And you have to go REALLY far out for prices to get lower than one mil.

Oops meant >$1M obvs.

Just because you don't personally find the numerous sub-$1MM starter homes available to you acceptable doesn't mean they don't exist.

You keep crying, moaning, and renting, I'll keep building equity while I'm paying my $2,200 single family starter home mortgage that also allows me to invest thousands of spare dollars a month and let's see who gets a million dollar home first.

+1
This is what we did. Our starter home was in a neighborhood that would send much of DCUM running for the smelling salts. That fully-paid off house helped us get into our current $1.5M home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Out first house cost 500k and we lived in it for 11 years. You need a starter home.

Starter homes in DC are <$1M. Not everyone is willing to have a 2 car, 1 hour commute lifestyle. And you have to go REALLY far out for prices to get lower than one mil.

Oops meant >$1M obvs.

Just because you don't personally find the numerous sub-$1MM starter homes available to you acceptable doesn't mean they don't exist.

You keep crying, moaning, and renting, I'll keep building equity while I'm paying my $2,200 single family starter home mortgage that also allows me to invest thousands of spare dollars a month and let's see who gets a million dollar home first.

+1
This is what we did. Our starter home was in a neighborhood that would send much of DCUM running for the smelling salts. That fully-paid off house helped us get into our current $1.5M home.

Name the neighborhood. Do you have kids?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Out first house cost 500k and we lived in it for 11 years. You need a starter home.

Starter homes in DC are <$1M. Not everyone is willing to have a 2 car, 1 hour commute lifestyle. And you have to go REALLY far out for prices to get lower than one mil.

Oops meant >$1M obvs.

Just because you don't personally find the numerous sub-$1MM starter homes available to you acceptable doesn't mean they don't exist.

You keep crying, moaning, and renting, I'll keep building equity while I'm paying my $2,200 single family starter home mortgage that also allows me to invest thousands of spare dollars a month and let's see who gets a million dollar home first.

+1
This is what we did. Our starter home was in a neighborhood that would send much of DCUM running for the smelling salts. That fully-paid off house helped us get into our current $1.5M home.

When did you buy it?

[Anonymous]

Anonymous wrote:Look into condos, townhouses and the entire eastern side of the DC metro area. Cheaper places exist, you just have ruled them out as unacceptable.

None of those will appreciate, so you are falling far behind those who bought in desirable areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look into condos, townhouses and the entire eastern side of the DC metro area. Cheaper places exist, you just have ruled them out as unacceptable.

None of those will appreciate, so you are falling far behind those who bought in desirable areas.

As I said, you have ruled them out as unacceptable. They still are homes that exist that cost less than $1 million.