550 k in walt whitman

[Anonymous]

Anonymous wrote:550k is not middle class.

550k for a home? In the DC area, yes, middle class. It’s still high for a condo, but if we are talking about monthly mortgage, you can pay that on $100k total household income if you don’t have a lot of other debt. And $50k per person x2 in the DC area is definitely not more than middle class.

[Anonymous]

Anonymous wrote:550k is not middle class.

LOL! There was a poster in another thread claiming that her $600K home in Rockville qualified as middle class.

DH and I both work, and there is no way we could swing a 600K home. 550K on a 100K salary is actually quite high, and doesn't leave much money for college savings, retirement savings and student loan payments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:550k is not middle class.

LOL! There was a poster in another thread claiming that her $600K home in Rockville qualified as middle class.

DH and I both work, and there is no way we could swing a 600K home. 550K on a 100K salary is actually quite high, and doesn't leave much money for college savings, retirement savings and student loan payments.

Exactly. We stretched at $370K for our house. You cannot afford that on $100K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any suggestions for condos/co-ops in walt whitman?
i would think that many have HOA's that are 1000 or whereabouts.

do many middle class end up renting bc it's so expensive ?

You can find 2-bedroom units under $500K in Sumner Village. For example: https://www.redfin.com/MD/Bethesda/4974-Sentinel-Dr-20816/unit-405/home/143215289

this has 1000$ in HOA fees. what a waste.

That's why it's been on the market for 153 days. There is a huge oversupply of condos in MoCo. And, it's just going to get worse with the new accessory apartment rules, plus the overdevelopment in the County. So many condos/apartments for rent and for sale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:550k is not middle class.

LOL! There was a poster in another thread claiming that her $600K home in Rockville qualified as middle class.

DH and I both work, and there is no way we could swing a 600K home. 550K on a 100K salary is actually quite high, and doesn't leave much money for college savings, retirement savings and student loan payments.

Okay, I’m the PP who said you can afford the mortgage on that house at $100k (which is $25/hr x 2 people working F/T). It’s potentially a stretch, but DH and I own a $525k house on $110k total income. We only save a little, have one kid, and we don’t have other debt, but honestly think you still qualify as middle class around here at $150k total HHI, and that might be more comfortable and/or include another debt payment.

[Anonymous]

Anonymous wrote:There are townhouses that go for sale in Inverness ridge off seven locks and bells mill in your range. I think they’re zoned for Churchill though.

Like this one? For 672K? Originally listed for 739K!

https://www.redfin.com/MD/Potomac/8080-Inverness-Ridge-Rd-20854/home/10897660

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are townhouses that go for sale in Inverness ridge off seven locks and bells mill in your range. I think they’re zoned for Churchill though.

Like this one? For 672K? Originally listed for 739K!

https://www.redfin.com/MD/Potomac/8080-Inverness-Ridge-Rd-20854/home/10897660

This one is actually under 550k - https://www.redfin.com/MD/Rockville/7902-Inverness-Ridge-Rd-20854/home/10897055. Same area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any suggestions for condos/co-ops in walt whitman?
i would think that many have HOA's that are 1000 or whereabouts.

do many middle class end up renting bc it's so expensive ?

You can find 2-bedroom units under $500K in Sumner Village. For example: https://www.redfin.com/MD/Bethesda/4974-Sentinel-Dr-20816/unit-405/home/143215289

this has 1000$ in HOA fees. what a waste.

Looks like it has a 24-hour manned security booth? That's gotta be what's driving up those fees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any suggestions for condos/co-ops in walt whitman?
i would think that many have HOA's that are 1000 or whereabouts.

do many middle class end up renting bc it's so expensive ?

You can find 2-bedroom units under $500K in Sumner Village. For example: https://www.redfin.com/MD/Bethesda/4974-Sentinel-Dr-20816/unit-405/home/143215289

this has 1000$ in HOA fees. what a waste.

Looks like it has a 24-hour manned security booth? That's gotta be what's driving up those fees.

And it looks like no Assigned parking spaces. And a stacked washer/dryer. That is crazy. This is not NYC.

[Anonymous]

There are a number of apartment buildings along Westbard Avenue and that area is zoned for Whitman.

[Anonymous]

Bethesda Place townhouses at the end of Greentree Rd are Burning Tree/Pyle/Whitman. A smaller, not-yet-renovated model would fall around $550k. Hoa is low. Nice community.

[Anonymous]

Anonymous wrote:Bethesda Place townhouses at the end of Greentree Rd are Burning Tree/Pyle/Whitman. A smaller, not-yet-renovated model would fall around $550k. Hoa is low. Nice community.

https://www.realtor.com/realestateandhomes-detail/7344-Greentree-Rd_Bethesda_MD_20817_M61693-54504

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any suggestions for condos/co-ops in walt whitman?
i would think that many have HOA's that are 1000 or whereabouts.

do many middle class end up renting bc it's so expensive ?

You can find 2-bedroom units under $500K in Sumner Village. For example: https://www.redfin.com/MD/Bethesda/4974-Sentinel-Dr-20816/unit-405/home/143215289

this has 1000$ in HOA fees. what a waste.

That's why it's been on the market for 153 days. There is a huge oversupply of condos in MoCo. And, it's just going to get worse with the new accessory apartment rules, plus the overdevelopment in the County. So many condos/apartments for rent and for sale.

Not to mention the accent colors in each room... yikes!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:550k is not middle class.

that's true in general.
but isnt MC relative?

No, there are clear guidelines.

ok, so.. what do the well-off but not wealthy people do to get into walt whitman?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bethesda Place townhouses at the end of Greentree Rd are Burning Tree/Pyle/Whitman. A smaller, not-yet-renovated model would fall around $550k. Hoa is low. Nice community.

https://www.realtor.com/realestateandhomes-detail/7344-Greentree-Rd_Bethesda_MD_20817_M61693-54504

cute!