If your HHI is less than 100k

[Anonymous]

What is your HHI?
Do you rent or own?
What is your monthly rent/mortgage payment?
How much of a mortgage did you take out?
How much did you pay for your house?

[Anonymous]

About 85k for me and 10k for husband. 95k combined usually, but more like $65k this year because of maternity leave.

We own.
Mortgage is $1400 and something, right now we pay $1500 (extra principal).
Current mortgage balance is $190k, originally borrowed about $245k in 2003 - that includes some money borrowed for construction loan (house was a foreclosure). House cost $225k. (Now worth about $650k).

Not sure your motivation in asking this question, but I think we live well. I normally save about $600 a month, plus the max for retirement accounts, save for kids college, eat out a lot (probably too much) and go on vacation/trips several times a year. We tend to be frugal when we can and have no childcare costs or debts.

[Anonymous]

50k
Own
About 1400 mortgage
We bought a fixer for 170 something

[Anonymous]

I bet most don't live in the DC area.

[Anonymous]

Anonymous wrote:50k
Own
About 1400 mortgage
We bought a fixer for 170 something

I should say fixer + foreclosure. We live in VA. I commute to DC.

[Anonymous]

Anonymous wrote:I bet most don't live in the DC area.

I agree, psoters should specify where they live

[Anonymous]

Anonymous wrote:About 85k for me and 10k for husband. 95k combined usually, but more like $65k this year because of maternity leave.

We own.
Mortgage is $1400 and something, right now we pay $1500 (extra principal).
Current mortgage balance is $190k, originally borrowed about $245k in 2003 - that includes some money borrowed for construction loan (house was a foreclosure). House cost $225k. (Now worth about $650k).

Not sure your motivation in asking this question, but I think we live well. I normally save about $600 a month, plus the max for retirement accounts, save for kids college, eat out a lot (probably too much) and go on vacation/trips several times a year. We tend to be frugal when we can and have no childcare costs or debts.

This was me and you would be "betting" wrong. I live in NW DC.

[Anonymous]

also bought before the boom.

[Anonymous]

$60k in Arlington
Own townhouse
$1300 month including HOA fee
Bought tiny townhouse for $140k foreclosure

[Anonymous]

Anonymous wrote:

Anonymous wrote:About 85k for me and 10k for husband. 95k combined usually, but more like $65k this year because of maternity leave.

We own.
Mortgage is $1400 and something, right now we pay $1500 (extra principal).
Current mortgage balance is $190k, originally borrowed about $245k in 2003 - that includes some money borrowed for construction loan (house was a foreclosure). House cost $225k. (Now worth about $650k).

Not sure your motivation in asking this question, but I think we live well. I normally save about $600 a month, plus the max for retirement accounts, save for kids college, eat out a lot (probably too much) and go on vacation/trips several times a year. We tend to be frugal when we can and have no childcare costs or debts.

This was me and you would be "betting" wrong. I live in NW DC.

you got lucky, the next generation will never experience doubling of their house value in a a few years.

[Anonymous]

Anonymous wrote:I bet most don't live in the DC area.

Hard to believe but there are whole neighborhoods of us - just not the neighborhoods that some would find acceptable.
We make $93k and own a house inside the beltway in Silver spring. We bought for $310k in 2003 with 5% down. Our mortgage payment (with taxes and fire insurance) is $1900.

[Anonymous]

Anonymous wrote:I bet most don't live in the DC area.

Walmart, Target, Whole Foods, hotels, associations, etc all have employees and managers. Where do you think they live......in Delaware? Get real.

[Anonymous]

There are plenty of people in DC who make less than $50k. Or even less than $30k.

[Anonymous]

$80K (single parent)
$1400 mortgage, including taxes and insurance, Montgomery County
tiny single-family house
Save about $450/month for retirement and $200 for college and not a penny to spare, sad to say

[Anonymous]

40K in MoCo
No mortgage, DH bought house with first DW 20+ years ago.

If it weren't for the house, we couldn't afford to live here. Wish I could convince DH to sell and move closer to Baltimore where my family is. He wants to stay because of the schools.