What is affordable housing to you?

[Anonymous]

400k or lower. I wouldn’t be comfortable with a large mortgage payment. When we bought 4 1/2 years ago I told our lender what I wanted to pay. I did not ask what they think I can afford. I refuse to be house poor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In the DC area a HHI should be the goal 200k. That's 100k for 2 people or 200k for one if you prefer that model. For most college gradudates that is very easy to hit by 30-35ish

So affordable housing to me is around there

That puts the mortage payment at around 4000 a month which is selling price of around 900k

If you aren't at 200k HHI or don't see how you could get there. I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI. The DC area isn't one of them.

I must be doing something wrong.

You think thats "very easy" for "most" college graduates? With a Master's degree, I was making around $50K at age 30, around $65K by age 35 (when I had added a second Master's ), and now at 40, I make around $75K.

I will likely never make over $100K, let alone $200K.

I am single, so I rely on my income alone. I do own my home, but it is very old, very small, and in need of a lot of work.

NP. Yikes, what kind of work do you do? Twelve years ago I made $65k doing communications and I just have a bachelors.
Why even get a Masters if you’re in a field where you can’t break 100k?

I am a teacher. A Master's is pretty much the minimum at this point.

Ah, yes, I’m sorry, teachers are terribly underpaid considering a Masters is required.

[Anonymous]

I always thought that “affordable” housing meant Section 8.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the DC area a HHI should be the goal 200k. That's 100k for 2 people or 200k for one if you prefer that model. For most college gradudates that is very easy to hit by 30-35ish

So affordable housing to me is around there

That puts the mortage payment at around 4000 a month which is selling price of around 900k

If you aren't at 200k HHI or don't see how you could get there. I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI. The DC area isn't one of them.

We make $270K and was aiming for $700K but stretched to get our current house at 750. No way in hell we could buy a $900K house nor could we afford it.

[Anonymous]

300K. In the DMV 500K. Everyone else here posting 1M is just being a sarcastic asshat.

[Anonymous]

"Affordable" is what people like me can afford. According to the generic calculators - that's about $380k.

[Anonymous]

More progress against insanity

The 11th Circuit Court of Appeals has denied a preliminary injunction against Florida’s discriminatory housing statute, SB 264. The law, which prohibits many immigrants from China and six other countries from acquiring property in the state, will remain in effect while the case is pending, the American Civil Liberties Union reported.