Would you buy a 1.2 million dollar home

[Anonymous]

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Anonymous wrote:If you don’t live in the DMV area please stop responding to financial threads. There is no way anyone with kids in this area can find a habitable house for $420k. Stop trying to fool everyone.

+1. It’s so unhelpful. It’s like us telling you to find a house for 50k.

I'm the 420k house poster. I live less than a mile outside the beltway in Moco and I consider my house habitable

How many years ago did you buy it, and how much have you invested in it since?

I bought in 2018

Only a few thousand so far

The schools have pretty good reputations btw (for the schools snobs)

So where is your SFH located? Get enough DCUM interest and your value will sky rocket.

For 420K, it's located nowhere near wear most of us would consider living.

well -- you sure are making a broad statement. And perhaps you didn't get the value of the schools you paid so much for -- the correct spelling is "where" not "wear."

Even if autocorrect didn't screw it up, doesn't change the fact that any house for $420K within an hour of DC is a total shitbox. And the person doesn't belong posting in this thread. They (you) have a completely different life and priorities that don't have anything to do with OP's.

+1. Very true.

420k buys a studio apartment in DC. You really think a 420k house is going to be nice and in a good area?

[Anonymous]

Anonymous wrote:
Even if autocorrect didn't screw it up, doesn't change the fact that any house for $420K within an hour of DC is a total shitbox. And the person doesn't belong posting in this thread. They (you) have a completely different life and priorities that don't have anything to do with OP's.

This is nonsense. I used to live in a $400k house within an hour of DC and it wasn't a shitbox.
$420k isn't even enough to buy a shitbox in DC but it can buy you a nice house in outer suburbs within an hour of DC.
Don't be stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Even if autocorrect didn't screw it up, doesn't change the fact that any house for $420K within an hour of DC is a total shitbox. And the person doesn't belong posting in this thread. They (you) have a completely different life and priorities that don't have anything to do with OP's.

This is nonsense. I used to live in a $400k house within an hour of DC and it wasn't a shitbox.
$420k isn't even enough to buy a shitbox in DC but it can buy you a nice house in outer suburbs within an hour of DC.
Don't be stupid.

Show me one listing of a house within an hour of DC that isn't a shitbox at 420K and I'll suck your dick.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Even if autocorrect didn't screw it up, doesn't change the fact that any house for $420K within an hour of DC is a total shitbox. And the person doesn't belong posting in this thread. They (you) have a completely different life and priorities that don't have anything to do with OP's.

This is nonsense. I used to live in a $400k house within an hour of DC and it wasn't a shitbox.
$420k isn't even enough to buy a shitbox in DC but it can buy you a nice house in outer suburbs within an hour of DC.
Don't be stupid.

Show me one listing of a house within an hour of DC that isn't a shitbox at 420K and I'll suck your dick.

The problem is you don’t specify 1 hr at rush hour. Haymarket is full of cheap mcmansions wit decent and you can get down town in 1 hr at 4am.

[Anonymous]

The 420k house needs cosmetic fixes and doesn't have fancy appliances or quartz counters but I'm happy with it

Sorry to all the house poor angry people in this thread I guess

[Anonymous]

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Anonymous wrote:OP: it is one income which is likely to increase in the future. Not only savings. Would have another 100k insavings outside of 401k and 529’s. Not the only home we could buy, could spend less but don’t wants to move to far out of the metro area.

$100K is not a lot in savings if you need a new HVAC or roof, or job loss. You can spend that very quickly. Or, what if you need a new car or someone gets expensive health issues.

What? HVAC is 10K
Roof is like 20K
Job loss: How quickly is job replaceable? 6 months? Fine. 1 year? Fine.
Healthcare issues: Insurance

100K is enough of a savings for shit to go south and they can keep building that up if they want, as nothing has gone south yet. That 1.2 mil house won't need an HVAC or new roof, anyway, or they won't buy it. If one of them gets cancer and can't work, presumably they have insurance for that. It's all a money game and we can't really answer OP's question without knowing all of their financial details and where the risk is.

Most insurance has co-pays and deductibles. Assuming this is a large house, a new HVAC would be $20K. Our small house was 10K. That's very risky, especially with three kids.

Dude, you got ripped off. Poor thing.