What can we realistically buy with $250K HHI?
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Anonymous
If you’re going as far as Woodbridge and Fredericksburg you might as well look in eastern Fauquier where there is more SFH stock in the 600-700k range. |
Anonymous
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We bought a house with a 500k mortgage in 2016 on a similar income, it was tight but we also had two daycare payments at the time. Very little wiggle room money and that was with a lower interest rate than today. We ended up leaving the area due to a job transfer and now feel much less “house poor”. Not having that huge panic over money if something goes wrong was a huge mental game changer. I would opt to buy either further out, especially with three kids.
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Anonymous
This is a little nutty - you made $250k and your housing payment (PITI) was what, $3k? That made you anxious? You can't rent for that amount! |
Anonymous
Yes, will want to see what that closes for - because it’s not going to be $900k. It’ll get torn down and replaced with a $2.5-$2.8 million new construction. |
Anonymous
Non-starter schools. |
Anonymous
If you have two working parents, Woodbridge and Fredericksburg are too far away once you get into elementary school and need to get to activities after school. Also, the schools in Woodbridge are not good. We live in Lorton and DH takes the VRE one day a week and the past 4 weeks in a row there has been some issue or another delaying his train home by 30-40 minutes. He’s going to start driving in because the delays don’t work with evening activities. I drive in one day a week because public transportation takes too long. I can hop on or off the express lanes as needed. You cannot live any further south on 95 than Lorton because otherwise you are reliant on Route 1, 95 or 123 to get over the Occoquan and all three backup during rush hour. |
Anonymous
Yes, no one attends them. 
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Anonymous
Delusional. |
Anonymous
Today Apr 18, 2024 Date Listed (Active) BRIGHT MLS #VAFX2173870 $897,500 Price Sep 1972, Sold for $45,500 Some Boomer about to make a sweet $850k profit lol. |
Anonymous
Why would that be? Not everyone is dreaming about living in a SFH. We make 600k and live in a 1.7m TH in McLean. 5000 sqft, elevator and all the niceties you can imagine. We moved there from a SFH and would never go back. |
Anonymous
I drive by it every day. It's not an attractive house. It's going to be torn down and turned into a white farmhouse with black windows like everything else in 22046 and 22043. |
Anonymous
Some millennial is a complete idiot lol! |
Anonymous
I think at the time it was like 3200, plus 2 daycares which together were just over 4000. Take home pay was about 15k, so half was going to mortgage and daycare and that truly felt tight to us. The other 7k went to retirement savings, 529 savings, food (about 1000 per month), car payment (about 500 month), gas, student loan payment, incidentals, etc. it did feel tight! |
Anonymous
As a young milenial, agreed, that poster is a damn moron. 45500 in 1972 != 45500 today (hell $1 from then is equivalent to $7.42 today). Plus actual interest expense paid, any work on the house done, transaction cost and etc, frankly the real gain will be fairly small. Some people are just too salty and blame someone else for their problems, rather than looking in themselves |
Anonymous
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If you can't afford 900K, this 3 bedroom, 2 bath condo in McLean looks good at $500K. They've made a few upgrades and everything looks like it's in good condition. The complex is older, but you can't beat the HOA fee of only $300 per month.
https://redf.in/mGCZPZ |