Upper NWDC homeowners
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Anonymous
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How old are you? When did you buy your house? What do you do? How much do you make?
I know, I know you’re sick of this thread. Just leave. 45yo House purchase: 2017 ($1m) Jobs: consultant (me) + gov lawyer (spouse) Income: $450k |
Anonymous
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Now: 40/42
Purchased: 2014 Price: $1.1m Jobs then: 2 GS 14s. We purchased our fist place 8 years prior and rolled all that equity plus other savings into the current home, so put down $450k at the time. Now: HHI is closer to $400k with bonuses. |
DCpetunia
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Member Offline
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Now - 48, 47
Purchased - 2015, $1.6M; sold prior house and rolled $400K of profit and other savings into new house Jobs then - Biglaw, nonprofit administrator HHI then - Over $1M I assume the avg HHI in UNW (east of Connecticut) is in the $350K range. The higher HHI seems to be across Western in CC MD. |
Anonymous
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Now: 83yo widow
Purchased: 1969 Price: $55k Job then: Husband worked at DoJ Income: about $150k from investments |
Anonymous
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Now: 31/30
Purchased: 2022 Price: $750k Income: HHI $310k |
Anonymous
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Now: 57
Purchased: 2011 Price: $425k cash (equity from previous house out of state, plus an inheritance) Job: Nonprofit administrator Income: $54k |
Anonymous
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55yo
Bought house in 2004 for 600k after selling (for a nice profit) condo that was bought in 1998 Was a GS 14 when I bought the house Been a topped-out GS 15 for a long time now Will be selling in a couple of years when I retire |
Anonymous
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42/44
11/2020 right before home prices went crazy Consultant/gov lawyer Income: 400k-ish without bonuses |
Anonymous
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44/50
Purchased in 2011 for 750k, put 345 down from the sale of a condo teacher/software engineer Income: 180k |
Anonymous
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34/35
Bought in 2019 for a hair over 1M Jobs: Professor + Lawyer (Gov) Income (then): 250K Income (now): 300K Half the new families in our neighborhood look like us |
Anonymous
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Both late 30s
Bought in late 2022 with substantial equity from sale of our first home 2.1 million HHI approximately 600k Professional services firm partner/fed |
Anonymous
Whoops - bought in late 2021 |
Anonymous
Did you have a massive down payment from a previous sale? I'm at $250HHI and would never, ever feel comfortable with a $1MM+ mortgage. |
Anonymous
Nah, just the 20% down we saved. It only took 3.5 years on our incomes. The mortgage was only 800k. 3.2x income doesn't seem high. When we bought the house (PITI) was only about 20% gross. We walk to work/daycare, so we don't have transport expenses. We have solar + SREC, so we have no utility expenses (solar covers water+gas+internet expenses). I think that is where most americans go wrong, most people we know spend thousands a year on this. We looked it up, a typical family at our income spends over 22K/year on that. We spend maybe 1-2K/year on my husband's beater from grad school for weekend hiking trips. Our spending all seems pretty conservative, considering out jobs are the least risky jobs out there. |