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Real Estate
Reply to "How much house can we afford?"
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[quote=Anonymous]HHI: 200k (1 fed, 1 beltway contractor, both telecommute a few days/week) Downpayment: 300k No student loan, car or CC debt. We rent out our condo in Alexandria for an amount that just covers PITI + condo fees, but there's $100k remaining on that mortgage. It's in a location and condition that we could rent it out for another 20 years with minimal issues though, so we're happy to let it ride. Children aged 5 and 7, but we're coming home from being overseas for 10 years so no idea what that entails for raising kids in DC area. We expect kids to be our second largest spending category after the house, from education, occupational therapies, extracurriculars, camps, tutors, etc. Preference is for strong well-funded public school district over private school (probably can't afford it but also we went to good public schools). Online I get ranges from $650k to $1.2 million. Any tips? [/quote]
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