Reply to What Can I Afford? Millenial Edition

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[quote=Anonymous]Hi DCUM, another "what can i afford" question. I am looking to buy a rowhouse in DC, where I've lived for awhile.

Here's my rap-sheet:

-early 30's, not married & no kids (not sure kids are for me)
-income is ~180k (160/20 for base/bonus), relatively stable and will continue to grow - but will never be 300k+ money
-No debt and own my car
-200k in my 401k/retirement, currently max out and plan to keep this up unless unfortunate circumstances arise
-175k for down payment (will put down 20% to avoid PMI)
-Will still have a buffer of 20-30k for EMF, after purchase will focus to build this up 
-Current monthly take-home = 8k and I am able to save 50% plus 100% of bonuses
-No fancy taste in clothes/cars/etc. but do enjoy city bites and pours, as well as low budget travel in the outdoors (read: camping, etc.)

I like rowhouses and would consider having a friend rent a room, but also want to make sure I am not relying on any rental income to make ends meet. There is the possibility of moving in with a partner, but its too early to count an egg before it hatches.

I have been looking for houses around 700-750 which translates to PITI of 3300 - 3500.  I don't know too many single-millenial buyers, so what are your thoughts DCUM?  Am I over-extending/crazy?

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