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Real Estate
Reply to "First Post -- How much house ($$$) can we afford??"
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[quote=Anonymous][quote=Anonymous]OP, I agree with the PPs. Buying a place in an area you don't yet know well isn't smart. Buying a place with a GF whose next job is not yet settled is also not smart. Come spend a year in your new assignment, decide where you want to be, and with whom, and then buy. But be sure you're going to want to stay put for a few years first.[/quote] OP here. Thanks for your suggestions. GF is long-term partner of over 18+ years, so we're in this for the long run. For the last 15 years, we've visited the DC area for 5-10 trips annually. Last year, I started spending a week every other month or so in Rockville, and GF joins me half the time. Such has given us the chance to realize that we really like the area. Also, since I'm a lifer with the federal gov't, the DC area was where I could get my GS-13, and possibly a GS-14 down the road. We've begun looking at both apartments and homes, and sad to say, rental prices are almost identical to monthly mortgages. We're just trying to find out where we should be home purchase wise, and if folks in the area follow the 2 to 2 1/2 times your HHI rule. In NYC where we're from, most folks are way over that (I'd say 3 to 4 times your HHI). We'd like to be conservative and really didn't know how other folks in the area fair out. [/quote]
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