Reply to First Post -- How much house ($$$) can we afford??

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think 2x income is overly conservative here. FWIW I have an HHI of $125k (also expected to go up, but not too dramatically), have been renting a couple years, and am now looking to buy in the $275-400k range in MD. (We are savers and have over 20% down but want to be cautious about monthly payments at our income level.) 2x income is just...not a thing at $125k here. I am interested to hear people say money will go further in a year or two, do you really think prices will fall more than appreciation and interest rates will rise?

OP have you considered Frederick County if you work in Rockville? You can get more for your $ there. [/quote]

OP here.  We've looked at homes in southern Frederick County and couldn't be happier.  The Urbana area has some beautiful townhomes that would fit the top-end of our budget.  Also, they have stellar schools.

Though I'm curious to find out where most folks like us live ($175k-$185k HHI), and if their in so-so areas, desirable or undesirable communities.  Urbana is at the top of our list choice wise.
[/quote]

We are in your income bracket but work in DC.  We bought in Kensington near Einstein HS for $450,000.  Couldn’t be happier with our neighborhood and proximity to Wheaton, Bethesda, rockville, silver spring and DC.  Lots more options for you GF commute-wise if you are closer to DC.[/quote]

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