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Money and Finances
Reply to "How do I calculate what a house will cost in five years? Ten years?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We're hoping to stay WOTP where there is not nearly as much room for appreciation as gentrifying neighborhoods.[/quote] With your relatively low income for your debt and desired place to live I'd just accept renting forever.[/quote] ?? They owe $90K on $270K income. They could literally pay it off this year and live on income that is still more than twice the average HHI in DC. OP, I wouldn't worry about the debt given that it's at a low interest rate, but I would aggressively save for a downpayment. When you can do 20%, see what that gets you.[/quote] Lol! They are saving 2400/mo. Where is the rest going to come from? The money tree? [/quote]
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