Reply to I will never be able to afford a house in Arlington

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[quote=Anonymous][quote=Anonymous]I have lived in Arlington for 15 years, mostly as a renter. I bought a condo a couple of years ago because that’s what I can afford and I wanted to stay in Arlington for the commute and because my kids are in school here. I’m in my mid 40s. I’m a single mom. Income of $170k. Even if I sell this condo in a few years and break even or make a small profit and am able to roll that money into a down payment on a larger home, I will never be able to afford the monthly payment on a larger home because my income isn’t going up. I’m maxed out as a GS15. So my choices are live in a condo forever, change jobs, or move further out, right? There is no property ladder for me.[/quote]

I dont know the Arlington market but from what you say, it does seem that Arlington is too expensive for you sorry :(. a few words anyway:
- You could make the best of living in a condo: it makes sense to avoid spending so much in your house. you are a single mom, you are being smart, buying the home you can afford in the best area. I grew up in apartments in Paris and NYC. Apartment life can be great. And less stress than SFH when you dont have someone to help with all the home repair and maintenance.
- If really it is not for you and you value SFH over your neighborhood: there are a lot of great places to live in. I live in Takoma Park, you would have to pay me to move to Arlington. And i am sure most people feel the same about their own neighborhoods. You could find another great neighborhood that is cheaper than Arlington and find that you have no regrets[/quote]

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