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Real Estate
Reply to "How much house can we afford?"
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[quote=Anonymous]Where have you moved from? If you are used to new, or completely renovated homes, even with a sizable down payment, you will not get that here. With your HHI, I would not want to have a mortgage of over $500k, especially if you want to enjoy life and still save. Are you wedded to living in Virginia? How close in are you hoping to be? Do you have 2 commutes into the District, or one? There are so many factors here. If you are willing to consider Maryland, I think many people in your situation (out of towners, used to a bigger, nicer house) like living in Olney. If you want to be in close in VA, with good schools (Arlington, McLean or Falls Church) and want a renovated house, you will spend $900k. You would also spend close to $900K for what it sounds like you want in Bethesda or Chevy Chase. What is more important to your family: a shorter commute or a bigger house?[/quote]
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