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Real Estate
Reply to "How much house can we afford?"
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[quote=Anonymous]yes, I wouldn't go above a $500K mortgage on a $165K income in the DC area. The rest of life here it too expensive. We make $225K and have a monthly payment of $3400 (not sure of size of loan) and it's just about right--allows to save for retirement (although not that aggressively), college (although not fully--we have 3 kids), eat reasonably well, give to charity, take 1 nice vacation per year plus multiple (driving) weekends away, pay DC area rates for summer camp/extracurriculars/lessons, have a bi weekly housekeeper, etc. We use public school and don't have expensive hobbies, etc. [/quote]
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