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Reply to "$900k home with $180HHI if large downpayment?"
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[quote=Anonymous][quote=Anonymous]This is OP. Thanks for your input. We are in Arlington, so the houses aren’t big, just absurdly expensive. The only reason we’re considering staying is because our child has special needs and is doing really well in her school. It feels worth extra money/a smaller house to not uproot her. The fact that it’s a smaller house seems relevant to me because we’re still paying taxes on a $900k house but the repairs are on a 3 BR, 1800 sq foot house, not on a mansion at that price.[/quote] 900k doesn’t go far in Arlington. Most of the market seems like it’s topped out and ready for a correction. I don’t know if this applies to Arlington? Also, mortgage rates are high, but it sounds like they could go higher. This is a tough call. Personally, I don’t think you make enough for a 650k mortgage, but only you truly know that.[/quote]
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