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Reply to "What HHI to feel comfortable with a family in a close-in city like Bethesda/Arlington/McLean?"
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[quote=Anonymous][quote=Anonymous]We make a decent amount, but it feels crazy to attain the American dream in our desired location. House, kids, cars, expenses - it's a lot. At what point from an income perspective do you start feeling this is doable?[/quote] When you have equity from other RE or investments. Or you are very high earning and can save DP quickly and also afford a high mtg amt adn home maintenance with RE taxes. I don’t remember a decade when non high earning or already having accumulated wealth person could afford an SFH in a premium area that’s not a dump or an apartment in a city that’s not a dumpy studio or living with roommates in a rental. I am GenX. The train of American dream has either departed long ago or people just have higher standards now and affordable housing is replaced with luxury housing in premium areas. [/quote]
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