Reply to $750K is the new normal in desirable areas in the DMV

Forum Index » Real Estate

Reply to "$750K is the new normal in desirable areas in the DMV"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]250k hhi with a mortage of 650k or so should be perfectly manageable unless you have twin 2013 Lexuses or $150k of student loan debt.

it's when you start going to mortgages that are more than 4x income that you start getting iffy. [/quote]

This sounds nuts to me, though I am starting to think we're the exceptions in this area rather than the rule. We have a HHI over $250K and our house is worth more like $500K and we have two older used cars. No student loan debt and mortgage is nearly paid off. Living below our means has kept us secure and happy, with big retirement and college funds.[/quote]

you only live once and if you hand all your money to your children they will burn though it[/quote]

Mmmm no one said anything about "handing all the money to the kids." Personally we prefer to have a house lower than we "can" afford too. I was paying college debt into my 30s and would prefer not to have my kids do the same. We also like to travel, both now and hopefully when we retire.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics