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Reply to "Is it completely hopeless? Want to buy home, no down payment."
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[quote=Anonymous]So in the best case scenario, if you were working now, you might have a . A condo or townhome could be doable in the next five years if you save diligently. You might also look in the less desirable areas of NOVA - I haven't lived there for a while, but I think it's fairly obvious that you will be completely priced out of Arlington/McLean/etc. There are cheaper condos (300-400k) that I've heard about, but they typically aren't in great shape physically and are probably smallish and definitely not in the most desirable area. This is just the reality of living in cities in with high COL. In a smaller/cheaper city, buying on $100k can be totally doable. Out of curiosity, why are you thinking about looking now? It seems like you are on the fence about going back to work, and even at $115k (w/ small down payment), buying in this area is not easy. [/quote]
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