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Real Estate
Reply to "Won the bid on a 900k house and now I feel sick"
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[quote=Anonymous][quote=Anonymous]Go read the stretch thread. Very apropos. What is your backup plan if one of you gets sick or laid off? Can your parents help you out? What is your careers? Maybe income will rise but a probably not so much unless you are partner track. We make almost twice as much and we settled on TH in No Arlington, but we recognize that a house can be a much better investment like yours. But housing could also be inflated so we don't pretend to know what will happen and just hedge our bets Really it comes down to your backup: can your parents help you out in a pinch? We help out our parents hence our reluctance but if you have that firewall enjoy this awesome house. [/quote] This is dc area, there are tons of jobs at the 100 to 125 mark. It's not like there is one factory that got shutdown. You'll be fine, no need to worry about one income. If you require one job at 200k or two jobs at 400k it may be more difficult [/quote]
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