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Real Estate
Reply to "Are we the only family in the DMV who is priced out?"
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[quote=Anonymous]OP - it's hard. I feel for you. We did an adjustable rate mortgage 8-9 yrs ago and when rates dropped we had perfect timing so that we have never had to pay much for our $1.1M home. Maybe look into adjustable rates. We figured it was worth a shot. Legally your rate can't exceed a certain amount. We just got really lucky but I don't think 7% rates right now is helping you. FWIW we have 2 kids too and no I would not move to places a lot if these posters are suggesting. I'd rather keep renting until I couldn't. You all seem to still be saving and making HHI. Who cares if you are living in a rental or if it's small? You just have to make it work for you. I'd rather save that money for a place I love. [/quote]
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