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Real Estate
Reply to "There is no housing bubble in the DC area so get over it"
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[quote=Anonymous][quote=Anonymous]I think banks are partially involved in this 'bubble' (if we want to call it this). We are another example of lending at its best - monthly income ~$4000, approved for $450K with 2% down. There is no way we could afford it if we went all the way to $450k. We are looking realistically at $300-$400k and that is a big stretch IMO, but many people don't bother to run the numbers themselves and are quick to spend what the bank tells them they can. Also, the lack of inventory almost requires you to continually look above the budget you initially set and blurs the lines of practicality.[/quote] +1[/quote]
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