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Fairfax County Public Schools (FCPS)
Reply to "Fairfax Co. teachers can’t afford to live near where they work, report finds"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Answer $72,000 x 2 people x 70% take home \ 12 months = $8,400 Townhouse mortgage = $2,500 Daycare 2 kids = $2,800 = $8,400 - $5,300 =$3,100 $3,100 to live off of for the rest of the month without saving anything.[/quote] Don’t forget their student loans! [/quote] Should go to NVCC and a cheaper in-state and can almost pay as you go. I found a nice TH in Herndon for 450k. Herndon pyramid. 3br/2.5bth. This is all doable for a couple of 5-10 year teachers in the their early 30s. [/quote] That’s -at most- $88K at 10 years with a masters. 5 years with a bachelors is $68K. I doubt many teachers have had the extra funds to save for a down payment. $450K seems like a stretch.[/quote]
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