Reply to Why do people buy houses on the basis of 2 salaries instead of 1?

Forum Index » Money and Finances

Reply to "Why do people buy houses on the basis of 2 salaries instead of 1?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My wife and I got married right after college in 2003, and we both had good-paying jobs.  My job paid 120K/yr and 100K/yr for my wife.  We lived with my parents for six years, and saved every penny before moving out to purchase a 1.2M SFH in McLean in 2000 with a 500K down payment on a 15-year mortgage.  Now I am making 300K/yr and my wife 190K/yr. We just recently finished the mortgage payment.  My wife's salary will be enough to cover the expenses, and my salary will go into savings.  Of course, you can purchase a house in a very good neighborhood with a single salary if you're willing to live at home for five years before moving out.[/quote]

In 2003, normal people were not making $100k+ at 22 years old. [/quote]

This.

In 2003, I was making 63k a year. I finished college in 1999 and my first job paid 28,000.[/quote]

$120k/ is well into a top level GS-13, not usually something you get out of college.[/quote]

I'm not familiar with the federal service. Is GS-13 a senior position? Is it difficult to get? What's the equivalent in the private sector?just curious [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics