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Reply to "How does your family survive making under 200k hhi"
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[quote=Anonymous][quote=Anonymous]Friends of our family have been renting the same house in close-in Montgomery County for 30-plus years. The amount of money they left on the table by never buying is staggering. I can't imagine a still-standing home in MoCo that isn't worth substantially more than it was 30 years ago. Or 20. [/quote] 30 years is a long time and they could have owned that house. However, reality is that when people buy - they usually buy the MOST HOUSE they can afford. That is the big problem in my opinion. Live on half your income. And then figure out what you can afford. Buy a house at the bottom of the market, not in a seller's market. And so, it might be better to rent for some years while you are waiting for the market to come down. [/quote]
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