Reply to I used to think a million dollar house would be a mansion

Forum Index » Real Estate

Reply to "I used to think a million dollar house would be a mansion"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I must be doing something wrong with my life. 29 affording a million dollar home. Jesus![/quote]

Yeah, you weren't born to multimillionaire parents.  I can't believe the wealth here among young people.  [b]And no, being a dual fed couple or a law firm associate does not quite make it add up. [/b] No one can deny that there are a lot of people here with inherited wealth.  There is a row of new build McCraftman homes in our area that go for about $1.8 million and the couples who live there don't even look like they are in their 30s.  Wow.     [/quote]

Actually it does.  You can definitely save 300-400k over the course of 4-5 years if renting a relatively inexpensive apartment and no children in the picture. 
[/quote]

Excuse me, but where does one rent an "inexpensive apartment" in this area such that they can save 300-400K in 5 years?  Just wondering.  [/quote]

We rented a studio apartment in an older building in Ballston until July 2016 at $1,250 per month and it included utilities. We saved my entire take home of roughly $70k for 4 years and had $500k when we bought a $1,649,00 new built in Arlington.  When we moved our landlord raised rent to $1.300. [/quote]

4x70 is 280, not 500.

No way are you qualifying for a $1.2M mortgage on a $70k x2 income -- you are leaving out the part where your spouse way out earns you and your total income is likely more than two GS14s.

[b]Living in a studio? So you must have left a lot of your belongings at your parents I would guess. Sure you can live simply, but let's be real here[/b].  [/quote]

This is real. Plenty of people live in studios. Not everyone has a ton of belongings and requires a huge apartment or house in the burbs.  Especially not two successful people in their 20s or 30s who probably spend most of their time at the office or out and about.  Comments like these must come from people who grew up in middle America. [/quote]

Cue the flyover country bashing.     [/quote]

Well if you aren't aware that married couples in urban areas live in studio apartments you deserve to be bashed....[/quote]

OK. Relax. Don't get defensive.  Enjoy your studio apartment with your DH.  Hope you like him! [/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