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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In the DC area a HHI should be the goal 200k.  That's 100k for 2 people or 200k for one if you prefer that model.  For most college gradudates that is very easy to hit by 30-35ish

So affordable housing to me is around there

That puts the mortage payment at around 4000 a month which is selling price of around 900k

If you aren't at 200k HHI or don't see how you could get there.  I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI.  The DC area isn't one of them.

[/quote]

We are 32 with a HHI of 230 and our house budget is in the high 600s. We don’t have 20% to put down tho so a 4K mortgage for us is in the higher 600s. I don’t even think with 20% down a 4K mortgage equals a 900k house. [/quote]

Agreed, and this is also assuming you came out of college with no SL debt and saving 20% for a house by 30 - 35 in this area is also unrealistic.  DH and I have HHI of 210k and would never afford a 900k house. [/quote]

Here is the calculator I used

https://www.bankrate.com/calculators/mortgages/new-house-calculator.aspx

They actually said max of 950 I said 900k that is the max and yes that does include the 20% downpayment

I agree for most folks I think around 700k is much more realistic and if you have/want kids then your expenses are going to be higher and the price should come down to reflect that[/quote]

My total house payment is $3700 for a $550K mortgage, taxes, etc from last spring. There is a huge gulf between your numbers and reality.[/quote]

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