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Reply to "What is affordable housing to you?"
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[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] :shock: I must be doing something wrong. You think thats "very easy" for "most" college graduates? :shock: With a Master's degree, I was making around $50K at age 30, around $65K by age 35 (when I had added a second Master's ), and now at 40, I make around $75K. I will likely [b]never[/b] make over $100K, let alone $200K. I am single, so I rely on my income alone. I do own my home, but it is very old, very small, and in need of a lot of work. [/quote] NP. Yikes, what kind of work do you do? Twelve years ago I made $65k doing communications and I just have a bachelors. Why even get a Masters if you’re in a field where you can’t break 100k?[/quote] NP. C’mon. You have to know there are plenty of fields like this, or you’re just being daft to an internet stranger for no reason. If you earn more, your circle of people likely earn more. It doesn’t mean that people who earn less don’t exist, it just means you don’t go to happy hour with them.[/quote]
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