Reply to What HHI to feel comfortable with a family in a close-in city like Bethesda/Arlington/McLean?

Forum Index » Money and Finances

Reply to "What HHI to feel comfortable with a family in a close-in city like Bethesda/Arlington/McLean?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]To get a real answer you first need to be more specific about how you define the American dream.  That "expenses" category is where you'll see the biggest variation in the incomes people think they need.  Also, SFH or town house?  One SAHP or both parents working (and thus needing full time child care)?  [/quote]

And you need to realize that most people chiming in to say $300k bought their homes 10-20 years ago and locked in a 3 percent mortgage.[/quote]

This is us.  Bought more then we could afford when income between the 2 of us was about $160, house was $320,000.  Same house today (and yes, we've made a lot of improvements, including more square footage which was about $300k at the time), is worth about $1.4 million today and our income is over $400k.

So my advice, stretch to buy when you are young, choose the best location you cam, because close in always goes up (I believe this to be true even with the current administration)[/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