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Reply to "Is 300k the bare minimum income to buy a single family now?"
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[quote=Anonymous]We bought our house in McLean in 2019 for 1.25 mil, our income at that time was 300k, we are paying 2.65% interest and it’s easily manageable. Our income has increased over the years but even at 300k our mortgage was not a problem. I cannot believe how much homeownership landscape has changed in the last 6-7 years. Honestly, I wouldn’t mind prices stabilizing or even coming down somewhat, current situation is not sustainable for young people. We had no down payment help from parents but the current situation only favors people with sizable family help. It’s not in our interest to create a society of haves and have nots.[/quote]
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