Reply to How much can we afford?

Forum Index » Real Estate

Reply to "How much can we afford?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]New poster here...Reading these types of threads on DCUM has made me a bit nervous lately.  Our HHI is just upwards of $145k and we have around $130k as a downpayment.  We have child care which is our major monthly expense (about $2100), more than our current mortgage and condo fees which all told equal around $1800 a month.  But I expect that the child care expenses will decrease in a couple years (oldest is about to start kindergarten, youngest is 2) and our income will also go up (right now I work PT).  We have minimal debt in the form of student loans--no car payment, no credit card bills.  We have been looking at up to $650k as a purchase price.  Are others out there just very conservative?  I sure thought we were...we live pretty modestly (by local standards that is) and have been able to save up quite a bit of money over the past few years.  [/quote]

People on DCUM are extremely conservative.  If the dc market was like what folks on here claim is a "maximum amount" to spend then very few people would be living in the $750k-$850k houses.  And that's the low-mid end of housing in and around the beltway.

I do agree with the poster who said it depends on your lifestyle and it is really hard to generalize.  [/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