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Reply to "What's a decent household income to live in Bethesda?"
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[quote=Anonymous]It's a great time to refinance btw to lower your Piti. $600 a month for cars is too much at any income. We make $220k HHI (live in silver spring) and we paid ours off a while ago and are saving cash for when we replace the 12 year old car. A lot of families where you are bought their houses earlier or with family help so their PITI is much lower. If we had $350k HHI we would want for nothing. As it is we eat mostly at home since going out with the baby is not that much fun and save for trips. We also have a fixer upper but we do one big project a year and budget for that (kitchen last year and bathrooms next year). I'm also pretty handy (dw here) and can fix pretty much anything even minor plumbing and electrical. This area is expensive because there are a lot of jobs so the housing is in demand and costs more than comparable places elsewhere. You love among some of the most educated people in the country so there's that too. [/quote]
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