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Reply to "I will never be able to afford a house in Arlington "
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[quote=Anonymous][quote=Anonymous]I have lived in Arlington for 15 years, mostly as a renter. I bought a condo a couple of years ago because that’s what I can afford and I wanted to stay in Arlington for the commute and because my kids are in school here. I’m in my mid 40s. I’m a single mom. Income of $170k. Even if I sell this condo in a few years and break even or make a small profit and am able to roll that money into a down payment on a larger home, I will never be able to afford the monthly payment on a larger home because my income isn’t going up. I’m maxed out as a GS15. So my choices are live in a condo forever, change jobs, or move further out, right? There is no property ladder for me.[/quote] Yes, live in condo forever, change jobs to afford Arlington house, or move further out. You've maxed out your options in Arlington. You can move out, but your kids will have to change schools. These are the choices you'll have to make. That's life in this area. [/quote]
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