Reply to Are we the only family in the DMV who is priced out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I are early 40s, two kids, HHI 300k gross. We have a downpayment of 300k set aside but are only interested in single family homes that are not total teardowns. We are priced out and have stopped looking.

DH interviewed for a higher paying job this summer but didn't pass the second round. I'm earning the max I can earn with my qualifications. Kids in public school and we are renting right now.

Are we the only ones in this situation?[/quote]

Priced out of what?  You can comfortably afford a house but it's not what you want so stop complaining.  You can buy a $600-700K house comfortably.[/quote]

That doesn’t buy you anything someone making $300,000 with two kids would want to live in here.[/quote]

We make that amount and live in a $400K 1000 square foot house.  It's not about where you want, it's what you can afford at the time of purchase.  Time to grow up.[/quote]

Congratulations, I guess, that you don’t feel bitter that someone making your salary can only afford 1,000 sq ft. A lot of us realize it’s like this because corporations, rich people, foreigners, and foreign countries are buying land and houses for profit and pricing out Americans who earn their paychecks here. It’s frustrating and wrong.[/quote]

It's not just DC. It's happening in many parts of the country. I've said this before, but we need laws that prohibit rentals for foreign-owned properties and limits for corporate owned rentals. It will never happen due to lobbyists.[/quote]

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