Reply to The seven paths to DC-area home ownership

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[quote=Anonymous][quote=Anonymous]OP here again. 17:24 just crushed me! As I was reading it though it DID clarify something for me - it is about choices. Just not in the way they presented it.

First off, our rent is really low for the area... less than I'd like to share here so thats been a big factor in staying put. And we like the area - its an easy bike commute to work for me. But its not like we live here just to be close to restaurants and bars (that we rarely frequent anymore).

The trouble is that we have one foot in the DC world and one foot in the FFX world (DW's job). A move to FFX to rent in the meantime would be trading one bad commute for another without much upside on the savings front.

Getting back to my point - for us the choice is looking like spending a greater portion on housing and deferring savings for retirement and college until the kids are in school.

So yes I see how we could afford more than $375k, but I'd be lying if I said going up to $500k+ wouldnt make me crazy anxious.[/quote]

Op, that post was the best advice you could get. Take it. Go find an area near your wife's job and buy.  This is about taking a risk (a calculated one) vs taking the easier, more comfortable route. You sound wedded to the idea of YOUR short commute (what about your wife?) and your location. That's fine, but if you stick with that, you'll be renting forever.  Ps, it doesn't matter how cheap your rent is: paying rent is throwing money away.[/quote]

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