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][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 does suck if what you want is a big house. Then I would suggest moving to a cheaper city.

Also, I love the sense of entitlement that comes with making 300k as an HHI. In this area, that is two GS14/15 feds, or two middle managers of medium sized companies. (It is obviously harder to do as a single income, but the point stands.) The idea that you deserve some big house in the close in suburbs of a major city with tons of wealth shows a profound lack of perspective. You might want to see if you can work remotely and move somewhere cheaper.[/quote]

Profound lack of perspective?  Do you know how few families make $300,000 a year in this country? [/quote]

Don’t you love how on DCUM people with 300k incomes get told all the time how it’s not that much money, they don’t deserve a nice home close to work, they are lowly middle managers, etc. But then also get reamed if they call themselves middle class.

My family makes around that level of income and I think of us as fairly UMC but then plenty of posters rag as if this is working class and how dare we want a kitchen updated within the past decade. [/quote]

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