Reply to I will never be able to afford a house in Arlington

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If we are all WFH how does Maryland vs VA matter for middle class folks?

I mean a middle class man with SAH wife making 150k with three older kids might have 3-4 cars in driveway and pay not much MoCO tax anyhow. Between college deductions, mortgage write off dependents and lower tax bracket might cost more tax wise in VA.

Add in higher mortgage and slightly higher property tax for sale size house may be a loss

It is only a slam dunk 100 percent high income folks in Va[/quote]

I'm a woman making $170k with 2 kids and I would not be living where I am without my husband's salary.

It would be rough to do it on my salary--and there is no way I'd be able to buy anything in close proximity to DC with 3 kids on that single salary.

My husband makes two-3 times my salary and that is how we were able to buy in Arlington.[/quote]

I can. I just put a larger downpayment down. I can’t afford a large mortgage as I am middle class. So I just figure monthly payment and adjust downpayment. I actually owned my own home on 61k a year at one point by putting 40 percent down My current home I put 60 percent down.

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If you’re truly middle class, how long did it take you to save $600,000 for a 60% down payment on an Arlington SFH. Or wait, did you actually buy 10+ years ago when the home price was $600,000 total? [/quote]

Because I bought a one bedroom coop with no parking in older building when single on a foreclosure. I lived there when after married for awhile. Then I bought a starter home that needed work and put down 40 percent. Then I paid off mortgage a bit xtra each month for 15 years then sold and bought my new place for 60 percent down. Rolling prior home and 200k savings into new home 
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