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Metropolitan DC Local Politics
Reply to "MoCo Council Vote Today"
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[quote=Anonymous]I suppose our personal finance math may differ, but two married people making a combined 140 a yr or so, I wouldnt feel comfortable with a 700k house. (thats on the low end by the way, the ones in Arlington ended up over 1M). But lets assume 700k here. You would need 140 for a down payment for an 80/20 mortgage. Then you factor in property taxes, insurance, etc etc... no effing way two teachers or two nurses are swinging that. Again-its a fairy tale story "we want affordable houses for teachers and nurses and cops!!" (then they build 700-1M triplexes, that none of those people will actually buy or be able to afford). Just admit that. [/quote]
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