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Reply to "How does anyone find a job that pays enough to afford a home here?"
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[quote=Anonymous]My husband and I make $300K and recently bought a $650K townhome (we bought below our means but plan to have children soon and between daycare costs/job uncertainty wanted a home we could afford on one income). A large chunk of our downpayment came from me selling a cheap condo I bought when I was 25. Hardly put anything down on it and it was a modest building in a lower cost of living area. But I sold it five years later and made $50K. I work at a big consulting firm and it makes me wonder (absent significant student loans or other debt) when my colleagues making $150-200K a year complain about not being able to afford a house. You can afford something, just not the million dollar home in Arlington! You have to start small, build equity, and work your way up. [/quote]
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