Reply to Stretching to Buy a home

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]By the way. Stretching doesn’t belong in the title for about a near 1%er buying a home in one of the wealthiest communities on the planet. And at less than 5 times income it isn’t the case anyway. [/quote]

So much confusing replies.  One is aghast we are paying $6000/month, other PP are like, check your privilage.

All I know is I'm just floored to even consider  spending this much for a house, but am so desperate for yard and a decent kitchen all reason has left me, hence the appeal to DCUM hive mind.[/quote]

I'm sorry but you can afford to buy a house anywhere in the DC area, so this is very easy even in the elite neighborhoods you're looking in. Just make a decision if you want to do renovations. That seems to be the issue. Otherwise, buy a new home in the $1.6M+ range which you can easily afford with your income and asset position.[/quote]

Right?!  They're worrying about a $6K mortgage payment when they're likely netting $17K a month after taxes and maxing out their TSP?  If only I could consider that a "stretch!"[/quote]

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