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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My family feels perfectly comfortable at $160K.
With 2 kids.
2K Mortgage payment.[/quote]

Unfortunately you can’t get a 2k mortgage in a good neighborhood anymore (Good neighborhood is essential for this question since "good public school" falls in line with reasonable, we’re assuming we don’t have enough money for private). You’d have to try 3-5k mortgage payment for a SFH in a decent school district with the current rates and house prices. [/quote]

Good is subjective but you absolutely can.  We also live very comfortably and had a $2K mortgage.  We worked hard to pay it off and now very comfortable with no mortgage.  [/quote]

You seemed to have missed the point- considering you already paid off your $2k mortgage, I'm guessing you bought a long time ago, no?  When $2k per month would have been considered expensive....but what is the mortgage in your neighborhood for someone who has purchased a home recently?[/quote]

We paid around $380 for our house and had to do lots of repairs.  However, we paid in extra each month and made it a priority.  You can still get houses in that price.  Look at 20906, for example.  Ours is a very small house.  [/quote]

What would your house sell for today? We have a small house in silver spring that we paid ~$400k for 8 years ago. Comparable houses are selling for a lot more than that now.

But yeah, as PP said you need to be a bit careful with schools in that area.  A family friend who is a sub warned us against a couple ESs where she herself will turn down sub positions beyond K/1st because the behavior is out of control.  Not worth saving money for those kinds of challenges.[/quote]

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