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Real Estate
Reply to "Question about CC/Bethesda real estate"
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[quote=Anonymous][quote=Anonymous] Current annual comp: $650K Monthly gross income: $18-20K 28/36 rule: $5Kish / month mortgage Current home value: $590K Remaining mortgage: $470K Current monthly mortgage: $2800[/quote] Where are you living now with a home value of only $590? Most people I know buying in this area are upgrading from their starter home which run $1M+ these days. As others have said, most people aren't financing the full purchase price. They've saved cash or got in early in the market. With only $120k in equity, CC/Bethesda does feel like a big jump. Still, you earn a lot and could swing more than $5k a month. [/quote]
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