Reply to Are we the only family in the DMV who is priced out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I was in the same boat, had to definitely recalibrate what I wanted versus what I could afford. We are thrilled about the town we landed in and are living in a house we are updating very slowly. It stinks, there’s no two ways about it. At least we are always super happy when we upgrade one thing! Everyone that comes over gets to look at our fancy 200amp electrical box, hah.  
One thing my realtor told me was like, “if you had a $1m budget, you’d wish you could afford $1.25. If you could afford $1.25, you’d wish you could afford $1.5.”  She told us to not look at anything we couldn’t afford, so it would be easier to fall in love with what we could afford. Ultimately, our town and non negotiable other things (no double yellow line, 0.25 acre lot) meant we comprised a bit on the house, but we gave ourselves a deadline to recalibrate and start looking into other towns if it didn’t work for us. [/quote]

OMFG realtors. They just want you to buy already, not wait out and try to find a good compromise or continue to rent. [/quote]

Shrug, I actually thought it was good advice that we needed to hear. We could’ve waited, but the interest rates shot up and we would’ve been priced out now (a year later). Our down payment and monthly budget wouldn’t have changed radically in waiting a year. [/quote]

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