Reply to Is the missing middle fight over in Arlington?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of Arlington folks gonna be moving since they all just got fired from the DOJ/DOD/DHS[/quote]
1. Not from north Arlington. You can’t afford to live there working at those places. 
2. I highly doubt DOD is going to get rid of anyone. They might get bigger under Trump. 
3. I actually saw a law firm was looking for DOJ cast offs on LinkedIn. [/quote]

No really, housing in N Arlington was pretty affordable (all things considered) prior to 2020, and even after that, between 2020 and 2022 (before interest rates went up) it was not that bad (PITI on a 2.5% mortgage is not bad, on a 6.5% rate on the other hand, pretty bad). One could have bought a pretty decent SFH for 1.25m-1.5m before 2020 or sometime in 2020/2021, and the PITI on that would have only been around 6k (if 1.5m house and 20%). A dual income fed could easily afford that (6k aint much mall things considered). Even less if 1.25m (5k/mo PITI if 20% down). Lets say dual income feds take all in around 300k, that's net what, 225k? Dont know how their pension works but lets assume it similar to 401k and they contribute max, for simplicity 25*2, so after that they still have 175k left or around 14k/mo.

For all this stuff about housing being unaffordable, frankly it used to be quite affordable until 2022 (when mortgage rates started creeping up). [/quote]

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