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Reply to "What is meant by "dual income trap?""
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[quote=Anonymous][quote=Anonymous]Are we the only ones who really need both incomes to live a decent standard of living here? (Both incomes around $75k) both jobs are stable, but we really could not have bought a house based on one income.[/quote] For me, this is the dual income trap. When so many families have two nice incomes (like you), then the price of houses get "bid up," which is what we have seen in the last 30 years in the Washington area. So, yes, you need to incomes like yours just to buy a modest single family home unless you have a leg up somehow (one of you bought a house when you were very young, money from parents, had a windfall along the way, etc).[/quote]
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