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Reply to "What income is needed to live the american dream - close in DC area?"
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[quote=Anonymous]All depends on downpayment. My new neighbor on homes.com I can see they put down 1.3 million on a 1.8 million home. Some credit unions can get a 5.25 5 year ARM so 500k at 5.25 is not bad. Now imagine they put down only 300k and had a fixed rate 1.5 million mortgage at 5.75, Some of new neighbors are trading up, crypto money, stock appreciation, help from mom and Dad so on 250k the live the life of a richer person [/quote]
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