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[quote=Anonymous][quote=Anonymous]

OP here.  I do not want to live anywhere near Tysons - yuck.  DH works kind of near to there but not actually in it and does not have to go through the worst part of it.  Considering he spent 3 hours a day commuting before this, I don't think a 45-50 min commute is that big of a deal.
1200 square feet will be enough for us for our forever home/condo/TH whatever.  
PPs are correct here mostly, we will wait and keep saving, and hope that the evil people who caused the real estate mess will get theirs. However, [b]I don't agree that a 70k income should necessarily preclude a family from owning a very modest home. [/b] Most of you already own homes and only want to see the value go up, up, up.  High home prices only benefit owners.  Wherever there are winners, there are losers.  We are paying rent - I disagree that this is throwing money away; we do need a place to live after all.  But aside from the issue of the down payment, the way most of you are putting it is that it more expensive to own than to rent a similar home, but then why on earth would anyone buy?

We will probably wait until DC2 enters kindergarten.  I just realized that's only 2.5 years away (a few months ago it seemed like forever away.)  We'll see what, if any, reasonable work opportunities come up for me.  I know that would raise our HHI - and our taxes.  Amazing, but there are families that only earn 70k with both parents working.... imagine that!

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In a high COL area like DC in addition to having no downpayment, it does mean that.  DC sucks that way and I feel your pain.  Don't sacrifice your financial future by trying to by a house you can't afford just because you think you should have one.

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