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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH and I are early 40s, two kids, HHI 300k gross. We have a downpayment of 300k set aside but are only interested in single family homes that are not total teardowns. We are priced out and have stopped looking.

DH interviewed for a higher paying job this summer but didn't pass the second round. I'm earning the max I can earn with my qualifications. Kids in public school and we are renting right now.

Are we the only ones in this situation?[/quote]

Priced out of what?  You can comfortably afford a house but it's not what you want so stop complaining.  You can buy a $600-700K house comfortably.[/quote]

That doesn’t buy you anything someone making $300,000 with two kids would want to live in here.[/quote]

Okay, but none of us are entitled to a house we can't afford.

My family bought a house in a neighborhood in NE DC that we hadn't considered because it was what we could afford. We bought at the very peak of the market in 2006.

It's not huge, but it's been a great home and neighborhood.  Well known neighborhoods are simply more expensive, but they're not necessarily better.  The key to happiness in life and in the housing market is accepting current reality.   Accepting what you can't change.  And then making decisions accordingly.

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