Reply to Earning Well but Drowning in Debt...how to dig out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"Our house is extremely modest and too small for a family of 5" -- yet it's worth $800K.

I don't understand this. How can something be "extremely modest" and cost $800K? We are a family of 5 living in a 3BR condo in Columbia Heights like this one, on the market for $325k, and we're doing ok.
https://www.redfin.com/DC/Washington/1429-Girard-St-NW-20009/unit-305/home/96098202

I can't wrap my head around the numbers the OP is saying. Holy moly, you earn more than three times what we do and you burn through SO MUCH every month.[/quote]

I agree.  This is exactly the kind of place OP should be living in given her childcare costs and debt.  it would afford her to pay off her student loans.  The extra 1-2n a month she would save in housing could go to the cc debt.  She could take transit to work for free since she's a fed and sell her car.  She could save a good 750 a month there.

Even better - she could hire a nanny and improve her quality of life by not having to do drop offs and pick ups for the kids.  [/quote]

Repeat, what school would the kids go to in Columbia Heights?[/quote]

Two of my kids go to a charter school and one goes to a public school. Please don't belittle someone posting at DCUM for living in DC and using DC schools.[/quote]

Right, that's fine...and that's your decision with your children's educational priorities. But why would OP give up a terrific school district (I am guessing Arlington) to move into a condo in columbia heights, where she will have to hit the lottery to get a decent charter school?  Let's be realistic. She is putting her kids' education first, and I don't blame her.[/quote]

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