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

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[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]
You have some nerve recommending this option, I hope you blushed just a little bit when you posted this link.  A coop, with a $1,400 coop fee on top of the mortgage, bankruptcy sale subject to court's approval and on the market for 160 days? In a building with iron grates on windows? Don't you think if it was such an awesome deal that it would have been snatched by now, seeing as it's been out there for almost six months?

Shame on you for posting a BS link as if it was a legitimate option.

That's before we even get to a school discussion.[/quote]

It's very obvious that PP does not actually live in a 3BR condo in Columbia Heights with a family of 5, because if she were, she would be more sympathetic and realistic in her posting.  No one in that situation would recommend a place that is a bankruptcy sale subject to court's approval.  Everyone knows that takes forever to sort out.[/quote]

You're missing the point.  There are other options besides this one listing.  Op doesn't need to live in an 800k house without access to public transportation.  [/quote]

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