Reply to $330k income - house buying

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are also two GS-15s with two kids and we spent $500k. I would be very uncomfortable spending $1.4m. [/quote]

Where the heck do you live? Manassas??[/quote]

Lorton. We bought almost 6 years ago and have done some updating since then.  I'll caveat, that if we were to sell today, our house would sell for in the mid $700s. [/quote]

Okay, listen if homes go for $700k in BFE Lorton (which is a lovely neighborhood but REALLY FAR AWAY), what options do dual-GS15 have with a closer commute and good schools?  I think they are spending st least a $1M, one way or the other (spend less close in but needs tons of work right away)[/quote]

Close in Silver Spring. Close in Tacoma Park.

For example,  https://www.realtor.com/realestateandhomes-detail/520-Ashford-Rd_Silver-Spring_MD_20910_M54127-61743?view=qv[/quote]

Again that is $800 entry price and all these old homes have $$$$ repairs and maintenance even when freshly painted.

Plus, GS 4 for Northwood would be good schools?? [/quote]

I don't know what you mean by "entry price" in looking at a house that has modern bathrooms, a very functional kitchen, a roomy foyer and living spaces, a nice yard, and is walkable to downtown Silver Spring and Metro.  I don't see any $$$ repairs based on the photos, either.  Can you clarify what you mean by that?

I don't use Great Schools as a proxy for school quality, so "GS 4" means nothing to me.  I do, however, know a lot of highly successful Northwood HS graduates and professional parents who are happy sending their kids there.[/quote]

Out of curiousity, what DO you use as a proxy for school quality? Right now your answer is a couple of anecdotes...[/quote]

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