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[quote=Anonymous][quote=Anonymous]Hi OP, we're fairly close to your income level, about same down payment and were looking in Burke/Springfield. I said were looking, because we stopped. It's impossible to find anything without getting into massive bidding wars, escalating, and basically buying a 40-50 year old house on a whim. We are risk adverse and couldn't do it. I have also had to stop working multiple times over my career, and an anticipating having to potentially do that again in the next year, so we are very fiscally conservative. [/quote]

DP: I agree that inventory is low, but the sold prices don't seem too out of normal so, sure, there are multiple bids, but it seems like they aren't escalating prices significantly.  I do know that can be a stressful situation, but you just put in your max bid, don't forego an inspection, and don't get caught up in the hype.  I think a lot of it is just psychological--you just have to establish your principles and keep to them and understand it might take a little longer and expect to put a lot of bids out there. We bought our house in a competitive time in our market with multiple bidders and this helped us--very glad we did it because prices haven't done anything but go up since.

I do think your uncertainty over your career is the bigger issue though--I wouldn't move into a house we couldn't afford without my salary if I didn't feel confident about my job either.  Good luck to you!
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