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Reply to "Another how much PITI can we afford post"
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[quote=Anonymous][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] This listing is an example of how absolutely insane that area is to buy in right now. This home sold in March 2020 for $715k. It listed recently for $875k and sold for $960k. As far as I can tell from the listing, the only update between then and now is a new dishwasher, hot water heater, and some sort of HVAC modification. https://www.redfin.com/VA/Burke/9721-Stipp-St-22015/home/9766007[/quote] 5 bedrooms is the key thing though--those are hard to come by. I don't see the same thing happening all around that area.[/quote]
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