Reply to What can we realistically buy with $250K HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on your debt and expenses, and your down payment. 
A general number is 3x gross salary. But if you have a ton of debt, less than that. 
Will your income grow in the next 3 years? If so, I’d do 1M now. [/quote]

3x gross salary is outdated and not remotely realistic anymore for the non-wealthy. [/quote]

Oh Please. She’s not getting anything under that. You have no idea if OP is at 250 HHI and stuck there, or 250 mid 30s with a potential climb to 400.[/quote]

What? I mean that most people realistically spend way more than 3x gross salary because it is necessary unless they want to live in a tiny dumpy condo forever. [/quote]

OP makes $250K, 3 times that is $750K.  There are lots of good options for $750K in this area.  [/quote]

Where?

I just took a quick look for SFH in Herndon, Reston, Burke, and Ashburn, basically it's all upwards of $900k.

For $750k you're talking townhouse, and it would be pretty demoralizing to earn $250k and have to live in a townhouse...[/quote]
Why it is demoralizing to live in townhouse? And the truth is even a nice townhouse is over 750k nowadays. Get a grip, 250k in this area doesn’t go far. [/quote]

A townhouse is a thing you buy as a starter home before you get your proper “forever” home, a SFH.

If you’re well into your career and making good money and you’re priced out of SFHs that is truly messed up.[/quote]

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