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Real Estate
Reply to "If Your HHI in NoVa is 250k Where Do You Live?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it just me or do these numbers sound really low? Do you guys have massive expenses like multiple kids, private school and nannies? We make waaaay less than 250k and have an 800k house! One kid. Stay at home. Public schools. More context peeps, please. Cause these numbers sound wacky without it. [/quote] these folks are just not the norm. my income is less than that and I bought my house for $940K.[/quote] How do you afford it? What are you other expenses?[/quote] Its not that hard to afford. It wasn't on the extreme end of any mortgage approval calculators, that is for sure. Lets say the monthly payment is $5,000 for everything. Well, if your income is $200K, then your take home should be around $11K or so monthly, right? You cannot live and save off of $6,000 month after housing costs are deducted? If not, why not? [/quote]
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