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Reply to "Is 300k the bare minimum income to buy a single family now?"
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[quote=Anonymous]No way you can afford starter home inside beltway with kids at current rates without a lot of help or huge savings for anything decent SFH in a good neighborhood. Not incl a driveway either :) When rates were lower, for sure. Not now. Nothing in a 5 block radius to my Alexandria neighborhood is there a SFH not $1M+. I truly don't know what you do unless you make $500k+ HHI with kids. I guess you rent or live somewhere further out or in a shitty hood. I did the numbers and actually with kids prob more like needing $600k. Kids are crazy money whether daycare or older kids who need activity/camos. You do a vacation annually and unless it's a beach drive, it's going to cost you. If your kid needs anything by way of tutoring or any other kind of medical or mental support, man... [/quote]
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