Reply to Is 300k the bare minimum income to buy a single family now?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You should get a roof over your head if there is (and I don’t think there is) a Great Depression coming.

Why does it have to have a 2 car garage?

To do-
—Location and home you can live with. 
—If you want specific things like a 2c garage, you’re going to have to sacrifice some other way (location, quality, yard you don’t like)
—figure out your FIXED/NEEDS. What keeps you in work? What keeps a roof over your head and utilities going? Groceries, not restaurants.
—above this number, put it all away. Try it one month and it will be so exciting. You have *everything you need.*

You have almost twice my household income, and I am a homeowner, and I am super comfortable and recognize I have everything I need too.

Stop wasting your hhi. What a gift, you should use it for a home.
[/quote]

Tired of people like this saying “my HHI is lower and I own a house no problem”. You’re old. Shut up.

Try buying a house in 2025 with no previous equity, no family help, or huge nest egg, on a 150k/yr salary in the DMV. [/quote]

Yep. I’m so sick of hearing from people on here like this. And I’m saying that as someone who did buy in 2025 and does well but who realizes I shouldn’t have to make $600K to afford a 1400 sq Ft starter house and pay for daycare for 2 kids without family $. 
[/quote]

Agreed.  And I say this as someone who is a bit older and did buy earlier, but I've watched my sister and BIL struggle to buy their first house.  Combo teacher and Fed incomes.  They stretched to buy something that didn't need a ton of work and wouldn't give them both killer commutes, a ~$700k house, but they still have one kid in daycare and literally have money for nothing else.  Our other sibling currently lives overseas and we were planning to go visit together and she can't even commit to buying a $1000 plane ticket to come with me.[/quote]

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