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Reply to "Is 300k the bare minimum income to buy a single family now?"
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[quote=Anonymous]I bought in 2018 which doesn't seem that long ago but I recognize times have changed. At the time our HHI was about $200K. We had one child in daycare. We had saved $100K for a down payment. We bought a 3 bedroom 2000 square foot townhouse near Vienna. I thought it was a starter home, but we are still there. We can easily afford it. Our income is $300K now and no more kids in daycare. We locked in a super low rate. I dont think buying a home has as much to do with your INCOME as it does your SAVINGS. If you live a life that allowed you to put aside 10 to 20% of a down-payment, I believe you can afford that property.[/quote]
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