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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

Yep!  Exceot you can't save anymore. That is the crux of the prob. Not when a bowl of soup and noodles aha pho is $18 a bowl!!!!!   lol I mean you go to see a movie and it's like $80 for 2.  It's not about doing that it's about where we are.  Of course you don't have to eat out or go to the theater but the point is that if such little and daily things are this pricy, you bet you round little bottom, all other important things are just as pricy!

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics