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Real Estate
Reply to "First Post -- How much house ($$$) can we afford??"
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[quote=Anonymous]Agree with the others to rent first until you get a feel of the area, but I'll add that we have a similar HHI and bought a house for 550K. We started with a lower budget but found it impossible to find a suitable house in the area (anything under 500K gets like 20+ bids). Our mortage with 20% down is about $2,300, which is about what we'd be paying to rent a two bedroom apartment (and we have a 3 bedroom house with a finished basement and yard in a great walkable location in Takoma DC). We've saved up enough in our first year of homeownership to do a major remodel of the kitchen. So definitely doable. [/quote]
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