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Reply to "First time homebuyer: lower-price condo or stretch for rowhouse in DC?"
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[quote=Anonymous][quote=Anonymous]Curious what you’re willing to stretch to? I’m at least a year away from buying (so not competing with you :) but didn’t think it’d be possible to buy a townhouse in the city. I’m slightly younger (26) with a 300k HHI so room for growth, but it still seemed like at current HHI there are almost no townhouses in the areas you cite that I could afford. I know it’s a personal decision but wondering if my threshold is too low[/quote] OP here — were willing to stress to 850k, which with the money we have for downpayment and low interest rates, would be around 3500/mo payment. We have no other debt. If you’re 26 and pulling in 300k...you should be fine. [/quote]
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