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Reply to "Best neighborhoods in DC/MD? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don’t be crazy and spend $2.5M unless you have $10M net worth which includes fully funded retirement, special medical fees and possible schooling for IEP child, fully funded private college for both kids (today’s cost would be close to $700k at $80k per year), and incredibly secure job with sound bill of health. Why not slum it at $1.8 and put the rest into investments?[/quote] This is depressing. By this standard, pretty much no one should be spending as much as they're currently spending on their mortgage (except if you bought long, long ago).[/quote] I don’t think we are quite up to $10m but we did buy a long time ago and have a lot of equity. Plus investments, savings, etc. If we sold a few months ago at peak peak we could afford even more but I’m assuming the market will soften by the time we sell. [/quote]
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