Reply to What can we realistically buy with $250K HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Depends on your debt and expenses, and your down payment. 
A general number is 3x gross salary. But if you have a ton of debt, less than that. 
Will your income grow in the next 3 years? If so, I’d do 1M now. [/quote]

3x gross salary is outdated and not remotely realistic anymore for the non-wealthy. [/quote]

Oh Please. She’s not getting anything under that. You have no idea if OP is at 250 HHI and stuck there, or 250 mid 30s with a potential climb to 400.[/quote]

What? I mean that most people realistically spend way more than 3x gross salary because it is necessary unless they want to live in a tiny dumpy condo forever. [/quote]

OP makes $250K, 3 times that is $750K.  There are lots of good options for $750K in this area.  [/quote]

Where?

I just took a quick look for SFH in Herndon, Reston, Burke, and Ashburn, basically it's all upwards of $900k.

For $750k you're talking townhouse, and it would be pretty demoralizing to earn $250k and have to live in a townhouse...[/quote]
Why it is demoralizing to live in townhouse? And the truth is even a nice townhouse is over 750k nowadays. Get a grip, 250k in this area doesn’t go far. [/quote]

Agreed, nothing wrong with a TH, granted admittedly I would prefer SFH mainly for yard for dog.

And yeah 250k HHI is nothing in this area. That's very middle class by DMV standards (and not even upper, imo upper middle class for this area is more like 400-500k HHI).[/quote]

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