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Reply to "At odds with spouse ove how much house we can afford"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI over 1M, you don't need to be asking this question.[/quote] Exactly. My heart bleeds for the OP. [/quote] Wow. Not asking for sympathy. Just for conflict resolution and how to go about it. If it makes everyone happier, divide everything in half or in 1/4ths- still the same problem and still trying to ascertain comfort level. How about "We make about $250K per year, have a healthy savings of $200K, but are $150K apart on how much house we can afford" What can we really afford and how do we go about it? Is that more palatable? [/quote] I basically did that kind of math since we are about 1/4th of the amounts and we had higher interests rates at the time. I think 1.2-1.3 million to be a conservative number that puts you in a price range to have a master bedroom, nice kitchen etc, possibly a tear down inside the beltway. It won't be walkable to much but atleast close to a ride on bus to the metro. I think the difference between under 1 and 1.25 to be much wider than 1.25-1.6 just because there is a floor of what it would cost to be inside the Beltway in say Bethesda and have a house that was built recently enough that it has lots of bathrooms, a garage, atleast 4 decent sized bedrooms, walk in closet, large open layout updated kitchen that opens to the family room, a man cave, and a playroom.[/quote]
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