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Reply to "$2M home w/ $160k HHI?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What are the taxes on the home? At that price, they may Be like an income appropriate mortgage that will never end. So at local rates around here that’s $20k per year on taxes alone. Plus upkeep, dues, etc. Why be permanently house poor? Buy a million dollar house and keep some money in the bank. [/[b]quote] One million home will really make you house poor cause it requires constant attention. 2 million gets you something more decent.[/quote] [/b] Not from the DC area so I don’t know what things cost there. I do know it’s expensive. Are you saying that $1MM homes are money pits but $2MM homes are practically maintenance free?[/quote] Not sure if 2 million home is maintenance free, but 1 million home in this area is mostly craps...[/quote]
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