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Reply to "Millennial mortgage payments "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the pps are either 1. Liars. 2. Bought more than a decade ago or 3. Got major assistance from family/inheritance that they used toward down payment [/quote] Or most of the posters here live in a bubble and are completely unaware of or unwilling to consider any house outside of a few of the most highly desirable and sought after areas. The majority of people cannot afford a 4000 a month mortgage. Where do you think they live? There are neighborhoods in Montgomery county where SFH do not cost 850k.[/quote] OP here. Are those people on DCUM, though? If you look at any of the threads citing HHI on this board our HHI of $250k sounds VERY middle of the road.[/quote] Yeah again...250k is still significant for this area. Two early GS-13 Feds are only making 200k in normal agencies, 2 G-14s will get you there. We are one G-12 (soon to be G13) and fed contractor (underpaid but super safe position, FT WAH, and no stress). Our HHI is 165k. No parental help. Student loans. Daycare. We bought in PG county. Got almost 10k from the state in the form of a 0% loan. All in- taxes, mortgage, insurance- its 2600/month. Our HHI at the time, a few years ago, was lower. [/quote]
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