Reply to At odds with spouse ove how much house we can afford

Forum Index » Real Estate

Reply to "At odds with spouse ove how much house we can afford"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]What I don't understand is all of you who say that a HHI of over 1 million cannot afford a 1.7 million house  So, WHO is affording all these houses in DC/Bethesda/Chevy Chase.  Practically every house in the nice neighborhoods are over 1.2 million!  Does everyone in these neighborhoods make over 1 million?  I thought you were supposed to use some sort of calculation like 3X your annnual salary is what you can afford in house (assuming at least 20% down).  Any realtors out there want to give us an inside scoop on who is buying the "average" CC/Bethesda/NW home?
Personally - we rent an apartment and are nowhere near these numbers - so I can't relate on any level........just curious.[/quote]

And there are posters here telling OP that she is not saving enough ("read MIL. next door") and is supposed to go with her husband's number!

We make 200k, have 200k+ in cash and think we can afford about 450k home (we don't like anything in that range so we are still renting). Virtually everyone thinks we could afford more. And yet, with OP's money we would look at ~2 mil easily. Even more than that, if the house is right.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics