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Reply to "How does anyone find a job that pays enough to afford a home here?"
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[quote=Anonymous]I’m 56 and my husband and I live in a new construction house valued at $1.3M that we paid $860k for 6 yrs ago. We made a 60% down payment with equity from our previous home (a major fixer upper in a transitioning neighborhood in DC). We owned that house for 15 yrs and spent about $300k on renovations over that time period. I also previously owned a 1BR condo and a then a major fixer rowhouse I lived in with housemates and then rented out for a long time. Our HHI peaked at 280k a few yrs ago and is now $200k. So - that’s how we afford our 1.3M house. We never have made anywhere near $500k and have a mortgage payment of $2800/month. There were a lot of steps, owning 5 other properties and taking 20 years to get here. [/quote]
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