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Reply to "How did you afford your $1M plus home?"
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[quote=Anonymous][quote=Anonymous] We are going to try to scrape together another $100k in downpayment over the next few years but not sure it will happen. How do you afford your $1M home? Our HHI is just over 400k but once you calculate family we need to help, nanny (we both have very long hours), etc, we're not able to sock away enough to really put together a large downplayment[/quote] We have saved more than $100K in four years, and our HHI is nowhere near $400K (more like $150K-$160K--and it was significantly less four years ago). To be fair, we don't have childcare expenses, family obligations, or loans, and our PITI + HOA fee is around $2000--but it is possible to save decent money on an average-for-this-area income. OP, is there a reason that you're so attached to Chevy Chase? Even Arlington has to be more affordable. I know it's not as close, but it really sounds like a $1M house may not be realistic for you because your other expenses are high.[/quote]
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