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Real Estate
Reply to "How are you able to afford the DC area - from an out-of-towner?"
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[quote=Anonymous][quote=Anonymous]Another out of town lurker here with a prospect to relocate. Many of you seemed to earn a bundle in the 90s before the housing boom. I was still in high school then. How do people in their early 30s and younger manage in DC?[/quote] We are early 30s, moved here 10 years ago right after college for grad school and a government job. Our HHI is a little over $250k now, and we have 2 kids, one in daycare and one in private school (not independent). We live in a mid size townhouse about 8 miles outside DC that we bought at the top of the market in late 2005 and that is worth much less now than what we paid for it. We live pretty comfortably, but we don't live in a massive house or drive luxury cars. Like others have said, it's all about your frame of reference, expectations, and choices. All of our adult life has really been spent out here so that is our frame of reference for things like housing costs, daycare costs, general costs of living. Our expectations have adjusted accordingly, and we are fine with that. It has been a lesson in what we want versus what we actually need. Like anyone, there are things that frustrate me about living here from time to time, but we really enjoy it. [/quote]
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