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Reply to "At odds with spouse ove how much house we can afford"
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[quote=Anonymous][quote=Anonymous][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] I think we can afford this much, hence my dilemma.[/quote] That's not a dilemma. A dilemma would be having to choose between sleeping in a shelter or pitching a tent in the woods. Trying to decide between price points above $1 million is most certainly not a dilemma. Why do people continually use the wrong word in these forums? It's flabbergasting sometimes.[/quote] I can't believe this thread is this long!! Just talk to your friggin' accountant who finds all your tax loopholes and have him tell you how much to buy... seriously... the fact you can even afford over a million is a luxury already and can buy you plenty of house in any neighborhood as far as i'm concerned...[/quote]
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