Anonymous wrote:

Anonymous wrote:34/35
Bought in 2019 for a hair over 1M
Jobs: Professor + Lawyer (Gov)
Income (then): 250K
Income (now): 300K

Half the new families in our neighborhood look like us

Did you have a massive down payment from a previous sale?

I'm at $250HHI and would never, ever feel comfortable with a $1MM+ mortgage.

Nah, just the 20% down we saved. It only took 3.5 years on our incomes. The mortgage was only 800k. 3.2x income doesn't seem high. When we bought the house (PITI) was only about 20% gross. We walk to work/daycare, so we don't have transport expenses. We have solar + SREC, so we have no utility expenses (solar covers water+gas+internet expenses). I think that is where most americans go wrong, most people we know spend thousands a year on this. We looked it up, a typical family at our income spends over 22K/year on that. We spend maybe 1-2K/year on my husband's beater from grad school for weekend hiking trips. Our spending all seems pretty conservative, considering out jobs are the least risky jobs out there.

Anonymous wrote:34/35
Bought in 2019 for a hair over 1M
Jobs: Professor + Lawyer (Gov)
Income (then): 250K
Income (now): 300K

Half the new families in our neighborhood look like us

Did you have a massive down payment from a previous sale?

I'm at $250HHI and would never, ever feel comfortable with a $1MM+ mortgage.

Anonymous wrote:Both late 30s
Bought in late 2022 with substantial equity from sale of our first home
2.1 million
HHI approximately 600k
Professional services firm partner/fed

Whoops - bought in late 2021

Both late 30s
Bought in late 2022 with substantial equity from sale of our first home
2.1 million
HHI approximately 600k
Professional services firm partner/fed

34/35
Bought in 2019 for a hair over 1M
Jobs: Professor + Lawyer (Gov)
Income (then): 250K
Income (now): 300K

Half the new families in our neighborhood look like us

44/50
Purchased in 2011 for 750k, put 345 down from the sale of a condo
teacher/software engineer
Income: 180k

42/44
11/2020 right before home prices went crazy
Consultant/gov lawyer
Income: 400k-ish without bonuses

55yo
Bought house in 2004 for 600k after selling (for a nice profit) condo that was bought in 1998
Was a GS 14 when I bought the house
Been a topped-out GS 15 for a long time now
Will be selling in a couple of years when I retire

Now: 57
Purchased: 2011
Price: $425k cash (equity from previous house out of state, plus an inheritance)
Job: Nonprofit administrator
Income: $54k

Now: 31/30
Purchased: 2022
Price: $750k
Income: HHI $310k

Now: 83yo widow
Purchased: 1969
Price: $55k
Job then: Husband worked at DoJ
Income: about $150k from investments

Now - 48, 47
Purchased - 2015, $1.6M; sold prior house and rolled $400K of profit and other savings into new house
Jobs then - Biglaw, nonprofit administrator
HHI then - Over $1M

I assume the avg HHI in UNW (east of Connecticut) is in the $350K range. The higher HHI seems to be across Western in CC MD.

Now: 40/42
Purchased: 2014
Price: $1.1m
Jobs then: 2 GS 14s. We purchased our fist place 8 years prior and rolled all that equity plus other savings into the current home, so put down $450k at the time.
Now: HHI is closer to $400k with bonuses.

How old are you? When did you buy your house? What do you do? How much do you make?

I know, I know you’re sick of this thread. Just leave.

45yo
House purchase: 2017 ($1m)
Jobs: consultant (me) + gov lawyer (spouse)
Income: $450k