Anonymous wrote:Wrong place to ask, OP. Everyone on here is freakishly conservative. You can't buy shit for 500k.

Judging from the number of whiny "I can't afford my mortgage" and "I'm in sooo much debt" posters, it would probably behoove a lot of people to be more conservative. No point in having an expensive house if you have to work until you're 80 because you can't save toward well toward retirement or college tuition. You can buy lots of townhouses and houses for 500k in this area, but there are few that satisfy the DCUM flashy crowd.

Wrong place to ask, OP. Everyone on here is freakishly conservative. You can't buy shit for 500k.

Anonymous wrote:Silver spring lol

Lame troll is lame.

Anonymous wrote:You can comfortably afford 750 with 2000 down. Be aware that a lot of DCUM posters are extraordinarily conservative about debt. You can try every financial calculator online and they will all say this is on the conservative side of your affordability.

So what?

OP, you need to be under $600K if you want to have any emergency cushion.

200,000 rather

You can comfortably afford 750 with 2000 down. Be aware that a lot of DCUM posters are extraordinarily conservative about debt. You can try every financial calculator online and they will all say this is on the conservative side of your affordability.

Silver spring lol

What are you spending to rent? I would think a $550k mortgage would run you about $3500-4000 (with taxes and interest but before the tax deduction), which I would think is doable on 200k of income.

a mortgage of 500k is definitely doable on your income (but toward the upper limit of what i would be comfortable with, especially considering $1500/mo childcare for the next year).

what about silver spring?

We are late 20s with same HHI and no kids and are also looking for a house with the expectation that we'll have kids at some point. Having to factor in schools makes this so much more difficult!

I would expand your choice to the Silver Spring neighborhoods inside the Beltway or just north in four corners.

We're in MoCo - an looking in Chevy Chase, Kensington, North Bethesda - so BCC (dream) or Walter Johnson clusters (pretty awesome 'second choice')

Where are you looking? You can get a very nice home for 700k in fairfax county which as great schools.

2 kids, no debt, $1500 in childcare cost but only for another year, how much house can/should we afford. DH wants to buy in a small house in a really good school district but we see nothing comfortable under $750K. We would want to put down around 200K - is that home too expensive for us. Both have stable jobs.