Anonymous wrote:Anonymous wrote:In the DC area a HHI should be the goal 200k. That's 100k for 2 people or 200k for one if you prefer that model. For most college gradudates that is very easy to hit by 30-35ish
So affordable housing to me is around there
That puts the mortage payment at around 4000 a month which is selling price of around 900k
If you aren't at 200k HHI or don't see how you could get there. I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI. The DC area isn't one of them.
We make $270K and was aiming for $700K but stretched to get our current house at 750. No way in hell we could buy a $900K house nor could we afford it.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:In the DC area a HHI should be the goal 200k. That's 100k for 2 people or 200k for one if you prefer that model. For most college gradudates that is very easy to hit by 30-35ish
So affordable housing to me is around there
That puts the mortage payment at around 4000 a month which is selling price of around 900k
If you aren't at 200k HHI or don't see how you could get there. I would consider moving plenty of other areas of the country where you can be very comfortable on say 100k HHI. The DC area isn't one of them.
I must be doing something wrong.
You think thats "very easy" for "most" college graduates?With a Master's degree, I was making around $50K at age 30, around $65K by age 35 (when I had added a second Master's ), and now at 40, I make around $75K.
I will likely never make over $100K, let alone $200K.
I am single, so I rely on my income alone. I do own my home, but it is very old, very small, and in need of a lot of work.
NP. Yikes, what kind of work do you do? Twelve years ago I made $65k doing communications and I just have a bachelors.
Why even get a Masters if you’re in a field where you can’t break 100k?
I am a teacher. A Master's is pretty much the minimum at this point.