Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.

Bought our house before we made $250K. Also didn't want to be house poor. We also have investment property so felt like we needed more breathing room for potential repairs on two properties.

What about credit scores or general range? I'm guessing everyone is doing pretty well though some have mentioned a lot of debt.

Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.

We bought our house before we made $250000. And have no intention of moving with a 2.75% interest rate.

$2600 piti 300ish hhi. Purchased late 2020 exurban for cheap price @ 2.8. Rates were rock bottom for a couple years so it’s not super surprising to see low piti. If you bought recently, yeah you aren’t gonna see low piti

Some of these PITI numbers…this is the cost of my property tax alone. I don’t get it.

300k ish, PITI is 4k, bought in 2021.

Anonymous wrote:Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.

Just because you can doesn't mean you have to

Why is everyone here so cheap? $2,500 PITI on a $250,000 income, really?

The guidelines say you shouldn’t spend over like 35% of your income on housing, but you guys are at damn near 10%.

$3,700. HHI is $280k.

Anonymous wrote:Where do you all live with your affordable housing that costs less than a 2BR in DC?

East of the park in NWDC, small duplex that was going to be a starter home but may very well be a forever home purchased 9 years ago. When we bought, we decreased our monthly payment from renting at 2600 to owning at 2500 (has crept up a bit). Good layout but tight for a family of 4 (but not impossible). HHI was in the noted range for years. Now somewhat higher but not nearly high enough to move into something that would be maybe marginally better but would likely nearly double our PITI. It's extra tough these days.

Anonymous wrote:

Anonymous wrote:These numbers seem quite low from the DC area unless you bought more than 5-10 years ago.

Not everyone with a high income feels compelled to throw it away on a huge mortgage. Some people have other priorities in life.

+1

I'm the Kensington $hitshack pp. We live under our means and it's wonderful to not stress about money!

Anonymous wrote:These numbers seem quite low from the DC area unless you bought more than 5-10 years ago.

Most people have been in their homes that long. The majority of people in my neighborhood have been here at least that long. It’s not like people move every year or two.

Anonymous wrote:These numbers seem quite low from the DC area unless you bought more than 5-10 years ago.

Not everyone with a high income feels compelled to throw it away on a huge mortgage. Some people have other priorities in life.

$4k, but we are almost done paying off house, which we bought for $330k about 20 years ago, put $300k into it 15ish years ago, and is now worth $1.2 million. About 2 years left and it'll be paid off. For a while, although not once we refinanced to 2.85, we were paying every 2 weeks, to try and paying off sooner

These numbers seem quite low from the DC area unless you bought more than 5-10 years ago.