Anonymous
08/22/2024 07:37
Subject: At what HHI did you love to McLean?
Anonymous wrote:Anonymous wrote:Anonymous wrote:And why? How old were you?
How much did your house cost?
Bought in 2022. Hhi 400k. House cost 2M. 35 years old. Best combination of safe neighborhood and close to dc.
What is your interest rate? How do you possibly make mortgage payments on $2m house with 400k hhi? Do you have help? Other income? Asking becuase I'm close HHI wise, but find the morgage payments (approx $6k for $900,000/$1m house with 24% or so down) a crazy stretch!
why? take home is >$18k after investing. plus maybe they had a bigger downpayment or all cash.
Anonymous
08/22/2024 06:44
Subject: At what HHI did you love to McLean?
Anonymous wrote:We are in mid 30s, bought a TH in Vienna when we got married, and then bought a SFH in McLean after having 2 kids and WFH. We paid 1.7m at 2.6%. We love McLean, much easier to drive to DC,MD, Tysons and no congested street and traffic lights like maple Avenue. Kids really like their school and preschool here too!
Similar. Sold SFH in Rest of Virginia then bought a similar (older, not McMansion) house in McLean for commute convenience, schools, and so on. A lot of State Dept workers buy in McLean, then almost immediately lease it out to cover the mortgage while they are overseas. GWP to State at Foggy Bottom is an easy commute.
Anonymous
08/21/2024 14:01
Subject: At what HHI did you love to McLean?
Anonymous wrote:Anonymous wrote:Anonymous wrote:And why? How old were you?
How much did your house cost?
Bought in 2022. Hhi 400k. House cost 2M. 35 years old. Best combination of safe neighborhood and close to dc.
What is your interest rate? How do you possibly make mortgage payments on $2m house with 400k hhi? Do you have help? Other income? Asking becuase I'm close HHI wise, but find the morgage payments (approx $6k for $900,000/$1m house with 24% or so down) a crazy stretch!
Wondering same thing??? no way you can afford a 2m mortgage on 400k
Anonymous
08/21/2024 12:36
Subject: At what HHI did you love to McLean?
Anonymous wrote:Anonymous wrote:Anonymous wrote:And why? How old were you?
How much did your house cost?
Bought in 2022. Hhi 400k. House cost 2M. 35 years old. Best combination of safe neighborhood and close to dc.
What is your interest rate? How do you possibly make mortgage payments on $2m house with 400k hhi? Do you have help? Other income? Asking becuase I'm close HHI wise, but find the morgage payments (approx $6k for $900,000/$1m house with 24% or so down) a crazy stretch!
Family $$ for large down payment would be my guess given this person is only 35. No way someone on a 400k income could afford a 2 million dollar house without a massive downpayment.