To: I still care
"I think standard rule of thumb is don't get into a mortgage more than twice your income."
BWAHAHAHAHAHAH!!!!....then you're living in a sleeping bag on top of a steam grate here in DC!
For example: an 1100 sq ft. single family ranch built in the 50s will get you about $350K here.
So basicall I have to make $175K a year???
Please.
To: Hammerhead
Please to me too. I come from Long Island, the prices are about the same. A starter two bedroom house is over $300.
But incomes here are high also, compared to the rest of the country. Both of us worked, and I rented out a room. I hated it, but the worst is to get into a mortgage you can't afford - especially if one of you becomes disabled, like happened to us. That rental saved our tail.
To: Hammerhead
I am buying a 2400 sq ft home outside DC, reappraised at 235,000 when refinanced past July...Don't know where you get your figures, except really close into DC, and no way I'd live there...
93 posted on
01/29/2004 9:48:53 AM PST by
dakine
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