$100,000 Annually, doesn't stretch as far in the DMV like it use to. SMDH!!

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My new place in DC.. Ill take the the high ass rent..lol. my wife and I still have our house, but the amenities are amazing here

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where is that? what area?
 

Problematic Pat

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You can still live nice, but you aint buying a house or saving shyt!:scust:

10 years ago, you could have a nice 3bd 2.5bath 2 car garage Townhouse and a nice SUV or 50k car and still have money to dine out and shop and trick off. :blessed:

Now, not so much. Let's say you're making 100k, that's around 2600$ bi-weekly after taxes. So you have about $5,000 monthly to work with. A nice 1br about in $2000 + utilities. That's almost half of your earnings. I was told you should only use 30% towards housing. Good thing my car is paid off, so 2000$ a month wont kill me but it's hard paying that much in rent. That use to be a good mortgage. Maybe I should buy, but i'm hoping the market corrects itself soon.

I just moved back to DC last week from Louisiana. I don't know how all these people can survive these prices, must be a lot of shacking. I didn't come back up here to not be banking and saving. My house is paid for down there, so it's weird looking at this high azz rent. I haven't paid a mortgage or rent in years. I'll see how things go for a few months, if not well, i'm heading back South.
Bmore metro definitely gonna have you looking at the DMV housing prices sideways.
 

Spade

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That area is going to get wild after they build the stacks. I don’t blame you though as that is a great area. But DC is ridiculous and it doesn’t seem like it is getting better.

You really have to go outside the beltway to get anything good and affordable. Don’t bother with Silver Spring, Bethesda, or Alexandria and Arlington as they are approaching DC prices. At the same time, I have zero desire to live outside the beltway and I am not in any rush to get a car.
 

L. Deezy

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That area is going to get wild after they build the stacks. I don’t blame you though as that is a great area. But DC is ridiculous and it doesn’t seem like it is getting better.

You really have to go outside the beltway to get anything good and affordable. Don’t bother with Silver Spring, Bethesda, or Alexandria and Arlington as they are approaching DC prices. At the same time, I have zero desire to live outside the beltway and I am not in any rush to get a car.
You right about The Stacks. Yeah, I agree about the others. I couldnt find a place that wowed me enough in Silver Spring, Arlington or Alexandria with relatively the same price range. I considered all 3 before DC.
 
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