"... move 30-40 minutes away from work to buy a home in the 400s that's maybe 1800sqft you will be stuck spending 500-600k on a 1200sqft run down house in an area that was once considered lower class ..."
"... move 30-40 minutes away from work to buy a home in the 400s that's maybe 1800sqft you will be stuck spending 500-600k on a 1200sqft run down house in an area that was once considered lower class ..."
I'm also a higher earner. For most people that 30-40 minute drive house isn't really an option. I choose not to because that drive in rush hour is easily over an hour.
20% down, 2 bedrooms/1 bath, high interest rate, poor'ish part of town, and (for me) a struggle to make the payments. People working up in D. C. bought in Fredericksburg for an hour'ish commute.
Girl in my office is going for the hour away in the country. My main qualm is not being able to start earlier for family purposes. But itтАЩs whatever, should be able to skip the starter home in a few years
"... move 30-40 minutes away from work to buy a home in the 400s that's maybe 1800sqft you will be stuck spending 500-600k on a 1200sqft run down house in an area that was once considered lower class ..."
You described a "starter home".
I'm also a higher earner. For most people that 30-40 minute drive house isn't really an option. I choose not to because that drive in rush hour is easily over an hour.
What was your starter home and salary buying?
20% down, 2 bedrooms/1 bath, high interest rate, poor'ish part of town, and (for me) a struggle to make the payments. People working up in D. C. bought in Fredericksburg for an hour'ish commute.
Girl in my office is going for the hour away in the country. My main qualm is not being able to start earlier for family purposes. But itтАЩs whatever, should be able to skip the starter home in a few years