Mid 20s, just got married, my wife’s income just jumped (she’s now a Controller), so our combined income just went from the mid $100,000s to the mid $200,000s in the last month.
Usually it went that after you got married, you saved for a down payment and eventually bought a house – to live in, not to make you a millionaire overnight.
These days, and living in south OC, $200,000 will hardly get you into a 2 bedroom townhouse. We’re told by everyone that we could afford more. Just cause we can get into IO/ARM/or Option ARM doesn’t mean we can actually afford the current prices.
Are we bitter? I don’t know? We just want a house to live in – we’re not looking for appreciation (like 99% of the buyers who bought the last couple of years), but we are looking for a place to live. Imagine that, people who just want to buy a home to actually live in, not to live off of… I guess that makes us sour pusses!
