[quote=Scarlett][quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
True, but what is the alternative? Even to rent a nice townhouse in UTC we need BOTH our incomes (note – with kids). So one can either piss away money on rent or stretch and hope for the best. Either way we are screwed. I think we will buy in a year or so. For us to not stretch, i.e. sustain on one decent professional salary a 4 bdr house should be like 300K. Nothing decent in a decent school district that is within 30′ of our work (La Jolla).[/quote]
I think you are there, Scarlett… If one of your salaries can carry a 300k mortgage and you have a 20-25% DP minimum. It would be easy if those things were true and you could take a somewhat tacky home and fix it gradually. I would offer 350K on this sucker, if it doesn’t have a cracked slab or something else serious.
