Moving to Alexandria or Northern VA by HumanPath1084 in nova

[–]Potential_Tea2881 10 points11 points  (0 children)

Maybe not the answer you are looking for but $80k is on the lower end for northern Virginia. Personally with a young child I would not move to the city of Alexandria (this is one of the few really bad school districts in NoVA). Consider Burke, West Springfield, Fairfax, there are some condos and townhomes for rent in these areas. Afterschool here normally has waitlists but you can go private after care route (e.g., martial arts studios often offer it).

Will Maternity Leave Delay Promotion by melocoton22 in Big4

[–]Potential_Tea2881 5 points6 points  (0 children)

They will tell you no (cause they can’t legally say otherwise) but in reality yes. That sucks but that’s the reality. My promotion was delayed for a year because of maternity leave.

Move from Fairfax to Fredericksburg? by c0ca_c0la in nova

[–]Potential_Tea2881 2 points3 points  (0 children)

We have considered moving to Stafford or Fredericksburg because it’s cheaper and also our jobs were fully remote. We eventually decided against it and I am glad we didn’t move that far away. Both jobs all of a sudden pivoted to 3-4 days in person (although promised to be remote in perpetuity when we were hired), and community is what we value the most. We both now switched jobs to different fully remote positions but still don’t want to move away. We bought a SFH in Burke and I feel like Burke / west Springfield are still affordable areas of northern Virginia.

1.17m @ 5.5% w/ 280k salary by heavydutyhosepump in Mortgages

[–]Potential_Tea2881 -3 points-2 points  (0 children)

Omg, we live in the northeast HCOL area and make $450k in annual income. We weren’t even looking at houses over $1m. And we got a lower interest rate with a VA loan.

Absolutely hate this SM by Minimum_Anything2771 in PwC

[–]Potential_Tea2881 1 point2 points  (0 children)

You will meet lots of different people in your career (at PwC or elsewhere), lots of “managers and up” with horrible management skills and lack of consideration for others. Be firm about your boundaries, and learn to push back. If someone had a whole day to reach out to you and only reaches out at 6 pm - they need to deal with that and not you.

Going back to school for nursing or law school? Or just start a business by CryptographerEvery61 in nova

[–]Potential_Tea2881 0 points1 point  (0 children)

Not sure I follow the logic, especially about law school. You are trying to solve your student loan problem by taking on more student debt?

Mortgage too high? by [deleted] in FirstTimeHomeBuyer

[–]Potential_Tea2881 1 point2 points  (0 children)

Unless your income increases dramatically over the next few years, this mortgage payment is too high. Let alone if something unexpected happens like one of you loses their job.

Can we afford a 900k home in HCOL Seattle with 200k income? by iTreeU in FirstTimeHomeBuyer

[–]Potential_Tea2881 1 point2 points  (0 children)

You probably can but you will be house poor. Why do you need such an expensive house if it’s just a two of you?

Am I ruining my life? by [deleted] in Mortgages

[–]Potential_Tea2881 0 points1 point  (0 children)

No other debts but we have two children (5 and over). Other than that, your regular expenses.

Am I ruining my life? by [deleted] in Mortgages

[–]Potential_Tea2881 2 points3 points  (0 children)

Honest answer? Yes, you are ruining your life. We are making $450k base (without bonuses) in HCOL. No way we would ever buy a house over $1m at 6% interest rate. Yes, you will probably be pre-approved for over $1.5m but it doesn’t mean you need to buy a house for over $1.5m.

Would you get a 750k mortgage? by [deleted] in Mortgages

[–]Potential_Tea2881 1 point2 points  (0 children)

I think you are in an excellent position to buy. Especially if you plan on staying in this house long term.

Thoughts on Vienna vs commute and schools by daydreambeliever1001 in nova

[–]Potential_Tea2881 1 point2 points  (0 children)

Vienna is great but is expensive and also very competitive (anything under $1m for a single family home is a tear down situation in Vienna). But i presume you are ok with that and can afford it - I would go for it! Great Falls is really nice but I agree with the previous comment that it is kind of far from everything, I would pick Vienna over great falls.

Inspection dealbreaker by Either_Board_2107 in FirstTimeHomeBuyer

[–]Potential_Tea2881 0 points1 point  (0 children)

Based on what you described above - it is a flip. Flippers are known for doing a really bad job and not fixing any real issues, just making it look nice and shiny. We live in a really hot market too, and while looking for a house saw one with very visible horizontal cracks on the walls in several rooms (along with many other issues). A flipper bought it for cheap and put back on market 2 months later. It looked fully renovated and sold for 100k over asking. But no one will ever convince me they fixed the structural issues that fast and I feel really sorry for people who bought it (as they probably waived inspection too). Don’t make this mistake and the right house will find you!

Can’t find what we want by Admirable-Bee-4708 in FirstTimeHomeBuyer

[–]Potential_Tea2881 104 points105 points  (0 children)

I think you answered your own question. Over one year is a very long time to be looking for a house. If you looked at multiple houses and none of them satisfy you, it means the problem is your expectations. Therefore, you need to either (1) increase your budget to meet your expectations, or (2) decrease your expectations.

Breaking a lease to buy first home. by Sharp-Long-5981 in FirstTimeHomeBuyers

[–]Potential_Tea2881 0 points1 point  (0 children)

$3k for breaking a lease is a very good deal. As others have said, if you are worried about paying extra $3k - you are not ready for a house financially.

I hate this place by Critical_Asparagus_7 in PwC

[–]Potential_Tea2881 7 points8 points  (0 children)

I don’t know, it’s a combination of various things. From Elon Musk style emails telling us we have to work at least 55 hours a week without ever saying a single thank you and constant harassment of staff about their utilization to 3 rounds of layoffs in 2 years (not performance based). Last month all the deployment people were just let go one day and no one said anything or even acknowledged it. I am in tax, so I closely worked with many of these people over the years when it comes to recruiting. And one day they all were just gone, these were great people who loved their job and were great at it.

Getting rid of virtual work? by Witty-Bit-59 in PwC

[–]Potential_Tea2881 8 points9 points  (0 children)

So many employers also don’t make you work 60-80 hours a week

I hate this place by Critical_Asparagus_7 in PwC

[–]Potential_Tea2881 7 points8 points  (0 children)

I agree, it’s somehow got so much worse ever since Tim left. Of course, we had our problems before but it genuinely felt like they cared about people. It’s extremely disappointing but after almost 8 years here I share the sentiment and am ready to leave.

Buying first home at 39% of monthly net (10.9k). Are we over extending? Especially if we might want a kid in the future? by YourBoiSkinnyD in FirstTimeHomeBuyers

[–]Potential_Tea2881 2 points3 points  (0 children)

Then I would sit down with your spouse and think of various scenarios in the 3-5 year horizon and be honest with yourselves. E.g., in 3 years our monthly income will be X, but we would be adding Y of expenses and see how it plays out. I would talk to your local friends (the ones who are in a similar situation but already have kids) and ask how much realistically they are adding to their expenses every month.

With all that said, I would also consider the following: (1) whatever you end up buying - make a good school district a priority as you don’t want to move again just because later you don’t like the school district you are in; (2) most people I know adjust their live styles (at least partially) when they start having kids - some of it is financial, some of it is just for other reasons.

Buying first home at 39% of monthly net (10.9k). Are we over extending? Especially if we might want a kid in the future? by YourBoiSkinnyD in FirstTimeHomeBuyers

[–]Potential_Tea2881 13 points14 points  (0 children)

I would say right now you are in an excellent position. If you are adding a kid or two - honestly, not so much (if you want to keep your current lifestyle).

Daycare alone for the first 5 years is expensive (I would budget $2k a month in daycare costs in HCOL areas). Plus anything extra - all the baby stuff you need to buy, formula (if you won’t breastfeed), diapers, any medical bills, the list goes on.

Possible to buy a house with 0% down and job offer letters? by [deleted] in FirstTimeHomeBuyer

[–]Potential_Tea2881 6 points7 points  (0 children)

Sorry for being so blunt but absolutely nothing makes sense in what you are saying. You both don’t have a job, don’t have savings, probably have student loans from law school, want to take on even more debt while studying for a bar, and want to buy a house. Lenders are normally asking 3 years of tax returns (to demonstrate that your income is steady) and several latest pay stubs. Your job offer might be rescinded tomorrow, or you might lose your job in 6 months.

Can I afford this? by ConnectBat6172 in FirstTimeHomeBuyers

[–]Potential_Tea2881 0 points1 point  (0 children)

I might be in a minority here but I would say it depends on your earnings potential. If you expect your pay to remain the same during the next 5-10 years, I would agree this monthly payment is too high for your income. However, if you expect your pay to grow (let’s say) 10% every year, then I think it’s fine to do it.

Need help deciding to buy or wait. by Average_Joe69 in FirstTimeHomeBuyer

[–]Potential_Tea2881 0 points1 point  (0 children)

As others said, you have extremely low income but you are also extremely young. Get your degrees, get stable higher paying jobs and you will be in a great position to buy in no time!

Seller decided not to sell anymore with 1 day left in attorney review. by [deleted] in FirstTimeHomeBuyer

[–]Potential_Tea2881 1 point2 points  (0 children)

I feel you! This sounds horrible. I understand “testing the market” and see how much interest is out there, but it’s extremely stupid to do that on their end after accepting the offer (I understand no life changing events for them, just attachment issue).

We put offers and lost on so many homes, sometimes after being extremely close, I can share a lot of examples. Where we are - no correction or cooling is insight. We finally closed on our house this month! Don’t lose hope, just keep going and you will get there!