[Stu from NYC]

Originally Posted by JMintzer

Exactly. My middle daughter and her husband both have good jobs (both 6 figures +), save like crazy and have a very nice nest egg set aside to buy a home. No student debt for either of them, both funding their 401Ks for retirement...

Unfortunately, they are looking in Arlington, VA, where a "fixer upper" is $750-$1 million...

Yes, they could afford the low end of that, but their mortgage payments would be $6K/month... And that doesn't include remodeling of the very dated homes...

Our daughter and son in law live in DC where a house that would go for 750 would be considered a slum and the buyer would tear it down and build new.