Fairfax County Poll: Single Income vs Dual Income

[Nancy in Nokomis]

The only people I would like to see "bailed out" are the ones that cant pay their mortgage due to dire emergencies like hospital bills, death of a spouse, etc.

When we moved here we qualified for a $800k house. Do you think we bought a $800k house? Nooooo - we bought a $500k house because I wanted to stay home until the kids were in 1st grade and was not a greedy, spoiled person who needed the best of everything. It is possible to survive on one income -if you dont have to live way beyond your means. All you have to know is math - All these people were too dumb to add up the numbers?

When we were in our late 30s and sold our home which we had plenty of equity in it because of years and years of hard work. Who do you think bought it? A very young couple. How could the young couple afford it? Trust fund babies? Lottery winners? Noooooo - they were stupid enough to get 100% financing - now they are probably upside down like the rest of the spoiled brats.

So - maybe the couple will get a bailout with the Chosen One's plans - Where is MY bailout? Why should my taxes pay for their STUPIDITY? WHY?

[05c6400]

I agree with most that people who bought way over their heads and helped push housing prices even higher have to pay for their actions and to some extent the people that were pushing the sub prime loans to green home buyers.

I have been corrected the median household income for single is $105K and family it is $122K for 2007. Prices are dropping but it does not seem they are matching the median household single/family incomes.

[jellyben]

We live nicely on 1 income with 4 kids. We were fortunate that we did well on previous home sales and were able to put a big down payment on our current home. And since the H is military a large part of his salary is non taxed and we don't pay for healthcare. So we do OK on his 104K salary. Sure I would love a nicer car or more 'stuff', but we are felling pretty fortunate right now while so many around us are struggling.

[tgbwc]

This is an interesting read. I went ahead and answered the poll as we have our PWC home under contract and are looking at houses in FFXCo. We only asked the bank/credit union to approve what we thought we could afford...we never asked how much THEY thought we could afford. I wonder what # they would've come up with.
We are a dual income family (2 adults, one child) with probably about an avg. family income if I am guessing correctly from the previous posts.