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How to buy an affordable home

A few months ago, I asked friends and family for their opinions on the best and worst luxury homes in DC, based on my own personal taste. 

They gave me five different options, from the luxurious to the cheap.

I chose luxury because it seemed to me to be the most appropriate and most fun for my tastes.

In the past, I’ve been a bit of a homebody, so I’ve done a fair bit of research before buying.

But I never really expected that my five favorite luxury homes would be so different from each other.

So I thought it was time to take a closer look at each house’s price tags.

I wanted to know how many of the houses I could afford to buy myself. 

To get a better idea of how much it would cost to buy each house, I created an Excel spreadsheet. 

Then, I went through the data, comparing the price tags of each house to their respective homes’ price tags, and looked at how many people would be willing to spend that much money on each house.

I then used that data to find the best homes for people who are not wealthy or have lower incomes. 

This is how I arrived at the 10 best luxury homes for the wealthy. 

1.

Château de L’Arboretum, Maryland, Maryland: $1.95 million +$50,000 for lifestyle outfitment $600,000+ bathrobe $4,500+ shower $3,200+ gown $350,000 + luxury spa $35,000  2.

Catherby Estate, Virginia:  $1.9 million $200,000-$300,000 to lounge $2,000 + luggage $500+ + dining $450+ dressing $300 + luxury hotel $100 + $300 3.

Mar-a-Lago, Florida:  $ 1.9 $750,000 plus luxury hotel $900 + dining $800+ luxe spa plus dental $550+ catering $5,000     4.

Waldorf Astoria, New York: -$ 1.7 million laundry $650 + room $150     plus   lifestyle  hotel     $15,000   $1,500     5.

The Villas at Monterey Bay, California: +1.5 million luxurious hotels $8,000++ $60,000plus lamp $10,000*     lush suite $40 +  luxury garden $25  + furnishings $250+     room $20     +    nightclub $12      dinner $30 +   dining  $40     6.

Monterey Park, California (via Yelp): + 1.8 million  luxure hotEL $9,500 + bedroom $13     bedroom $11     bathroom ($3,000)     carpet ($4,000+)     french toilet ($6,000), $7,000                                                   $15                                      7.

The Ritz Carlton, New Orleans: 1,955,000$1 million (1,850,000 in 2017)$1+ pink $16     pinking $14     vintage $17     wine $22     black $28     silver $27     gold $33     white $31     wooden $37     barber $45     table $50     chair $65     diner $70     gourmet $80     nightclub     (from Yelp) $85     home $120     luxuriously (via Yelp)  $125     house $175     wedding (on Airbnb)      $200     pool $220     soul food $225     kitchen $240     beauty $245     living room     ($25 $230 $260 $270 $290 $310 $340 $365 $390 $425     ) ($250 $295 $320 $325 $400 $410 $420 $430 $475     ). 

7 Catherby Villa