What income would I need to afford a 3.5 million dollar house?

Let's say I live in the DC suburbs of Virginia, and I earn about 550K a year before taxes and a spouse earns an additional 100K. This is all hypothetical. Assume no students loans or anything. Would we be able to afford a 3.5 million dollar home? In general, what income do you need to afford a house... show more Let's say I live in the DC suburbs of Virginia, and I earn about 550K a year before taxes and a spouse earns an additional 100K.

This is all hypothetical.

Assume no students loans or anything. Would we be able to afford a 3.5 million dollar home? In general, what income do you need to afford a house like this, and how does the process work?
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