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Real Estate
Reply to "Salary vs House Cost"
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[quote=Anonymous][quote=Anonymous]... so the options were buying or renting and paying the same in rent as in PITI. In those circumstances, and in the current market we thought it makes sense to buy. Nobody knows, but we think prices are more likely to increase than decrease over the time we are. So far so good, prices in our section of the market up 10% y.o.y. [/quote] Agree with you. We bought a house in a sought after neighborood where we were renting. Houses are equivalent but our mortgage + insurance + taxes is still 25% less that what we were paying in rent. This + low rates + the fact that prices are just starting to increase in the DC area after being flat for 6 years make me very confident prices wil keep rising.[/quote]
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