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Reply to "How do I calculate what a house will cost in five years? Ten years?"
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[quote=Anonymous][quote=Anonymous]OP, I think even more of an X factor than home value appreciation is interest rates. There is just no way to know what interest rates will be in 5 years, and that can significantly affect monthly payment up or down. I would just save save save. Throw every bonus, tax refund, etc you can into the savings pool. Put raises into the savings pool, etc. Find ways to trim the fat and save even more. And lastly, you may want to expand your search criteria outside of WOTP DC. I know it’s not what you want to hear, but living in the suburbs has its advantages! Good luck![/quote] Thank you. It feels like we’re being responsible and saving whatever we can but just can’t catch up. Sigh. [/quote]
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