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Money and Finances
Reply to "How do I calculate what a house will cost in five years? Ten years?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We're hoping to stay WOTP where there is not nearly as much room for appreciation as gentrifying neighborhoods.[/quote] With your relatively low income for your debt and desired place to live I'd just accept renting forever.[/quote] ?? They owe $90K on $270K income. They could literally pay it off this year and live on income that is still more than twice the average HHI in DC. OP, I wouldn't worry about the debt given that it's at a low interest rate, but I would aggressively save for a downpayment. When you can do 20%, see what that gets you.[/quote] Lol! They are saving 2400/mo. Where is the rest going to come from? The money tree? [/quote] They’re actually saving 1200 every two weeks, which is a little over 31,000 a year and we don’t know how much they have saved yet. OP knows it’s going to take time but it seems to be they’re doing it right. That’s not something to lol at.[/quote]
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