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Reply to "What do people mean when they say that DC is a “high cost of living“ area?"
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[quote=Anonymous]You are missing something OP. Let's use your logic. Instead of buying the 800K house, why not just buy a 1.6M house? You would just have to come up with an extra 160K for the down payment. The mortgage will cost you just an extra $3,436 per month (some of which is principal and is therefore an investment). It still doesn’t seem like it would be *all that much cheaper* to buy a 800K house than a 1.6M house. I wonder why everyone doesn't do it. You are so out of touch with reality.[/quote]
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