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Reply to "How old where you when you bought a house here?"
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[quote=Anonymous]we were 26 when we bought a small 2 BR TH in Reston for $238K in 2003. We did a 80/15/5 mortgage, using mostly wedding gifts to put down the 5% required (we had gotten married earlier that year). we moved up to our SFH in Chantilly area last year (we were 34) for $455K, using the profit from selling our TH as a 10% downpayment (we were able to use a VA Loan) AND money to renovate the entire first level. We were incredibly lucky to have been able to sell for almost $100K more than we owed - I know a lot of people are not in that boat right now. Had we not been able to sell for a profit, we'd never be able to save enough to buy up.[/quote]
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