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Reply to "Millenial Money - House Poor in Fairfax"
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[quote=Anonymous]It’s almost like their parents gifted them the down payment and they used it to overbuy house. Unless the had equity from prior real estate purchases, in which case they just got taken advantage of by a realtor and a lender. That’s a tale as old as time. They should sell after two years and set a purchase price before they talk to another buyer’s agent. Talking to a lender blind is like talking to a car dealer blind. You’re going to get ripped off.[/quote]
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