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Reply to "Rent vs Buy"
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[quote=Anonymous][quote]Owners also get the benefit of increased equity. In the case of Capitol Hill, many people have tripled or quadrupled their equity in a decade.[/quote] Right, but I think buying in Capitol Hill in the early 2000s is akin to buying Apple stock right when they were about to go bankrupt in the mid '90s. Right investment, right time. You can't generalize about the housing market based on that rapid growth in a neighborhood that rapidly gentrified being in the right place at the right time. I doubt housing prices will continue to go up the way they have in the last decade in the DC area.[/quote]
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