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Reply to "Housing prices are nuts. Did you buy anyway?"
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[quote=Anonymous]While you pay a lot inside the beltway, you are also a bit more inoculated against market shifts too. This area is very steady with housing. People are always moving and buying and selling here. Especially with good commutes downtown. This helps a good amount of housing keep it's value, even when other areas have bubbles and crash. Yes, during the 2008 madness, people are here lost value too. The further out you were, the worse it was. Some of those areas are still recovering. But inside the Beltway recovered much much faster. You pay for that kind of security too. If another recession hits, people who live in beautiful colonial SFH that cost $300k will be much more effected than those who live in $800k colonial in this area. So it's not just a straight "this much money buys this much house" calculation.[/quote]
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