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Reply to "Skipping starter home and buying 4-5BR house?"
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[quote=Anonymous]We bought a 6-bed, 3-bath house in Chevy Chase years before we had kids. Way too big for 2 people who were never home, but so what? An important factor, for us at least, was that school quality didn't matter. I would be hesitant to allocate everything to a down payment if I didn't have the schools piece locked down in advance. It's possible to take a real hit on transaction costs + meh sale price. You -think- you know that District real estate will just keep appreciating 17% year-to-year, but you can't be sure of how unforeseen interest rate changes might alter market value. [/quote]
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