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Real Estate
Reply to "The seven paths to DC-area home ownership"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. [quote]I'm confused why you would rent for 8 years when we had a nice market bottom in 2008/2009. Why not buy then?[/quote] Yeah, cause I knew it would be a market bottom, right? "Hey, the roulette wheel came up 15. Why didn't you put all your chips on that number [i]before[/i] the spin?" :roll: Anon 12:43, thanks for the post. Very informative and enlightening. Maybe that is a viable path, and maybe I need to get more comfortable with the idea of PMI if we're gonna stay around here. [/quote]I saw it pretty clearly. Real estate is not like the stock market, you can literally see it changing and have weeks and months and sometimes years to act. The market was obviously starting to recover in 2010 and prices were still good. Anyone looking to buy but did not buy then have no excuses. [/quote] Yup. I am in Glover Park. My neighbors tried to sell their place for $700K in fall 2010, no takers so they ended up renting it out. It just sold for more than $800K.[/quote]
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