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Real Estate
Reply to "If you were born in 1990, how do you plan on ever affording a house?"
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[quote=Anonymous]I am 88 and recently bought a house in SS for 500k. We put 5% down, and asked a seller subsidy towards closing costs, so we only needed 25k saved for down payment and closing costs. Our PITI is 2750/mo, which is high, but not that much higher than the 2200/mo we were paying for an apartment in DC. Our HHI is not ridiculously high, about 180k, but that is enough to make owning a 500k house ok. [/quote]
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