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Reply to "Real Estate vs Stocks"
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[quote=Anonymous][quote=Anonymous]1% rule is that Rent should be 1% or more than the purchase price which is very difficult in Northern VA[/quote] yea, near impossible. I bought my first house in Northern Virginia for 180K in 2001. At the time the going rent was $1300/mo for that townhouse. I then kept it and rented it out for $1800/mo when it was worth 425K at the peak of the market in 2006. [/quote]
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