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Metropolitan DC Local Politics
Reply to "Six Figures: DC-Area Home Sellers See Highest Profits on Record"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Real estate goes up just like stocks. Why is this surprising? Yes, last year was insane, but it'll revert back to normal rates of appreciation. Own a home. It's one of the best things to do for growing your wealth. [/quote] Exactly. Most Americans who accumulate a decent net worth do it through housing. It's a consistently good investment. It's not risk free (our home was underwater 100K for a decade.) [/quote] Most Americans don't live in this area.[/quote] What's your point?[/quote] That I don't know anyone in this area underwater or close to it, let alone for a decade. Even the ones who were troubled in 2008.[/quote] Well, nice to meet you. We bought in 2006 for 325. The house was worth 225 or around that for a decade. In the district. Lots of forclosures in our area.[/quote]
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