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Reply to "Please help us find our new DC home!"
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[quote=Anonymous][quote=Anonymous]RENT OP, in case you haven't heard there is a GLUT of new condos in the DC market right now, the feds are cutting jobs by 10-20% and its not looking good. You will absolutely lose money if you have to sell in 2-3 years.[/quote] Actually now that I think about it losing money is probably the last concern, its having to sink $100,000 into a property after the 20% down you already put into in order to be able to sell it and move. In other words a net loss of somewhere around $200,000. That or rent it out for only a partial mortgage payment and have to stress about finding a new renter every year. Pretty much the worst investment you could ever make.[/quote]
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