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Real Estate
Reply to "Condo, move really far out, or keep saving? "
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[quote=Anonymous][quote=Anonymous]Rent is not throwing money away, but you need to save aggressively while you have this cheaper rent. I invest the money rather than just save or I would not be keeping up with the housing prices. $2k is a good rental price. I'm paying that for studio in DC because they raised the price. Annandale had some townhouses your could afford, but don't be in such hurry to buy right now. Your kids are still young. They really don't care where they lives as much as you do. Don't be in a hurry to buy with little down-payment, high interest rates, limited inventory, such a good rental price, and much-much higher total housing payment. [/quote] I agree. People are too quick to view home ownership as an investment. It can be, but it’s not always that simple.[/quote]
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