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Reply to "The seven paths to DC-area home ownership"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm confused why you would rent for 8 years when we had a nice market bottom in 2008/2009. Why not buy then? Now you're trying to buy something at the top of the market again. I'd wait.[/quote] Market bottom? Prices inside the beltway basically tripled over the 2000s, and in 2008/2009 they dropped like at most 10%... Incomes didn't triple, so that 10% really didn't provide any help in affordability (and banks weren't lending, so good luck as first time home buyer). Geez, OP, you should have expected the Fed would pump up housing and assets with QE, everyone knew that...[/quote] We're speaking about the last 8 years while OP has been renting. 2008 would be the bottom of the market for that 8 year stretch. Note what you say: "Incomes didn't triple." Exactly. Except if you believe everyone on this board, prices are just going to keep going up and up and up. They won't. Again: Op, wait this out.[/quote]
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