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Real Estate
Reply to "I will never be able to afford a house in Arlington "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Even Silver Spring is hardly affordable anymore. All of MoCo is becoming super gentrified. [/quote] How is MoCo becoming gentrified? It's been getting more economically and racially diverse for decades.[/quote] People just need to adjust expectations and buy a home a bit later in life. Look here is a 260k large two bedroom condo Bethesda. Low common charges. At 10 percent down only need 26k down and a owner might sell 251k leaving a 225 mortgage which at 2.5 percent is a joke. If couple stays ten years and maybe when second kid is 2 or 3 move on they could have save a fortune leaving almost for free and with a tax deduction. But regular folks are not jumping to a single family home as 29 year old newlyweds. I used to live in an expensive surburb in NYC in 2005 and first time buyers were in average 40. They lived in a NYC coop till squeezed out with 1 or 2 kid and moved on. What is wrong with that? [/quote]
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