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Real Estate
Reply to "If you were born in 1990, how do you plan on ever affording a house?"
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[quote=Anonymous][quote=Anonymous]^^^ yep. Just checked. A tear down in glenbrook village Bethesda was 6-700 k in 2005 and rates were 6.25 percent. Tear down today 670 k and rates are 4.25. And that's a hot neighborhood. 90 percent of metro neighborhoods are below and some significantly below 2005. Potomac mansions that were 2.7 million in 2005 are 1.7 million now. [/quote] Potomac mansions (McMansions, let's be honest, they were invented in Potomac) are now acknowledged to having higher carrying costs, including high energy/utility bills and much worse commutes (as in its harder to make/bill the necessary $$$). And let's not forget, those places make you look like a fashion victim from past decades. Yuck! [/quote]
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