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[quote=Anonymous]Not hard at all. Buy a few places, rent them out and watch equity grow. I'd be on a rental nr 4 or 5 if I hadn't been illegal for 15 years. I have some catching up to do, but I alwyays wondered why Americans didn't buy a place or 2 and rent it out since rents are very high in DC. Many were my coworkers and somehow they were unable to save up the down payment and have a good credit it took to get a pace in Adams Morgan for example. I saved over $10k in 1998 making only ca $24k a year. I coudln't however buy the $74k 1-bedrooms on Columbia Road. An American could've but many never bothered. I figured their parents will leave them their houses. Many drank too much, smoke too much and were too cool to settle down.
For the richer crowd I suggest to wait to buy the million dollar shit-schack in upper NW. It's not going up, it's already up and it will take all you HHI of $300-$350k for the next 30 years to live in it. Stay in smaller homes or apartments a little bit longer. Kids ages 1-7 don't really complain about how much space they have at home, you do.
Got to keep the housing price low and work hard 22-40.[/quote]

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