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Reply to "When were people in the DC area able to afford their first house?"
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[quote=Anonymous]At 25 back in 2005. I was single. No family help. I bought a rowhouse in Dupont Circle. I put zero percent down. It was a 40 years mortgage. Lenders were very “creative” back then. My income wasn’t enough to afford the mortgage. I rented all 3 bedrooms in the house and slept in the basement. Rent from the roommates covered most of the mortgage. I sold the house in 2015. [/quote]
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