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Reply to "How do I calculate what a house will cost in five years? Ten years?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP I would buy now with these rates. I would assume your 800-900K starter home is in DC.. adjust where your looking 500K still gets a decent home in the burbs.... 3.5% down payment first time buyer too. Waiting to plow away 170K could take years meanwhile rates are low and you could already own. Ok PMI may cost you 3K per year but as it stands now you'd more than make that up with tax deducted interest where you have no tax ded now ( PMI is not tax deductible but the interest is)[/quote] OP here - I get all of that but at this stage in our life, with a one year old and hopefully another one soon, we are not willing to give up our short commutes. [/quote] Another kid, commute, or get a higher paying job. Pick your poison. [/quote] :roll: [/quote]
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