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Reply to "Is 300k the bare minimum income to buy a single family now?"
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[quote=Anonymous][quote=Anonymous]If your job security is uncertain, I would still get on the property ladder with a townhouse. You have to pay rent to live somewhere, if you are not taking advantage of building equity then you are missing out on growing your money. [/quote] Yep. Everyone who has ever bought a home in the DC area in the past 25 yrs has thought they drastically overpaid and housing prices couldn't possibly go up. You just need to take the leap and own something. My first place was a 1BR condo. The problem is thinking your first home is going to be a SFH with a 2-car garage. By the time most people get there it might be their 3rd or 4th home and they have been rolling equity into their next home for multiple home purchases over 15 yrs. [/quote]
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