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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Please give us some examples of voilitile housing prices for good location / school houses in the DC area?

If you are looking into a good area the advice on buying to the max is still the best.[/quote]

What?  This makes no sense.  And really, I understand typos happen, but when you're advocating for paying top dollar for a top school area, it might be a good idea to spell check.

Buying "to the max" is never a good idea in times of uncertainty, no matter how solid the housing market in your desired area.  You shouldn't deplete your savings, and you shouldn't set yourself up for a situation in which your monthly budget is maxed out, especially in an environment that constantly threatens increased taxes, increased fuel costs, increased food costs but flattening incomes.

The "to the max" advice depends on the idea that (a) your salary will continue to grow, so that at some point in the not-too-distant future, you won't be overstretched, (b) other costs will only rise as much or less than your salary, and (c) there is a plentiful supply of qualified buyers, so you could easily sell if (a) or (b) didn't work out.

Basically, I think all signs suggest that's just not the case.  And while the economy may be improving in the rest of the country, the things that have kept the D.C. region's economy robust are starting to shift.[/quote]
[/quote]
So when is a good time?

1990s Internet bubble don't buy
2001 Sept 11 / Stock crash don't buy
2005 housing bubble don't buy
2007 housing crash don't but
2013 bubble coming again don't buy

It seems no matter what everyone thinks there is a crisis. Get over it life is a crisis.

Here's a tip that's worked for me I bought in all times and have done so every 5 years without issues because I chose to buy SFH (no matter what size), NOT to compromise on location inside the beltway, near a metro and excellent schools. [/quote]
Oh yeah forgot one the S&L crisis of the 80s.

So if you are so worried about uncertainty you'd be should've been renting for the the last 25 years + infinity.[/quote]

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