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Real Estate
Reply to "Spring Market=More Houses?"
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[quote=Anonymous][quote=Anonymous]The issue is that unless you bought in an area that was extremely undervalued for a long time and has experienced rapid appreciation you are stuck. Example you bought in Pimmit Hills or Petworth and experienced a 30-40% increase over the last few years and want to move to McLean, Arlington or NW which experienced a 10-15% increase. You might be able to use the equity to get you into those target areas. Unless you experienced a life event which increased your income you don't have that much mobility within the same area to trade up to a bigger house. In fact you may be more inclined to stay if you locked in a really good interest rate.[/quote] yes you would have to be really strategic to make a move worth while. however, there will always be people that have to move for a variety of reasons. [/quote]
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