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Reply to "Ok can we stop saying $300k is "rich" in DC?"
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[quote=Anonymous]I bought a place last month for 1.4 million in the DC area for a pied a tier for now and move family later if job is worth it. My family collects houses my cousin in Brooklyn has round 300 properties in Brooklyn and Manhattan and another cousin has around 700 properties in California and Seattle. I don't buy much, a coop in NYC at time of RTC in 1992 I rented out as I had a rent stabilized unit. A house Christmas week 1999 as folks were worrying about y2k and a beach house right after Sandy. Cash flow is important and I spend very little in housing. The D.C. Place was only market price place I bought but had a relocation check to help. [/quote]
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