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Real Estate
Reply to "If you were born in 1990, how do you plan on ever affording a house?"
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[quote=Anonymous]Alright I'm an "old millennial" born in the 80s. But we bought a townhouse in Hyattsville/University Park area. We bought the biggest model. At 6 years out we made >$60k profit. We took that plus savings for a down payment on a SFH. You need to think that you will probably not be able to put 20% down but you can still get great rates and loans and purchase. You need to think outside the box in location but still think of the realities of the purchase- i.e. appraisals are based on square footage, #bedrooms and #bathrooms. Buy the 4bd 3.5bath over the 3bd 1.5bath in the same neighborhood. If I can make a recommendation- University Park is selling townhomes brand new by the new Whole Foods. If I were in the market I'd buy that in a heartbeat. Prices in the mid400s, walkable to WF, good elementary and inside beltway. [/quote]
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