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Reply to "WWYD: keep DC rowhouse in Shaw as investment?"
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[quote=Anonymous]You'd be dumb to sell it; the rowhouse is a damn cashcow. Keep saving for that next downpayment, as this will require you to live below your means and buy an affordable house. Also, 25 years down the road when you're retired you will have a fantastic source of passive income. In my experience, when people have a large windfall down-payment that comes from a fast equity gain, they tend to over-buy when they trade-up. You'll buy a more reasonable 2nd home when you've scrimped that money together through your own hard work of pinching pennies. Ymmv.[/quote]
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