Reply to Housing is the new source of inequality

Forum Index » Real Estate

Reply to "Housing is the new source of inequality"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There are better, cheaper places to live than DC you just have to be willing to move. DC is such a transient area that very few people are stuck here unless you're poor. But honestly poor people should do their best not to live in DC so they actually have a shot at moving up the economic ladder.[/quote]

Your last sentence is he problem.

Opportunities and resources and jobs to move up socioeconomically are concentrated in cities. For most people, their zip code is their destiny.

Poor people can’t win. Wtf?

[/quote]

Poor people are poor. You can’t ever structure a society where they become UMC with a Bethesda SFH while still making poor people income. It’s just not realistic. [/quote]

Pooks Hill coops and the older condos by Montgomery mall both in Bethesda are affordable for middle class.

For instance a 27 year old single could buy a three bedroom with 10 percent down. I saw a 350k estate sale last year. Get two roommates. Charge then $1,200 each. Use that to not only pay mortgage but prepay mortgage each month. Get married at 32-36 move wife in then kick out roommates as leases expire.

Come 45-50 as kids get bigger need more room buy a dream house in a good school area.

My parents bought their first home at 44/46 I bought my first home at 38/36.

People don’t want run down older coops, older condos or small fixer uppers in second tier school districts in a busy road. Yet if middle class that is what you should buy as first place. Fix it up, pay down mortgage and keep bills low

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics