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Reply to "$1M home on $157k base compensation?-DC"
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[quote=Anonymous]OP, you cannot afford that house, and you do not need to. Rent something, pass on all of the maintenance and headaches to your landlord, put your excess savings in CDs at 5.5%. Your housing dollar will have more purchasing power in a year or two. This is very much like 2007-- and don't listen to all of the realtors on this board who have convinced themselves we're not at the sputtering end of a bubble. Good luck.[/quote]
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