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Reply to "Is home ownership out of reach for people under 30? "
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[quote=Anonymous][quote=Anonymous]I’m 35. We first bought at 25 in a townhouse. Best decision we made that set us up for success.[/quote] If we had bought at 25 we would have been buying a condo in PG county in 2005, peak of housing bubble. We would still be underwater. As long as you can afford to buy a long term house (ie townhouse, SFH, something few simple with good schools and safe neighborhood), do it as early as you can, so that if values do decline you are still happy where you are. I assume you had no student debt or have Big Jobs? A townhouse 10 years ago in DMV were still $750k, which is $150k in after tax cash savings and a $3k monthly payment. Hardly 3rd year Fed employee range of options. [/quote]
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