Reply to $200K and just getting by

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Reply to "$200K and just getting by"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Or buy a home as early as possible. We got our first starter home when we were dating at age 22. We are 40 now and are on our 5th house with one as a rental.

By the time we started having kids at 27, we were established with equity and it just kept building [/quote]

Good thing you don't buy in 2006. [/quote]

+1 I know a couple that purchased a home as recent graduates in 2006 in Silver Spring.  Their particular neighborhood has gone nowhere but downhill in the past decade.

I also know a couple of others (also recent grads, at the time) who stretched to buy condos in Tysons in 2006, and lost tons of money...  They still own their condos and they'd have to sell at a horrible loss.  They'll likely never get that money back.  Tyson's has improved in popularity, but there are new condo buildings popping up everywhere that they are going to have to compete with when they go to sell.

If you bought in 2000 with no down payment, and it has worked out for you, I guarantee you, it is not because of your financial prowess.[/quote]

+1[/quote]

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