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Reply to "Is home ownership out of reach for people under 30? "
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[quote=Anonymous]Look it just takes sacrifice time buy young. My friend in NY wanted a place in Long Beach NY in his 20s. He bought a very run down two family rented both upper units. Basements are illegal to rent out. It is a flood zone, no CO for basement but owner technically could live there. He lived in a little 400 sf corner of basement. He renovated and did repairs over years. Refinanced, got married kicked out one tenant, then when second kid came took over whole house not mortgage free. That could have easily could have been done in DC in 2010 after real estate correction. Or just buy a two bedroom coop or condo and get a roommate. The key is but while single and moved into unit with the renters [/quote]
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