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Reply to "Is home ownership out of reach for people under 30? "
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[quote=Anonymous]In some respects, it is easier for single people in their 20s to buy than for 30-somethings that are married and have kids. People under 30 have to do what many of us did. You buy a lower priced unit in a less desirable but still appreciating part of town. There are still townhomes and small single family homes in less popular areas where you can get good deals, especially for fixer-uppers, put in some elbow grease, do some home improvements and sell for a profit and use the profits to help buy in a more desirable part of town. I was 27 when I bought my fixer upper. in PG County. I didn't meet my spouse-to-be for another 6 years and I worked on my house. When we got married, we lived another 4 years in the house and then I sold the house for more than double what I paid for it. And having paid down some of the mortgage, I cleared enough for a good down payment on what is now our forever home.[/quote]
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