Reply to how on earth can we save a down payment?

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[quote=Anonymous]For those who are saying, hey, we did it, this is how sacrificed for several years in order to come up with the money--- I ask you.  When was this?  Was it at the top of the market as it is now?  I'm guessing it was either pre-bubble or post-bubble.  Not now.  Keep in mind everyone that the second you buy the house, you are already out 6% of the value because of the cost of the realtor fee when selling.  This is the top of the market here.  So not only if you do scrimp and save for a couple years to come up with the downpayment, you still 1) have to compete with the offers who look much better on paper than yours well and 2) are buying at the top of the market.

I just marvel at how many people are buying near million dollar townhomes in Potomac Yard right now.  How much do you really think those can appreciate?  I don't care if a metro stop is coming.  My point is that I am just dumbfounded that people are continuing to buy houses at all in this area.  People make great salaries here but then dump it all into their housing.  Meanwhile people in much lower COL areas are living better than we are.  [/quote]

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