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Reply to "Won the bid on a 900k house and now I feel sick"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah,it might be tough sledding for a bit, but that 900000 will soon be 1.7 million. This is Arlington, and [b]prices are never going down again. [/b] So you made a reasonable move.[/quote] How old are you? Do you really think real estate only ever appreciates?[/quote] Yup. Over time. [b] Buy land. They ain't making any more of it. [/b] and there's no land left in Arlington.[/quote] Dude, you must be loaded to afford the time machine, since it's clear you got here from 2006. Honestly, I think this a bubble predictor sock puppetting as an RE cheerleader, there is no way anyone believes this. OP it all comes down to your personal situation; you can ride the price up and down, through job loss or parent illness, or taking off a few years to help a kid having trouble in school. If your budget/situation affords this, then enjoy a lovely house. If you are stretched taut... look really hard at what you can cut to be sure it isn't the mortgage you should be cutting...[/quote] No idea what you're talking about. The point is, I think the 900000 buy was fine. Others might disagree.[/quote]
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