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Real Estate
Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"
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[quote=Anonymous]We definitely don’t fall into this category - we’re mid-30s in a starter townhome. But of my friends who do: one couple grew up in this area and bought at the lowest part of the market in 2009, a basic colonial in a good part of Fairfax. Fixed it up decently well and cashed in on equity, plus two good jobs in defense contracting. Their parents provide free daycare for their kids although they do pay a bit for half day church preschool. One couple owns a few investment properties in another area of the country, and the guy (who is a bit older, early 40s) sold a condo at the peak of the market in 2005 for a lot of money. One Biglaw partner. One doctor with a SES partner. Everyone else has had extensive family help with a down payment. [/quote]
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