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Reply to "How does anyone find a job that pays enough to afford a home here?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You can buy a starter condo, build equity and sell after 15 years, that’s 600k toward your next home down and you are barely 40-45 years old.[/quote] I bought a condo in DC in 2005 and sold it in 2015 for $3k LESS than I paid for it. Now, I paid cash and didn’t have to pay rent for that decade and the company that relocated me covered all closing costs, but there was no equity built in my “starter home.” (We now live in an expensive town outside San Francisco and rent - I’ve never seen a 3 bedroom in our town for less than $2 million in the decade we’ve been here.) [/quote] Sounds like you don’t know what “equity” meant. 😁[/quote]
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