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[quote=Anonymous][quote=Anonymous]I bought my first home for $139K in my 20's.  Paid it off and sold it for $315K after 13 years.  Bought current house for $710K 10 years ago with 25% down.  Will pay off in another 13 years (less if I refinance which I'm working on now).

And for all those who think this is impossible, it is still possible now.  There are still good homes under $150K in PG County where I live, that have rising equity.  You can repeat this cycle there.  But most here would never live in PG County so they end up house-poor or living in horrible overpriced tiny old homes.[/quote]

Baltimore City here. We bought our first home for 165k and have spent additional lump sums on renovating the kitchen, replacing windows, putting in central air. I don't think it'll go as high as 315 in value, but the neighborhood has seen a lot of development and marked improvement. Our realtor told us we could probably sell in the 220s after 5 years and some serious work on the house. So one day, we may see some cash out of it (in addition to having a place to live.)

Of course, if you are dreaming of 1 million home, I'm sure our small row might be a disappointing option.

But, point is, there are ways to get into the market without a lot down. [/quote]

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