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Reply to "how the hades did you save a six figure deposit?!"
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[quote=Anonymous]I rented really small, cheap, old places with roommates when I was younger, so I was able to put 20% down on my first house. That first house was smaller, older, not that nice and farther out than I wanted to be, but it was near Metro and I knew it would have good resale value. It appreciated, and I poured that equity into the second (still old, but bigger/nicer/closer-in) house. Of the people I know, typically they: 1 - used equity from their first place (or first places if they are a couple who both owned) 2 - got help from family 3 - have really high salaries [/quote]
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