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Rent vs Buy in Arlington : Real Estate Advice

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  • Local Info16
  • Home Buying55
  • Home Selling6
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Activity 1
Tue Jul 29, 2008
Christopher answered:
I would rent. Prices are unlikely to appreciate significantly, if at all, in the next three years. After paying for closing costs, insurance, upkeep, and a realtor commission (when you sell), you're more likely to lose money than to profit on the transaction--even considering the tax benefits of buying. Although we may be near a bottom in the DC area right now, people who think that prices are just going to bounce back and start appreciating significantly again in the near-term are largely kidding themselves. ... more
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