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Originally Posted by ju-on
I too am looking at buying my first home right now. I have come to the conclusion that for the price I'm looking at, most houses I'd be getting would be built in like the 30's in columbia heights or something. So I've decided to get a townhouse since they seem to be cheaper. Winter time is pretty much always the buyers market, because people who are moving away in winter are usually doing so because they have to move, otherwise they'd have waited until the summer when it's not freezing out. That's what I have been told by the realtors I've been speaking with
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I'm in the same boat. A year ago, I was planning on buying a house or at least starting to look at the end of 2005 or early 2006. I've decided that I'm just going to wait it out and see what happens. The last thing I want to do is take out a 100% mortgage at the top of the housing peak. So I'll just wait a couple years, save up a big honkin' down payment, and go from there. A house would be nice, but more than likely I'll end up with a townhouse considering the locations I would like to buy in.