How can 20 somethings in college/right out of college afford to live in 2k a month buildings in DC?

[Anonymous]

Anonymous wrote:

Anonymous wrote:They make $60K or $70K, have a roommate and don't have a lot of other expenses

This. It's not too bad at all. I had a $3300 a month mortgage by the time I was 27.

Big difference between a 27 year old and 20, 21, 22 year olds.

[Anonymous]

Anonymous wrote:They are either smarter or luckier than you, OP. Probably better looking, too.

What do looks have to do with anything here?

By the way, more expensive does necessarily not equal better.

[Anonymous]

I don't get it either. I lived next door to a crack house in my 20s.

[Anonymous]

I made $60k out of school at 22 as an engineer. I paid $1k with no roommates bought a Toyota then too. No parent help with expenses but they helped with college so no loans and that was a big deal. We hire for 65-70 now. Engineers. Without many other expenses they can afford $2 for rent esp if they have no loans.

[Anonymous]

Many have trust funds or rich parents...I know, I decided not to move to dc when I was younger because it was unaffordable. My friends who moved here were either trustafarians or lived in or near poverty, or had a room in a group house.

[Anonymous]

Anonymous wrote:I made $60k out of school at 22 as an engineer. I paid $1k with no roommates bought a Toyota then too. No parent help with expenses but they helped with college so no loans and that was a big deal. We hire for 65-70 now. Engineers. Without many other expenses they can afford $2 for rent esp if they have no loans.

The under 25 year olds in these buildings are responsible adults holding down full time jobs?

If you look at the reviews of many of these newer buildings you will see residents complaining about the under 25 year olds having loud rooftop pool parties, playing loud music at all hours of the night, passing out and vomiting in the hallways and elevators.

So you mean to tell me this is what you were doing as a 22 year old?

[Anonymous]

Anonymous wrote:I don't get it either. I lived next door to a crack house in my 20s.

By any chance did you try crack at least once on a dare?

[Anonymous]

Daddies. Sugar or otherwise.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They make $60K or $70K, have a roommate and don't have a lot of other expenses

This. It's not too bad at all. I had a $3300 a month mortgage by the time I was 27.

Hey, dummy, was OP's question about 27-year-olds?

No, it was about 20-somethings JUST OUT OF COLLEGE.

Most people can afford a mortgage after 5 years in the workforce. You're no special snowflake. The question is how someone who maybe doesn't eve have their first job can afford high rent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I made $60k out of school at 22 as an engineer. I paid $1k with no roommates bought a Toyota then too. No parent help with expenses but they helped with college so no loans and that was a big deal. We hire for 65-70 now. Engineers. Without many other expenses they can afford $2 for rent esp if they have no loans.

The under 25 year olds in these buildings are responsible adults holding down full time jobs?

If you look at the reviews of many of these newer buildings you will see residents complaining about the under 25 year olds having loud rooftop pool parties, playing loud music at all hours of the night, passing out and vomiting in the hallways and elevators.

So you mean to tell me this is what you were doing as a 22 year old?

Yeah I didn't do that but I did go out several times a week and stayed out until 2am since I didn't have to be at work until 10. I'm a total nerd though so were my friends and the guys we hire. They roll in at 10, work until 6-7 and then go get dinner and go out. I know plenty of people who did go nuts at 22 when they finally had money to burn.

[Anonymous]

Anonymous wrote:This is how I do it:

Parents pay for health insurance, phone, and cable
I split all living expenses down the middle with my boyfriend who makes double what I do

Your boyfriend should pay more. Read Suze Orman.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They make $60K or $70K, have a roommate and don't have a lot of other expenses

This. It's not too bad at all. I had a $3300 a month mortgage by the time I was 27.

Hey, dummy, was OP's question about 27-year-olds?

No, it was about 20-somethings JUST OUT OF COLLEGE.

Most people can afford a mortgage after 5 years in the workforce. You're no special snowflake. The question is how someone who maybe doesn't eve have their first job can afford high rent.

Really, it took several of my friends longer to get a mortgage, and they have degrees.

Also, there is apartments under 2K in the DC area, it all depends on if you want to live near a Metro line or not. I have seen plenty of apartments in the DC area, there are nicer ones out in Fairfax and west.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They make $60K or $70K, have a roommate and don't have a lot of other expenses

This. It's not too bad at all. I had a $3300 a month mortgage by the time I was 27.

b/c that's smart

??? Not PP but you have no idea what her HHI is.

[Anonymous]

My parents helped my brother out with the extra rent he couldn't afford. Now 2 years later he's gotten good raises and can afford his apartment pretty well on his own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They make $60K or $70K, have a roommate and don't have a lot of other expenses

This. It's not too bad at all. I had a $3300 a month mortgage by the time I was 27.

Hey, dummy, was OP's question about 27-year-olds?

No, it was about 20-somethings JUST OUT OF COLLEGE.

Most people can afford a mortgage after 5 years in the workforce. You're no special snowflake. The question is how someone who maybe doesn't eve have their first job can afford high rent.

Most people can't afford a 3300 mortgage on their own at 27. And you're a jerk. Take the stick out of your ass.