Are millennials under 25 in the DC area priced out of getting married, having kids, owning a home?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What 24 yr old wants to be married with kids anyway?! Your 20's is for building your career.

I got married at 23, had my first child at 24. We bought a home too (new construction started before we married, closed and moved in a few weeks after we married.) This was in suburban San Diego, similar housing market to DC

Did you marry a wealthy older man or have parental help?

Because otherwise I don't believe the story of two 23 year olds buying a SFH at DC prices. Nope. No way.

Maybe if they play for the Wizards, Nationals or Redskins.

[Anonymous]

Gen-xer here--that's why many people in my generation, during the last downturn, moved to the hinterlands and got married and bought houses. No way we could do it here.

Sadly, we are back here now--but at least we can afford a downpayment on a crappy house.

[Anonymous]

We bought 600k starter home

[Anonymous]

Anonymous wrote:We bought 600k starter home

So did we, but not at 23 and pregnant.

[Anonymous]

Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

[Anonymous]

24 is way to young to settle down. Have some fun and try new things and new people.

[Anonymous]

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

Eh DC was playing catch up with other cities in terms of cost of living.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

It will be unlivable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

It will be unlivable.

Then the prices will decrease.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

It will be unlivable.

It will be about half as cheap as New York. Right now its about 2/3rds cheaper. A $10,000/mo rental there is a $3,500/mo rental here. My plan is simple - pay off my new place, use it as a rental and then get a bigger one to live in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

It will be unlivable.

Then the prices will decrease.

Like New York, San Francisco and Boston have? Get real.

[Anonymous]

Well, to be fair- "unlivable" actually means something.

People are living in all of the places you mentioned.

Hence- those places are not unlivable.

[Anonymous]

Anonymous wrote:Well, to be fair- "unlivable" actually means something.

People are living in all of the places you mentioned.

Hence- those places are not unlivable.

So the cost of living in DC is growing and the quality of living as well but for some reason you think the city is becoming 'unlivable'? What does unlivable mean to you? Because unaffordable and unlivable are two different things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, pretty much.

I graduated in 2010. Moved to DC at 21 and got 3 successive unpaid/stipend internships. Found a job for $30,000 a year. I was miserable at the place but I had no idea how poor I was. I was lucky that I found a place in Columbia Heights with a room for $500/mo and then I found a new job at $35K and decided I wanted to live in my own place in Silver Spring. Even then it was insanely tight.

After 3 years and the age of 24 I left DC and moved abroad to get work experience. I'm moving back in 2017 as a 29-year-old homeowner in Logan Circle. However that's only becaue I worked my ass off for four years to make my way into a six-figure income. I don't think that can be done from within DC unless you start off strong, say in banking. Or if you want to wait 15 years until you finally make it up the ladder.

In either case, not common.

15 years from now can you imagine how insane the cost of living will have become?

It will be unlivable.

Then the prices will decrease.

Like New York, San Francisco and Boston have? Get real.

These cities are unlivable.