How old were you when you bought a house that is $1.2m+

[Anonymous]

31 — but we live in a VHCOL (SF) where $2M gets you a 1500 sqft very dated starter house. We also have high HHI and net worth from tech.

[Anonymous]

We’ll buy a vacation house instead of a 1.2m house.

[Anonymous]

At birth

[Anonymous]

43/45.

[Anonymous]

Anonymous wrote:I was a little bit shock to see someone on the forum buying a $1.4m house at 28. We couldn’t afford a $1.2m until 40!

I'll let you know...

[Anonymous]

We’re 42/43 and will buy in that price range this summer. It’s our 2nd house and our last year paying daycare bills.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think the OP you are referring to is Asian. It is very common for Asian parents (especially ones that are still in Asia) to pay for huge downpayment or buying outright. I know one Chinese colleague, she and her husband bought a $2.2m townhouse in Georgetown at 28. It was paid entirely by the parents.

But do keep in mind, they have to take care the parents after they retire. No senior living community, which is considered a shame. I'm not sure I would trade parents help for that.

No, no and no. Please stop with the cultural assumptions.

I am curious about whether this is a person who is progressive or not. Because the anti-racist education that is on the rise is *entirely* predicated on making these types of assumptions.

[Anonymous]

39 $1.8 million.

[Anonymous]

Never. 53.

[Anonymous]

Really? MOST people don't. I'd guess maybe even but probably not on DCUM.

[Anonymous]

Dead.

We could but who wants to? I own a paid off 20 acre profitable farm with a lovely 3800 sf house. I would poke my eye out with a stick before spending a million+ on a suburban McMansion or urban shack.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think the OP you are referring to is Asian. It is very common for Asian parents (especially ones that are still in Asia) to pay for huge downpayment or buying outright. I know one Chinese colleague, she and her husband bought a $2.2m townhouse in Georgetown at 28. It was paid entirely by the parents.

But do keep in mind, they have to take care the parents after they retire. No senior living community, which is considered a shame. I'm not sure I would trade parents help for that.

No, no and no. Please stop with the cultural assumptions.

I am curious about whether this is a person who is progressive or not. Because the anti-racist education that is on the rise is *entirely* predicated on making these types of assumptions.

It is also anti-factual. Reality is that many Asian families do have these kind of expectations. Not all, of course, but many do. I don’t know why we are now not allowed to acknowledge facts because we don’t approve.

[Anonymous]

Anonymous wrote:I think the OP you are referring to is Asian. It is very common for Asian parents (especially ones that are still in Asia) to pay for huge downpayment or buying outright. I know one Chinese colleague, she and her husband bought a $2.2m townhouse in Georgetown at 28. It was paid entirely by the parents.

But do keep in mind, they have to take care the parents after they retire. No senior living community, which is considered a shame. I'm not sure I would trade parents help for that.

Stfu fool racist

[Anonymous]

Anonymous wrote:39 $1.8 million.

Beat ya. 31 $3.3 mill

[Anonymous]

I’m 45 and it hasn’t happened yet. If I hadn’t gotten divorced, we probably would have moved to a bigger house 3 or 4 years ago, but I can’t afford the house I want now on one income.

Or, I should say, I might be able to swing a $1.2 million house (my current house has appreciated a lot since we bought it so I’d have a decent down payment) but I don’t want to go back to a 30 year mortgage and uncomfortably high payments. And if I move, I want more house than I currently have in a very specific (and small) neighborhood and those start at $1.5 million which I definitely can’t afford!