I mean if you're buying a new home every 2.5 years I can see how financing has slipped your mind |
Moved a distance for the first home. Then added a future retirement home and rented it out for 5 years. Now empty nesters and decided to move into the "retirement home", sell the original and decided to buy a new 2nd home as a "getaway" an hour away. No financing needed for any of them, so yes I don't think about financing. Just like cars, we haven't financed a home in over 15 years. But even prior to that, my social group just doesn't talk about "where did you get the money to buy your house" Not our business and not really a reason to discuss it. Most of my friends are professional, gold collar workers and I have no doubt they can afford what they spend without parental help. Although interestingly, many of our friends have a "leg up" on us apparently, because they were not saddled with major debt for college (we had $75K between the 2 of us, 30+ years ago). |
Own up to whom? I don't need to explain myself to anyone. You think you're owed an accounting of any money I've received from parents? You're not. Deal with it. |
Yes, it is. Unless your definition of "enough" is narcissistic materialism. |
Cutting out the rest to say: I also grew up in an UMC family, went to a competitive magnet public school and an Ivy League college, but apparently I paid more attention in my classes than you did, because I'm under absolutely no illusions that it was my "hard work" that got me into college or got me to a prestigious job near the top of my industry by mid-career. Plenty of people work hard. Most of them don't get to go to expensive private colleges or get the opportunities that open up as a result of that. People like you and me should be grateful we were born lucky, and that's the end of it. |
This is kinda where I come out. I know that I have had advantages others didn't, but I'm not going to go on a tour of the country proclaiming and itemizing those advantages. |
I believe OP's point was to just not act like it was only hard work. So, when you buy that $1M "starter" home 5 years after finishing school, don't talk about how you "saved for so long" or "only ate ramen" to afford it. Also, don't refer to it as a "starter" home. Fine to be excited and share your excitement. |
The other annoying thing I've people say is they're only buying because it is a better financial move than continuing to rent and this way their roommates will pay their mortgage for them. The implication is the rest of us renters are idiots because nobody gifted us a down payment.
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This. You don't have to deny someone's hard work to have a conversation about differences in advantage. |
Rent in the DMV is the same amount as a mortgage payment elsewhere. If you choose to rent vs move or buy a condo, that’s all on you. |
Your experience is too narrow. You are thinking of some middle class person from a stable-but-not-rich family who, through hard work can become UMC. Okay, yes, that can happen. And there are people from poor and working class backgrounds who can make it up the ladder as well. But they are exceptions. Most people born poor or working class will die poor or working class, and they may were very hard in the interim. But working hard if you don't have a college degree is usually not going to get you a substantially better life. Plus all the people born into abuse and neglect, who have to overcome the impact of that in order to function at a high enough level to actually achieve the kind of security and comfort we are talking about here. Sure, some do but most do not. I say this as someone who DID make it out of an abusive family with substance abuse issues and mental illness, but has many family members who didn't. It's not so straightforward. One of the things I had to do in order to make it where I am was essentially turn my back on my family -- I moved far away and keep a lot of emotional and physical distance because I know getting drawn back into that world would make it all but impossible for me to give my own children the kind of life I never had. So no, hard work alone is not enough. You need luck, and help. If you were born into wealth and privilege and can't even recognize your good fortune or want to try and convince people that your position in life is solely the result of your hard work, go ahead, but I know the truth and so does every other person who was born into worse circumstances. |
Our policies only support the poor and UMC/UC. There is no real structural support for LMC/MC. This is one of the reasons why it is so difficult to make jumps in income brackets even with substantial interventions. For example, say that you are working poor. You get the Earned Income Credit, you can get subsidized/free healthcare, reduced/free lunches, etc. You accumulate funds and a savings account. Pull yourself by the bootstraps if it were. Most people are one emergency away from losing it all. They are one more kid away from not being able to pay their rent or a parent having to go part-time because of daycare costs. They are one car accident or disability from losing their house. There is no support for LMC. You only get support if you get back down to being poor again. There is no support for keeping you from getting poor again. And if you manage to claw yourself back up again, you meet the same issues/constrictions. And while people here love to talk about college cost donut holes, there are real donut holes in LMC lives. And being able to navigate that is 99% luck. |
I relate to this. Thank you for sharing. |
PP here. To yourself. That’s it. |
No one is denying hard work, they are saying it’s not only due to hard work. Lots of working class people work really hard. But some people on this thread have implied that work ethic alone leads to financial success. And that’s just straight up delusional. |