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

[Anonymous]

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!

[Anonymous]

I’m 28 and only know one person my age with a house this expensive - an heiress whose last name is very well known.

[Anonymous]

32.... we inherited money. That’s the only way it happened at that point.

[Anonymous]

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.

[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.

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

[Anonymous]

We have $1.2M in mortgage. Between DHs old condo and our house

[Anonymous]

I am 56 and have never owned a house $1.2M My house was/is $600+K and I love it and my neighborhood.

[Anonymous]

37

[Anonymous]

I haven’t afforded it yet and don’t foresee it in my future.

[Anonymous]

35.

[Anonymous]

35. Two biglaw lawyers.

[Anonymous]

37

[Anonymous]

35

[Anonymous]

37

[Anonymous]

Never