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Reply to "Millennial mortgage payments "
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[quote=Anonymous]I assume everyone is older or lucky- e.g. my Gen X colleague grew up in the DC area, didnt have to move around and pay rent after college, and bought houses during two downturns. Now he and his wife have the same careers as me and mine, but they have a big beautiful home in Arlington, and we have a small townhouse in the far exurbs of Maryland. (Their timing was great and clearly they were smart with real estate, but I also get annoyed when said coworker says we should all come back to the office more because "people who live further out made that choice.") Also the price rise has been significant. At lower interest rates $2500 = a $450-500k house depending on taxes and down payment, and up until just a few years ago that was a reasonable budget in the cheaper parts of the DMV. [/quote]
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