Reply to It’s extremely hard to raise kids in a nice neighborhood without generational wealth

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[quote=Anonymous][quote=Anonymous]Nearly everyone making enough to buy in McLean or Bethesda is 35+ and probably 40+. By then you can barely even have kids. If you’re of actual child bearing age you’re probably too broke to comfortably raise a family. Every couple I’ve known who has a SFH in a good zip code and has kids before 30 in this area comes from a UHNW family and buys a house that is 10-20x their annual salary. How many folks under 35 are actually buying 2-3M houses completely on their own without generational wealth? It’s not zero but pretty damn close. [/quote]

My semi blue collar friend live in Bethesda in a two million dollar home at 45 with three kids and a SAHM wife. His secret?

He bought a property with a tenant in place in 2009 when he was 28. He could use his income plus rental income to qualify for mortgage. Then he lived at home till around 34 when he married. They moved into small rent controled DC apt with wife, had a kid or two and then by time third kid came they took over the Bethesda house. By then mortgage free as tenant paid off most of mortgage and he prepaid a little each month and they bought at 2009 prices so a way less mortgage to begin with.

Hence he is a 45 year old blue collar worker in a nice house.    [/quote]

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