Reply to Do you know people who have money but aren't buying a home?

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[quote=Anonymous]Do you judge them or wonder what's up?

Of course you can't know anyone's net worth but I have a few friends in their mid 30s (either single or w/ a partner/DH but no kids), who have had very "traditional" career paths -- i.e. 8 yrs in biglaw and then went to a midlaw firm; or 8 yrs in biglaw and then went to a gov't agency that is not on the GS scale etc; and don't have wild spending habits so presumably it's not an affordability issue. They've been in DC their whole careers and are east coast people, so I also don't have the sense that they don't want to buy in the DMV bc they foresee a move to Wisconsin in the next few yrs. Yet they have zero interest in buying. One is TOTALLY against it -- i.e. doesn't like housing as an investment and doesn't want to tie her money into that. The other waivers but hasn't pulled the trigger or done any kind of extended search. I think -- it is what it is, their money, their choice. Our common friends though have started to talk $hit about them -- "wondering" what's up and if they really can't afford it; or acting like they're dumb and are making a bad financial move. I don't say much in these conversations as I don't want to comment and I think it's uncomfortable to gossip about someone else's finances. Yet it's become a favorite topic of brunch conversation in my group (which normally isn't so judgy). Do you know people like this? Do you care about their financial decisions?[/quote]

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