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Reply to "Do you know people who have money but aren't buying a home?"
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[quote=Anonymous]Homeownership isn't the brass ring that it was, even in this area. Homes don't appreciate that fast always (even here) AND with housing stock being old or new with shoddy construction, often you're putting a lot of money into it for the entire 30 yrs you live there. So yeah -- there are other investments where you could come out ahead more than housing. Not uncommon for millennials (which your mid 30s friends are) to NOT want to buy a house. They also may not be sharing everything. I know people who want to buy in all cash or 3/4 cash -- that takes more time than merely 10% down. I know others who have a dream job and don't want to be tied down until they get that; what if one of these friends is keeping her options open bc she's eyeing a General Counsel position that would require her to move to Chicago? She may not be sharing that with your judgy crew.[/quote]
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