Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "If you were born in 1990, how do you plan on ever affording a house?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Born in 1980 here. Our combo was privilege (50%), luck (30%), hard work (10%) willingness to buy a shitty house in a shitty neighborhood (10%) Privilege - neither of us had student loans. Me, rich parents. Him, community college and state school and pell grants. Work - We busted our asses for two years after college - we each worked a part time job on top of our regular jobs, total income still less than $75k (2002-2004). Saved up enough to put 5% down (luck) on an 'as is' $250k house in a terrible neighborhood (gunshots at night 1-2x/month) We did 80-15-5 loan. Worked like crazy the next 5 years to pay off the 15% loan that would have ballooned otherwise. Meanwhile we each took turns getting a masters. Now - two kids later, the neighborhood is turning (though not the school), and we owe $150k on a a house worth $400k (luck). [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
