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Real Estate
Reply to "If you were born in 1990, how do you plan on ever affording a house?"
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[quote=Anonymous]Born in 81. DH and I were both lucky and good savers. Both graduated with no debt and had savings (full scholarships undergraduate and fellowship that paid for graduate). We worked summers during school so we could save up more money. Parents gifted us 30k total as wedding gift and we had a cheap wedding (2k total). We saved for two years after marriage and at almost 26, we saved for a 20% downpayment (115k) (combined income in 2006 was 150k). We lost 100k when we sold the town home so that we could move closer to work but by then we saved up 250k. We bought a 900k home when I was 29 in 2010 and we still live in it now. We have a 15 year mortgage and only owe 450k right now.[/quote]
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