Reply to How are Millennials affording new $1.5+million home in MD, DC and VA?

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Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm amazed at how many 28-40 yo's we know that are purchasing brand new homes in Bethesda, Chevy Chase, DC, Vienna and McLean.  What took my spouse and I years to afford, they are buying at a relatively young age.  How do they do it here?  My spouse is a partner in a law firm and our house is barely worth a million. Granted, we'll have it paid for next year.  But really, Millennials what's your secret?   [/quote]
Millennials here. We bought our starter home for $1.2M 10 years ago at age 28. It was an apartment in Manhattan. We had no help from family.
We now live in a $2M home in Arlington. 
[b]The secret is hard work. [/b]

[/quote]

Did parents pay for a college education? Were you raised to understand financial literacy? Were you raised to believe you could achieve your goals?

If so, you had help. [/quote]

DP.  Is there any point at which you think someone can rightly claim some credit for their own success?  Yes, having college paid for is help. The other things are advantages that some people do not enjoy.  But none of that is determinative.  Hard work, talent, and of course luck to a degree play a huge role in whether someone is ultimately successful.[/quote]

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