Reply to It’s extremely hard to raise kids in a nice neighborhood without generational wealth

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[quote=Anonymous]I understand Tra's question - it's but Bethesda or McLean but just affording $1M+ housing when younger and agree - it's really hard.

That said it's not impossible.  Also consider that many in this area may be military.  If you have a job + pension it's 2 incomes right there. My FIL was part owner in a small business that owned its own land.  So he earned his pension, rent and a % annual of profits he made.

I used to work with guys who would have double incomes from current job + military  pensions.  Also if you had brought when you were in your 20s during those days when everything was sky high in 2005 years and sold - you could have made some money.

We have 2 set of friends who did this and brought $750k houses.  Had they wanted they could have brought that $1M house after that shortly after.

It's a bit of luck but a bit of strategy in terms of how to reinvest and grow assets. Stocks are another viable path. Again once you make a pile of money you can make more.  This who living hand to mouth poor for 10+ years by saving just from one income sounds hard :) I would look at doing that but maybe be a bit more creative in hustling :)

Lastly, I agree that it's waaaaaaaay harder to get "lucky" now v back a few years ago because the pike of money needed is truly through the roof with inflation. There's mire ways to make money now but I'm not sure my dollar goes as far.

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