Reply to If you were born in 1990, how do you plan on ever affording a house?

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Reply to "If you were born in 1990, how do you plan on ever affording a house?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Go east of the river.

Renovated townhouses can be had there in the low $300s. It's not the greatest area but it's also not nearly as bad as its reputation.  It's also very conveniently located if you work downtown and is a short Uber from nightlife spots.  [/quote]

With trump presidency I would be VERY skeptical of Anacostia or PG gentrification.  [b]A lot of middle class Feds are losing their jobs[/b] and the city has lost its cool with Obama departure. Look at someplace like capital heights. Close in easy commute but terrible investment [/quote]

Are you Marty McFly who is coming back from the future with this little nugget?  Because presently, middle class Feds aren't losing their jobs.  [/quote]

They pulled the nuclear option in Supreme Court but will bend on budget? Things are going to get raw and Feds have a target on their back.

I work in SE across the river. It's a BIG gamble. [/quote]

You clearly have not seen the 12 projects slated for East of the River.  You will continue to lose on the real estate game b/c you are very short sighted.[/quote]

Projects mean nothing. It is not community, safety, or good schools. There were tons of projects abandoned in Phoenix at the bust, and they still stand empty.

No matter how much you try to make it happen SE is not going to happen under Trump. If you are an investor with large access to capital it may be worth investigating, things could continue. But OP would be stretched and if your vision doesn't come to pass, they are screwed. [/quote]

Real estate always goes up higher than inflation BUT buying peak will be an epic setback.  It's all a guessing game, but we are set up for a contraction.  Save, save, save and buy in when buyers have the purchasing power.  The difference could be living in a shitshack vs a newer updated home if you have the patience.  I want to see my fellow millenials succeed in life despite all the massive problems handed down to us.  Pay off your student loans, live in a crappy apartment, have room mates or live at home if you can even if it is a sucky commute.  Bank that salary and job hop for more money.

Also read, read, read - remember realtors say its always a good time to buy, but if you study the market and read sources other than NAR you have a better picture of the economy overall.  March jobs report added 98k vs the expected 185k predicted...interesting?
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