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]How?
1. No wedding. Got $50k total from 2 sets of extremely grateful parents that had just thrown  over the top weddings that was way more than $25k for each of them.

2. Went to an uncool you-never-heard-of-it school and had no undergrad student loans. Worked summers, weekends all through undergrad and grad school, even in the school cafeteria, the horror, and was an RA.

3. Lived in an apartment with roommates for years after I got my first job and paid off my grad school loan.

4. Started retirement savings at 24 so I had a good chunk of money by 30 and didn't feel bad about stopping contributing past the match to save up and buy a house with my husband.

5. Our first house was ugly, small, and way far out. We stayed for 10 years, through all our friends moving away and into better places, earning equity and saving up since as our incomes rose, our housing costs stayed the same. 
And now I'm in a great house in a great location. And I have granite! So fancy.[/quote]

Gonna go out on a limb and say you weren't born in 1990[/quote]

PP here, What part of my strategy is to relevant to someone who was born in 1990?  Exactly which part?[/quote]

1. Getting $50k handed to you by parents = relevant to no one

2. Tuition was exponentially cheaper when you went to school = your "spend no money on college" strategy is not relevant to young ppl

3. Tuition was exponentially cheaper when you went to school = the fact that you paid off all your grad school loans in a few years is not relevant to young ppl

4. Over-saving for retirement is hard when you have enormous student debt = save a ton of money from 24-30 is not relevant to young ppl

5. You bought a house in this area when houses were way cheaper and enjoyed significant appreciation = not relevant to young ppl

The end[/quote]

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