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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm 26 and I live in a $1.6mm 3-story, 3500 sq. ft. townhouse. I only needed to mortgage a little over 200k, so I pay $1100/month on a 15-year fixed. Back story--I inherited the townhouse and I didn't actually need the mortgage but we wanted to modestly update the kitchen and rewire the house. The property taxes are $16k/year. Considering our income, I don't feel like we are stretching it.

The home has also been in my family for years so it's nice to carry on the history.[/quote]

LOL![/quote]

I don't know why you think it's so funny. It wasn't a joke. [/quote]

Really, you don't get how nice it must be to be in your position????? Of course you're not "stretching it," you've basically inherited 1.5M.  :roll: [/quote]

I get it. I just don't think it's "LOL!" worthy. By "stretching it," I was referring to being able to afford the property taxes, maintenance, all the expenses of a big house. It's not as if we can't afford to live in the house and it would have broken my heart if we weren't in a position to live there. I wouldn't be able to bear selling the house. And, yes, it's definitely nice to live in the house that I grew up in. [/quote]

Clueless, totally clueless. :roll:[/quote]

It's not all about money. You can say I'm clueless but for me it's about the memories. I know I'm fortunate. Thanks, though![/quote]

Don't worry about the PP.  No idea why she's being so bitchy, but it's only one person who keeps arguing with you.

I too inherited a house.  I'm selling it, though, despite it being in an amazing area, because I need to start my own memories (totally personal choice).  I'll essentially inherit a house, though, because I plan to use the $$ to buy a house that I couldn't afford on income alone.  That said, my parents died young and tragically. [b] I don't really get the whole 'resentful of family money' thing.  Would I rather have my parents?  Sure.[/b]  But they were frugal and saved to, in large part, make my life and my family's easier.  I recognize that in some ways I'm fortunate and in some I'm not, just like most people.[/quote]

generally when people speak of "family money", they don't mean an inheritance (i.e. the parents are alive and well).  Most of the "family money" young home buyers in NW DC have the money and the living parents. [/quote]

So who buys the houses?  The parents, and it's in their name?[/quote]

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