Reply to My aunt started working as a maid at the Watergate after graduating HS & bought a home in Arlington

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[quote=Anonymous]We just purchased our second home in an area with fantastic schools. We paid just over $1m for the center hall colonial and that was actually a deal per the appraisal. We are the second owners and the original owners paid $135k in 1982. The husband worked his entire life at one company and the wife was a stay at home mom with their 3 kids. Just from chatting with the wife a bit, they lived a solid upper middle class life on one salary. Ski trips, beach trips, maybe one or two visits to Europe, camp for the kids, college tuition. That life isn’t coming back. The only reason we were able to afford that home, despite both of us working our butts off is because our first home (in a crappy area that is slowly becoming gentrified) sold for $300k more than we purchased it for 6 years ago. We were only able to afford the first home thanks to help from my in-laws. It’s frustrating to hear people say “well, folks back than didn’t need 6000 sq ft homes and all the latest amenities”. That’s not the reason why millennials are struggling to purchase homes. My friends who don’t have the luxury of family stepping in to help can’t afford an apartment, let alone a starter home. [/quote]

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