Reply to Anyone else who will likely never be a home owner?

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Reply to "Anyone else who will likely never be a home owner?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What’s with the focus on iPhones? I mean, I agree you need to make smart financial choices/make sacrifices to be able to afford a home but iPhones are getting mentioned as a signal of frivolous spending to a bit of an amusing degree.  [/quote]

Exactly what I was wondering.  It used to be getting Starbucks every day was frivolous spending.  Now it is iphone?  Starbucks is a waste.  But an iphone is 1k and if getting the latest every year with trade-in the new phone will be half price.  So one iphone a year is $500 average cost.  Can’t buy a house with those savings.

The OP gave no details about why the OP will never be a homeowner.  Appears the OP works in DC and wants a house in DC, not willing to live outside the city.  Fair enough.

If OP would consider living in the suburbs, there are many options.  My neighborhood is $600-700k range, 3000 sq ft.

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Not the pp who said iPhones, but it looks like their point is that many people complaining about not being able to afford a home could afford one if they saved more. [/quote]

It’s not the actual cost of the phone but the reoccurring monthly charge.  Times 2.  Then adding in the vacations, cable, cleaning person, gym membership etc.  It can all add up easily to $1-2k per month that could go towards a downpayment.

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