Reply to How does someone buy a 2M+ house in their 20’s just a few years out of grad school?

Forum Index » Money and Finances

Reply to "How does someone buy a 2M+ house in their 20’s just a few years out of grad school?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid just did this.  We did pay for college (and they got a masters within the 4 years) so no school debt.  Got a great job and saved like heck.  It can be done.[/quote]

It can be done. But it a smart use of funds? We’re a tad older in early 30s and could easily buy a $3M house tomorrow with our HHI and savings.

But should we, when the market tells us the rule of 72 and all that? Why would we lock up so much liquidity in an asset that depreciates much more slowly than equities when we’re so young and have so much compounding ahead of us?

If you come from a normal background without expecting an inheritance it’s a bigger thought exercise than simply “can I afford this” - it’s about the time value of money. [/quote]

Your generation hasn't experienced a stock market crash yet like 2008. It can go poof very quickly. The blind optimism of 20-30 somethings when it comes to equities is really remarkable. Especially today when stocks are at their highest valuations ever. Tick tock, tick tock. It's gonna happen again. [/quote]

Spoken like someone who has missed out on a lot of stock market gains.  I’m sure you sold off at the beginning of 2025 and are just praying for a drop of over 30% to get back to that level.  Yes - this insane crash you say is coming will bring us all the way back to 2025.

Financial incompetence here on display.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics