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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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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This. It’s not any one thing. It’s a mindset and way of living. We did not have any of the above before buying our first house. Frankly we still don’t have a lot of it and we are fine with that! We do have a nice house though. [/quote]

How many years did you forgo cell phones, vacations, and gym memberships to afford a down payment?  When did you have kids? Has your job ever required you to move to places with horrible public schools?  Has your job ever required you to move at all? How much have you spent on medical bills not covered by your insurance? Did you need space for one of your parents to live with you? 
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From college graduation to age 27 when we bought our first house (a townhouse.) Had our first baby at 28. We have remained local and only traded up one time, to our current house. There is room for a relative to live with us if needed. We could easily trade up again but are content with what we have. We still don’t have gym memberships or fancy phones, and don’t get takeout coffee. We do take vacations now thankfully! [/quote]

So you were dual income straight out of college? [/quote]

Yes. But if not living with my then boyfriend (now husband) I would definitely have had roommates! Also we did have phones but the cheapest “free” phones on the absolute cheapest plans we could find. Old beater cars. Minimal new clothes and when we did get them it was Kohls and Old Navy on sale. Absolutely no brand name anything. [/quote]

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