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]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]

I don’t think there is any disagreement on the base point: Live (and save) within one’s means. We had all of the above before buying a house and while we were saving for one because we could afford to do so due to high incomes. Could have bought earlier but didn’t feel the need to until we were thinking about starting a family…renting made more sense for us until that point.

But even admitting that, I don’t think an iPhone is indicative of the same sort of mindset that expensive vacations represent—assuming one is spending money on those as opposed to saving when they want a house. Perhaps you are from an older generation. An easy-to-use and widely compatible smartphone, of which an iPhone certainly is one example of, is an important part of how people live their personal and professional lives. For proof of that, look no further than the cell phone stipend or independent work cell many companies offer as a standard benefit. It just struck me as quite odd and an example of almost looking for things to criticize others for. The PP who pointed out people very rarely pay full price for a new iPhone (which also isn’t always the most expensive phone) is correct and most would consider the monthly a pretty standard utility at this point. [/quote]

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