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Reply to "For those 45+, how good were the 1990s, actually?"
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[quote=Anonymous][quote=Anonymous]I bought a nice starter townhouse for $95,000 in 1995, which was a little less than 3x my salary at the time. I was 28 years old. Nice neighborhood. It was small but just 7 years old at the time. It didn't appreciate for 8 years and then in 2004-2005, its value ballooned and I sold it for $202,000. I did it on my own. That's how amazing the 90s were. I was solid middle class and single, and was able to buy. I ache for young folks today. [/quote] Same. I earned $60,000 in 1995 as a 27 year old. As a single woman, I took my $40K signing bonus and convinced my parents to loan me the the rest of what I needed. Then I bought a small house in Chevy Chase DC for $249,000. The mortgage rate was around what it is now, so it was a stretch to make that mortgage payment, but with a roommate, I made it work. [/quote]
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