Reply to It’s extremely hard to raise kids in a nice neighborhood without generational wealth

Forum Index » Money and Finances

Reply to "It’s extremely hard to raise kids in a nice neighborhood without generational wealth "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]7 pages in and everyone is contributing their own version of “screw you, I got mine” while ignoring OP was focused on those under 35 buying $2-3M homes.

We get that many of you saved aggressively and traded up between mid 30s to 50s. You all keep repeating the same story that ironically was only possible for most of you because of unprecedented property appreciation in this country since 2008. Yet you all think you’re brilliant for benefitting from a macroeconomic trend.

[b]How many PP’s bought a $2-3M home under 35 with kids without parental support or a trust in the DC area?[/b][/quote]

My 28-year-old son and his 27-year-old wife just purchased a $2M home in McLean with $1.2M down and an $800K mortgage. He graduated in 2020 and is currently working as a senior software engineer for Amazon for a cool $350K/year. His wife graduated in 2021 and is currently working for Google for a cool $300K/year. They got married in 2020 and lived with my wife and me for five years to save the $1.2M down payment (with some luck in the stock market) prior to purchasing the home. They plan on paying off the mortgage in the next two years. It is not that difficult.[/quote]

Do you have a guest house? It would be a cold day in hell that I would agree to live with my in laws or future daughter or son in law. Share a kitchen, family room, and laundry room? Have sex with them down the hallway? [/quote]

They lived in our guest house, which features a full kitchen, family room, and laundry room. Fortunately, we spend our winters in Florida and Vietnam and travel extensively between spring and fall, so we really only saw them during the summer. FWIW, I get along great with my daughter-in-law; she has actually been my younger daughter's best friend since first grade.

[/quote]

I’m the PP. Nice deal. The guest house set up would work well even for me.  [/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