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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the posters in this thread responding negatively to OP about how they did this in their late 30s or 40s missed the key part of OP's original post which is the focus on people under 35 buying $2-3M+ homes.

Of course if you save for 15-20 years and get paid a lot and maybe inherit a bit too you can buy that high.

OP was focused on those doing it BEFORE 35 which seems like a much narrower pool. Eg even if you're a big law partner, that isn't kicking in until 35 at the earliest. Lobbyists also don't hit close to $1M until mid/late 30s. Tech $ / appreciating RSUs will get you there but we don't have a critical mass of that in the DC area. [/quote]

This. So many people pooh poohing DC, that they pulled themselves up by their bootstraps, lived in the smallest crappiest house in a nice neighborhood, drove a crappy car, bought at age 40, etc.

That's not the point of OP's post.  The point is that when you look around bethesda or mclean in 2026, there are a shocking number of 35 and under people with 3 kids, and 2 bmws and a stay at home wife who are buying all the new and nice homes for $3m+.

This makes absolutely no financial sense and obviously these people are using family money.

OP's point is that that life is certainly locked out to people at age 30 unless you have family money.  [/quote]

millennials are using the IRA and 401K money. [/quote]

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