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Real Estate
Reply to "I used to think a million dollar house would be a mansion"
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[quote=Anonymous][quote=Anonymous]Initial post was about a 29 year old buying a million dollar home. While it can happen, a fed or consultant from one of the firms at that age ain't that person without mommy and daddy shelling out cash.[/quote] This isn't true. DH and I bought our current house in our late 20s. It was 900K plus over 100k we spent renovating it before we moved in. We paid the 20% down and paid for the renovation in cash. We saved up all that money (easy to do because we had no kids and were frugal). We are both feds and at the time of the purchase we were both high GS-14s. Now, we have lived in our house for 6 years and paid down our mortgage to less than 500k and have a healthy TSP fund plus other investments. We are saving less now because of childcare costs but we are still very frugal (lots of hand me downs from the neighbors' kids).[/quote]
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