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Real Estate
Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"
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[quote=Anonymous]Here are a few paths - 1. Help from parents 2. Bought a condo at 25, sold it when they got married and bought a townhouse at 30, sold the TH with kid #2 on the way, bought a $800k SFM at 35, did some nice renovations, sold at a good time, bought with significant equity 3. Bought a $800k home at 28-33, got used to paying $3000/mo + in childcare. Youngest goes to kindergarten and money saved gets applied to a larger mortgage. 4. Bought a condo/TH/SFH by living with roommates and eating ramen. Sold at a good time. Combine with hitting the career point where people are promoted to VP, Partner, Director. MD specialists are finishing residency and fellowships. [/quote]
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