Reply to How do people afford...

Forum Index » Money and Finances

Reply to "How do people afford..."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Another thing to keep in mind is the singles penalty versus married. A professional couple who started dating in college or grad school, moved in together at 25, got married at 27, can build up a significant financial advantage over a single with the same jobs. 150k HHI versus 300k HHI. [b]Couples who get together sooner also tend to buy a property sooner,[/b] meaning they're on the property ladder faster and can benefit from appreciation over 10 years to leverage that first 350k condo into a 1M+ property 10 years later. DC has a lot of these young professional couples.

I'm a single who did buy a property and in four years it's definitely appreciated nicely. But my peers who are married and were able to buy a more expensive property at the same time have done even better for the obvious reason - more value generates even more value. [/quote]

This. My sister got married at 21 and they bought a condo using some inherited money as a down payment. Later they upgraded to a SFH, then another SFH which with renovation and appreciation is now worth $2M in their 40’s.[/quote]

Same. We got married at 25/28 and basically  flipped every real estate purchase—7 in 10 years, we now live in a $2 mil home and have a 2nd home. No family money and neither one of us are handy, we just flipped homes as the military transferred us. We also lived off one salary for 5 years before having kids and still lived well as DINKS. [/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