Reply to If you were born in 1990, how do you plan on ever affording a house?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How?
1. No wedding. Got $50k total from 2 sets of extremely grateful parents that had just thrown  over the top weddings that was way more than $25k for each of them.

2. Went to an uncool you-never-heard-of-it school and had no undergrad student loans. Worked summers, weekends all through undergrad and grad school, even in the school cafeteria, the horror, and was an RA.

3. Lived in an apartment with roommates for years after I got my first job and paid off my grad school loan.

4. Started retirement savings at 24 so I had a good chunk of money by 30 and didn't feel bad about stopping contributing past the match to save up and buy a house with my husband.

5. Our first house was ugly, small, and way far out. We stayed for 10 years, through all our friends moving away and into better places, earning equity and saving up since as our incomes rose, our housing costs stayed the same. 
And now I'm in a great house in a great location. And I have granite! So fancy.[/quote]

The very fact that you consider $50k for a wedding reasonable (and your parents gifted you that much) tells me you are starting from a very different place than OP. I'm your age and $50k was an ungodly budget for a wedding back then. We got married in the church and had a reception in the church hall.  And going to a no name school is a huge gamble, but I bet you had connections to make sure it worked out at least as a backup (work at dads company).

Gonna go out on a limb and say you weren't born in 1990[/quote]

PP here, What part of my strategy is to relevant to someone who was born in 1990?  Exactly which part?[/quote][/quote]
The very fact that you consider $50k for a wedding reasonable (and your parents gifted you that much) tells me you are starting from a very different place than OP. I'm your age and $50k was an ungodly budget for a wedding back then. We got married in the church and had a reception in the church hall. And going to a no name school is a huge gamble, but I bet you had connections to make sure it worked out at least as a backup (work at dads company). [/quote]

Sigh. Reading comprehension is so hard. We got $25k from 2 different sides of the family. We didn't have a wedding. So obviously I don't think 50k is reasonable for a wedding, since I didn't even have one.
But yes, keep glossing over how we
We bought in PG county and stayed for 10 years. Commuted like hell. Home you wouldn't even consider because it's not pretty enough. Or in a good location.
Rented with roommates for 7 years in my 20's, in an uncool area and uncool apartment, paid off grad school loans.
Invented the "Netflix and chill" because that's all we had money for. Highly recommend that of course.
Started saving even just $50 /month in an IRA at 24. Stopped contributing for about a year to buy our first home.
We earned less than $100k combined when we did. 
See above about not buying until 30 and living way below my means in my 20's to save.

The problem is that you want advice about how to buy a $500 home close in. That's not reality. And then whining when people point out you have to start at the bottom.
Delayed gratification is hard, but it's  the only way.
I'm simply trying to say that you have to wait, hold tight, plan, and be humble and am getting pounced on by people claiming all sorts of excuses. Your life isn't going to be just like  mine. But to jump all over a very solid, yet boring, steady way to decent home ownership by 40 is just propagating all the stereotypes people make about entitled millenials. 
So stop.
[/quote]

You were given 50k, and you want people to impressed, because you didn't have a wedding? Just quit while you are ahead lady. [/quote]

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