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Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous]I am a Gen Xer and I think it’s still possible to build wealth. We bought our first house in late 2008 in an exurb, for 475k. We commuted 3 hrs everyday for 10 years, had 15 yr mortgage and sold the house in 2019, net gain was 300k (not much appreciation). We bought in McLean in early 2019 for 1.3 mil, our house is currently at 1.9 mil+, the way I see it we did work hard by commuting 3-4 hrs daily, that’s how we built the down payment for the next property. So, it’s happening all around you and it’s still possible.[/quote]
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