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

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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][quote=Anonymous][quote=Anonymous]^ sorry, meant which part is NOT relevant to someone born in 1990?[/quote]

You're totally glossing over price levels and wages, especially for lowly ranked schools.[/quote]

Nope.  Stop the whining. We worked our butts off, started at the bottom career wise,  and house wise, lived in crappy apartments and an awful fixer upper arhat we never really fixed up and played the long game. I'm 39,  not a dinosaur. 
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Uh, to someone born in '90, yes, a dinosaur. The circumstances of the world sure as hell change in over a decade.[/quote]

Yeah I'm 33 but baby brother is 23.  Everything will be massively more expensive for him and I feel for the other kids in this age group.
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I'm sorry, I don't get this.  I graduated from college in 1991.  After getting my Master's Degree, I made a whopping $15K a year.  Houses were $150-$200K in bad neighborhoods.  That might as well have been $3M.  Felt the same as you feel now.  People were buying in PG County then b/c it was much cheaper, just like it is now.  It's all relative.[/quote]

What did you major in? All the kids I know are majoring in practical fields ie comp sci, finance, pre med or dental, engineering.  If you major in something thats hard and youre compensated well - it should be a stepping stone towards a decent middle class life.  [/quote]

I majored in economics with a master's in public policy.  I worked on Capitol Hill.  Not unusual.  It paid off.  I later went to law school.  The point is that I made no money and I didn't have anyone to buy a house for me or bail me out.  I had to make the sacrifices to do it myself.  There was no golden era in DC.

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So basically you didnt have a high paying job - your luck or your choice.  Some people go to school expecting a certain salary based on their skill set.  The salary isnt guaranteed but it is fair to make market based assumptions.

Finance analyst out of school are making 60k at my company and physicians make 150k.

Bail outs are only for the banks silly rabbit![/quote]

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