Reply to Anyone else who will likely never be a home owner?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
OK.  I'll bite. I'm a gen xer in my mid-40s.  What systemic barriers did you face that i didn't? [/quote]

Multiple recessions[/quote]

Gen Xer here who graduated college in a recession and spent years underwater on a condo during the Great Recession of 2008. I also had unpaid parental leave and had to pay 100% of my student loans even though I’ve spent my career in public service. [/quote]

What recession did you graduate from college in? [/quote]

Gen-X here -- graduated during early 90's. Could not get a job. PhDs were driving cabs. Look it up[/quote]

yep! I graduated in 1990, had to work two retail jobs to pay the bills. [/quote]

For how long? That's not really a sob story. Poor little thing had to work retail after college! [/quote]

I worked three jobs, and two of them were pretty crappy bosses!  I knew from growing up in a lower income environment that saving and making money was my only way out, I watched and I learned what I did not want for my own life.  Meanwhile my friends had their hair styled professionally, nails (sculptured at the time) were always on point, clothing spectacular and they had credit card bills out the a...    It was a matter of choices, I wanted to own my own condo more than anything.  I accomplished that by my mid twenties because I worked multiple jobs even while in school.  Did it suck, yes, but so did growing up poor and hungry.  I have a good life now because I sacrificed while so many of my long time friends did not and they are paying that price now.  [/quote]

A bit of an aside: I'm always confused when people seem to know the details of their friends' finances, down to credit card bills. There have been periods in our lives due to unexpected circumstances where we carried a high credit card balance, but I never would have discussed such things with my friends. Sure, I know who is renting or who isn't and can certainly guess incomes and such from their homes, but I generally think people's finances are so individual that its hard to know whats really going on. [/quote]

I agree. I am 33 and I rent. I don't have any credit card debt and I get my hair done all the time and nails done. I travel a lot and people probably think I spend like crazy. I like renting where I live for now. I save a lot and invest a lot. My rent is a drop in the bucket. I will eventually buy but I just don't see the rush.[/quote]

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