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]I think there is one bitter poster on here that keeps discarding people's well thought out, practical plan for sacrificing and saving for a reasonable home.
I certainly hope they are not representative of all millenials and that some people are reading and getting valid tips.
These posts are usually about "how can I buy a nice home right now" when the question is "how can I start to prepare right now to eventually buy a nice home in 10 years"[/quote]

It's not 1 person.  There is a huge paradigm shift taking place in this country right now and it is in effect shrinking the middle class.  These posts are comimg up more frequently and the despair felt by millenials who worked hard and made all the right moves are seeing their prospects becoming worse with each passing year.  We are the 1st generation be financially worse off than our parents.  I'm an older millenial and feel fortunate to have already secured my forever home but only bc we were gifted half the downpayment as part of an unexpected inheritance.  This is not everyones circumstance and the current policies favor further erosion of the middle class.  Why does stating the crappy prospects get to you so much? Stop drinking from the Bob Boomer punchbowl. 
[/quote]

No, there are $200k homes out there that aren't good enough for your generation, that we all started out in and yes, commuted like hell, to get to a point where we could move up and closer in when we were older.
You want to live in a dense urban area, in a hot market, with a short commute in your 20's and despite post after post telling you this is how most people EVENTUALLY get into a nice home, someone actually stated here that unless you make $200k you can't buy a home. Which is bullshit.[/quote]

$200k homes? Are you looking in West Virginia? And pretend that is equivalent to your 90s commute from Vienna? You are daft. I am glad you made money on your home since your menta capacity for earned income is diminished. [/quote]

Mannassas. [b]We commuted from there to D.C. for years.[/b] And try townhomes or condos. Or are you actually insisting on a SFH for your starter home? There's your entitlement showing[/quote]

And which years were these?  Because traffic along 66 continues to get worse.  It could easily be 90 min - 2 hours one way to commute to D.C. From Manassass during rush hour.[/quote]

We took public transportation. You think we had 2 cars? This keeps getting better.[/quote]

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