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Reply to "How do so many young families have $80k SUVs?"
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[quote=Anonymous]My block we have a couple who just paid two million for home and doing a one million renovation before move in. They look young but they are like 37-39. They are surgeons. Yes one surgeon married another. A newlywed couple moved in around 28 in a 1.5 million dollar home in summer 2020. I met them. As simple as parents gave them downpayment as could not do wedding due to covid and they got a 3 percent mortgage. Parents wanted couple nearby, both parents are from Potomac. A 1.2 million mortgage at 3 percent when both work and no kids yet is not bad. They now have kids and she is now a a SAHM. at 33. Guess what even if they never pay own mortgage and stay forever the 30year mortgage is done at 58 and people will say how can you afford to retire at 58. [/quote]
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