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][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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An econ grad who worked on the Hill and here totally glosses over the variability in circumstance and its impact on peoples' ability to buy a house? Unintentionally demonstrates the role of luck in these things.[/quote]

What luck?  I don't have rich parents.  Do you know what it was like to make $15K a year with no parental help? Even in 1993?  I had 5 roommates and sucked it up.  I went to law school.  I still have $100K in law school debt.  When I bought my first house, my parents couldn't help.  I bought it in Brookland, which was the equivalent to Anacostia at the time.  Not really a popular place.[/quote]

Having an economics degree and being involved in legislation and still being blind to the role circumstance play does not make you look like a sharp tack. That you came back and doubled down makes you look even denser. When clueless folks have things work out for them, they always think it's to their credit. Lol.[/quote]

Dense about what?  I don't understand your comment.  What role of circumstances?  My father has a third grade education.  You meant those types of circumstances?  Not having family money - you mean those types of circumstances?  Living on ramen noodles and never expecting anyone to do ANYTHING for me - those circumstances?  I bought my first house using DCs first time home buyer program.  They give you up to $80K.[/quote]

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