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]I was born in 86.  DH was born in 83.  We own 2 houses, one in Lorton and one in New York State that we rent.

We bought the house in Lorton with less than 20% down in 2012 for $500k. At the time, HBO was $150k, but it's now $260k. No big deal because it's appreciated almost $100k, and we can get PM I removed in a few months.

I bought a house at 24 that I sold and made $25k on, we used that and some other savings for down payment. House in Lorton was a fixer upper but plenty big for two kids. South County High School seems to be a decent school as well. We have a beautiful yard, plenty of space, and easy commute via VRE. I think because we were willing to live in an area that's not "hot", we were able to buy. I like it here though, neighbors are friendly and we've made lots of friends. So millenials, there is hope. [/quote]

You both commute downtown trombone lorton on VRE? Do you have kids? VRE is fine if just one parent commutes, but since it only runs rush hour directions it is problematic if you need to be home earlier or go to work late bc of kid stuff.  I guess the occasional 30 mile uber is cheaper than a more expensive mortgage?[/quote]

We both commute downtown with two kids. Lorton is also about 18 miles from downtown DC where we work, not 30 miles, and were both walking distance to L'enfant. The occasional Uber for a sick kid pickup runs about  $25. Actually had to do it today, which is why I'm on DCUM.  However, transit subsidy covers the VRE ticket and parking free, so an occasional Uber ride isn't going to break the bank. [/quote]

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