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]Well, DH and I were born in 1982, but I'll throw in anyway. He didn't start earning a real salary until he was 27; fortunately he spent that time earning a PhD in a practical field, fully funded, and did not pursue a career in academia (no hoping/waiting for dwindling tenure-track professorships). I didn't start earning a real salary until I was 27 also. I worked low-paying jobs after college and took out $60k in loans for graduate school. Fortunately, I landed a job right after finishing my M.A. and earned enough that the loans were not a significant hardship; however, I did not earn enough to pay them off quickly.

We both moved to DC after finishing our education, so we weren't saving much with the high cost of living. We met, married, and had a child in our early 30's. We are still renting in DC. With $80k in savings, and a kid, we will never be able to buy a house in this area. The sacrifices it would require are out of the question for us, for a bunch of reasons.

Our savings is more than a down payment on a nice house in a good school district in the areas each of us grew up in. We simply have to move - that's all there is to it. [/quote]

But do your skills lead to well paying jobs in those places?[/quote]

Him - undoubtedly
Me -  Could afford and stomach a pay cut [/quote]

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