Reply to Ever seem like people in the same HHI range as you are much wealthier?

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Reply to "Ever seem like people in the same HHI range as you are much wealthier?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't forget some people also may have started with no debt, inherited money, or sold their first house for a big profit - all of that matters when comparing lifestyles, even when income is the same.[/quote]

Yup. I'm 40. I bought my first house in 2000, at age 22. I made $225k off that, then bought another, made another 150k, and another made only 50k and now live in a very nice home well above what most people in our income level might afford. Having a $2,300/mo mortgage in a. Neighborhood with homes worth 7 figures allows for a lot of flexibility. I was done having kids at age 28, which has left me in my prime earning years with nearly no childcare costs with my prime earning years in full swing. Many of my colleagues and friends the same age have small children and are facing down the need to move due to schools and are squeezed by housing and daycare, neither of which are  financial concerns of mine.[/quote]

If you are 40, weren't you a new college grad or just a year or so out of college in 2000? Where did you get enough money to buy a house (even at 2000 real estate prices) at the age???

Did you inherit money/have a trust fund? Marry someone older & more established who paid for the bulk of the costs involved in buying then owning a house? Get a large cash gift from your parents or another relative when you graduated/turned 21/whatever? Get an interest free, no credit check required loan from a parent or other relative?

Or did you skip or put off going to college after high school so that, while most of your DCUM peers were in college making little to no money (&, in some cases, aquiring large amounts of debt in the form of student loans), you were working full time & saving a lot of your salary by living very frugally (or living with your parents )?[/quote]

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