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[quote=Anonymous][quote=Anonymous]2 of you working for 10+ years and you couldn't save up for down payment? Paying mortgage on a condo would have been forced savings. Stock market has gone up almost 4x since 2012. Apple went up 10X since 2013, Tesla 50x and FB 10X.
Not too late for you two. Both of you need to get a 2nd job at night and weekends, and you should be able to buy something in two years. Working 2nd jobs will keep you from spending.
How low is your income? Can't be lower than my $35k. I think you have spending problem and you don't invest. You got to invest if you have low income. Saving is not enough.
[/quote]

Not necessarily working in the same place and not saving. My husband and I both have PhD, so we spent our 20s making barely anything (I was so proud of myself for saving 5-6k of my 24k income In a Roth IRA). There really wasn't enough left over for a substantial down payment, and we also expected to move around for jobs and postdocs. When we graduated, we decided starting a family was a top priority due to family history of infertility, so paying for day care while trying to launch careers delayed buying for a while. We definitely did not want to put our down payment savings into the stock market since we hoped to buy in the near term, but it took us 4 years from when we got our first jobs in the DC area.

Eventually we bought a fixer upper in MD and I have to commute to DC because our incomes don't get you far here, so it's doable with compromise. My larger point is just that people can have trouble saving or not being able to settle down long enough to buy without it being the result of financial illiteracy or a spending problem. [/quote]

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