Reply to Millennials: the house you grew up in vs. your house now

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[quote=Anonymous]Home prices are a lot higher than they were 30 years ago or whenever your parents bought their home (https://fred.stlouisfed.org/graph/?g=kYEb )

There are more people trying to buy in the same neighborhoods. My parents bought their SFH in Bethesda for only a little bit more (when adjusting for inflation) than DH and I paid for our townhouse in Silver Spring/Wheaton last year. Of course my parents had much higher interest rates. They were also generally better off financially as they didn't have student loans, my dad had a pension and probably had a much better salary as they could afford a 15 year mortgage with my mom as a SAHM and two kids. We only have one, dual earners and feel a bit stretched, in part because we are maxing out our 401ks and saving for college (also paying for daycare). Everything is more expensive now, though my dad is also generally more successful than we are, which I don't spend a lot of time agonizing about (my dad never got home before 7 and my mom was miserable as a SAHM).[/quote]

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