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Real Estate
Reply to "Housing is the new source of inequality"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]+1000 DH and I lived in a condo for 6 years. We lived off one salary and worked 2 jobs until first child born. We put most our savings into a home after 5 years. We did not have things others find necessary- gym membership, two cars, home phone, cable, eating out, etc. Granted, we had good professional jobs but we wanted a nice home in a nice neighborhood when our kids went to school. [/quote] This is a red herring. Other people who didn't pay for gym memberships weren't able to buy a condo in an expensive area to get on the property ladder for a wide variety of reasons. They weren't just irresponsible big spenders. I hate this "we were virtuous, why can't everyone else be too?" [/quote] +1 especially when they did that 10 years ago when affordability was much more closely tied to income. For those in their 20s just starting to work and those in their 30s paying down college loans and saving for a down payment, their worse financial mistake was being born too late. Some people really do live in a bubble.[/quote] Or they made poor choices with the college loans and want to complain. [/quote]
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