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Reply to "Is home ownership out of reach for people under 30? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Get married and come in with two incomes you should be able to buy a ok townhouse before 30 if you have good financial habits throughout your 20s. If not you need family money to bail you out. [/quote] Maybe if you don’t have student loans to pay off. [/quote] If you didn’t get a higher paying job to offset your investment in a degree then that’s on you. [/quote] Is that what your tell your kids about me? That I made a poor life choice? No wonder kids today are rude and entitled. -a teacher[/quote] My kids are too young to discuss college degrees and ROI. You can pursue a career in higher education without being a teacher if you want to afford a house and pay off student loans. [/quote] Who would teach your kids if everyone followed your “advice?”[/quote] Go back to the OP. This is about affording a house under 30. You cannot in a HCOL area without getting a higher paying job. If you want to go back and be a teacher/professor etc. later on in your life then that’s more practical financially. If not, you’ll be stuck making 60-80k and not afford a house or payoff loans unless you marry rich or have family money. It’s just reality, has nothing to do with me or my kids. My kids shouldn’t need special discussions to understand that. It’s common sense. [/quote] We did it, and we both teach for the public schools. Actually, at the time DW was making much less in a private school. We know other 2 teacher households under the age of 30 that have purchased homes recently. [/quote]
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