Reply to How does someone buy a 2M+ house in their 20’s just a few years out of grad school?

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Reply to "How does someone buy a 2M+ house in their 20’s just a few years out of grad school?"

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[quote=Anonymous][quote=Anonymous]I hate how everyone assumes this is family help. My dh and I both graduated w/ zero debt and took high paying jobs right out of school where we had crazy hours so spent barely any money and stashed everything away. We also had each saved a lot from our jobs before senior year and working senior year. Add to that our sign on bonuses, which we both invested. I bought a coop my first year out of undergrad and had a great turn on it. Sold it 3 years later and combined that profit with what each of us had saved up. We used that for the down payment on a $2.2M house and my half of the monthly expenses were not any higher than what my monthly carrying cost for my 2 bedroom coop had been. The new property was a DC row house w/ a legal basement apartment that we rented out for I think $2200. 
It annoyed me to no end when I’d hear people say must be nice to have generous parents or whatever. This was all on us while the bitter friends were going on endless instagram worthy trips right out of college. Yes our hours sucked for the first 5/6 years but we knew they would get better so we just kept our heads down and sticking money away. We were definitely lucky with both the stock market and real estate market timing, too. [/quote]

OP here, this is definitely not the case. I just asked her what their interest rate is and she said it’s paid in cash. They were renting before this. I did some research (google) and the parents look wealthy from what I can find. Yeah I’m nosy and have nothing better to do, lol. [/quote]

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