Reply to how on earth can we save a down payment?

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[quote=Anonymous][quote=Anonymous]Sorry, it's hard.  We saved significantly before we had kids and we bought the house that we wanted to raise kids in.  It would have been much harder to save enough after kids.  But this is part of why we didn't have kids until 9 years after we got married.

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This.  DH saved a significant amount of cash including from his early 20s.  We got no help from family; however, we are both professionals w/ pretty decent salaries.

We were married at 32 and then bought a house at 34.  We bought the house we would raise our family in (n. arlington) b/c we realized that we had already missed the boat on getting a starter house and then trying to roll that over into a bigger house (once you factored in closing costs).

Even so, it would have been a challenge to save the amount we did w/ childcare costs (we have a nanny) for two kids.  We did not have kids until 3 1/2 yrs later at 38, but that wasn't b/c of the house.  We, rather, I was not ready before then to start thinking of raising a family.

If you do the math, depending on where you live, it may not be worth it to buy a house.  I have a friend who talks about the tax deduction but unless you buy a really expensive house, he's not getting much more than the standard deduction.  Also, he's not really calculating all the additional costs of home ownership (property taxes, increased utilities, shoveling, gutters, lawn care, buying new air conditioner).[/quote]

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