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[quote=Anonymous][quote=Anonymous][quote=Anonymous]First home took me till age 37 to save up required down payment (1994).  Also had to pay off school loans, car, CCs, etc., before I could qualify, but once I was "in," was able to roll over to better homes over the next 20 years.

[b]I think purchasing your own property is more important than a college education (I have an advanced degree) - at least in this area. [/quote][/b]

How so? I don't get this. Renting isn't evil; I hate that attitude.[/quote]

PP I rented for 15 years before I could afford to buy.  I don't think renting is "evil" I'm just saying that of all the investments that one can make, IMO, purchasing a home is so important for a number if reasons... 1) freezes the monthly amt you pay for life of loan or refinance 2) tax deduction 3) builds equity you can use for larger and larger down payments for future homes (until you are free and clear and maybe have money left over), and 4) future retirement income (rent, sell, reverse mortgage). 
I hated renting so I sacrificed for 15 years so I could come up with the 10-20% down (didn't qualify for FHA). I'm just saying, I've been where you are and I hope you can save your down payment for that first financial freedom milestone.

My suggestion that it is more important that college will prob be unpopular. But college tuition is a big chunk of a first home. Then, going back to night school while you work and pay your way through college more cheaply while you live in your home is becomes another alternative to managing college prices.

Good luck OP it does suck. I thought I'd be 40 before I could reach that first challenge with savings, but it's all much more smooth sailing after that.

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