Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote][b]Meanwhile I watch my nieces and nephews in their late 20s, as well as my own children to a certain extent, complain about how they will never be able to afford a house. Yet they rent in expensive neighborhoods, generally don't have roommates, eat dinner out almost every night, take expensive vacations, buy expensive clothes and yes, drink those $$$ lattes.[/b]

Sorry OP but DH and I took took risks and sacrificed all these years to reach the point and we have no plans to downsize.[/quote]

Yes, my own DS is in a very nice luxury apartment in a very nice area. My DH and I rented for years in some real dumps in order to save money to buy in the dreaded suburbs. We are still here. We are not inclined to help him with a down payment anytime soon. He seems pretty happy with his lifestyle and we feel that there is no urgent reason to really own a house anyway (and maybe there never will be). He is probably better off renting and enjoying his life. I think he was not so impressed with how much sacrifice we made to get where we did in life. If he changes how he operates we might be more inclined to help him. Just saying. And yes, we pay full taxes. No breaks for us. [/quote]

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