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Money and Finances
Reply to "When were people in the DC area able to afford their first house?"
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[quote=Anonymous]At age 32. I was completely clueless about financial matters, even though I had a JD from a top law school and a high-paying job. I was saving in my 401(k), but not for a down payment. One of my parents died, leaving me a good-sized life insurance payout. Voila -- DH and I had an instant down payment. It would have taken us a while to save up a down payment, since we were not savvy and were focused on paying off student loans.[/quote]
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