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Reply to "Is this possible without family money?"
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[quote=Anonymous]I would guess they probably had family help in the sense that they went to decent high schools (private or good public), didn't have a ton of college debt (scholarships thanks to the good high schools, or paid by parents), were able to start saving early, and have a family safety net so they aren't afraid to take some risks such as a big mortgage. They know they won't be living on the street if they miscalculated or have an unexpected emergency. Not necessarily family help in the form of contributions to a down payment. It's totally possible to do that if you don't mind stretching a bit and taking some risks. Those of us who survived the last housing crisis tend to be fearful of going underwater on a house.[/quote]
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