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Reply to "Middle class life has me completely baffled"
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[quote=Anonymous]OP, I actually think more people should be like you and rent a place that works for your needs while saving up early for retirement. Home ownership is overrated and tax efficient wealth compounding in 401ks/IRA's/etc. is underrated. I think you are doing great. I'm early 30's and had $400K+ in retirement assets before buying a house and throwing in $39K / year will get you to a good place really quickly. Friends thought I was crazy for maxing out since right after college (and these were fellow high income people who had the ability to do so). I think if you really want a house/condo though; something will have to give. You'll either have to borrow at a higher LTV than your debt adverse risk adverse self will be comfortable with, wait to accumulate enough money (potentially to your detriment to the extent prices rise), or not save as much in emergency/retirement/etc. Great job though! [/quote]
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