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Real Estate
Reply to "Generation Y and Real Estate requirements"
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[quote=Anonymous]This whole thread is full of stereotypes. Those older than Gen X: you paid 1/2 or less the prices of the current market in DC. Salaries have not increased on pace with home prices. In addition, college costs for Gen X and especially Gen Y have risen faster than inflation as well. So you get this perfect storm of debt, debt, and more debt. Right and left people offer credit cards, etc. you have to. E very saavy to stay away from the temptation to over leverage your assets to debt ratio because lenders encourage ppl to borrow more and save less. So it may not be apparent in the older generations some with cushy jobs and pensions and a no educational debt, cheap house. It's easy to say when there were choices to spend less instead of just buy/borrow or don't there is no inexpensive option. In every generation there are people that are bad with money. My Dad (boomer) cashed out $250K in retirement savings and lost it in the stock market.[/quote]
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