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[quote=Anonymous][quote=Anonymous]Related to this is how SO MANY single young people in their 20s insist on buying a house.  They've been so brainwashed about how renting is throwing your money away, that so many buy.  And they are not thinking about what they are going to do with that 1-bed condo when they get married and either 1) their spouse works far away and needs to live somewhere else 2) they start having kids 3) the spouse doesn't want to live in that condo anyway because it's looking moving into the other's house instead of it being "their" house.

People still have no idea the power of renting.  Renting means you can easily pack up and move at anytime for the reasonable cost of the penalty for breaking your lease.  You are not stuck with the property that you cannot sell without taking a loss.  
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This is very true.  I am the pp who is a gen Y that bought a house with my DH that we will slowly fix up. we didn't buy until after we had been married for almost 3 years and have been together a total of 9 years. We are probably npt typical. Hell, when we were engaged and in grad school, we lived in a big row house with roommates and stayed in that house for our first year of marriage becaue rent was SO cheap and DH was still finishing up school.

I have tons of friends who bought 1br or studio condos in Dupont, U street, Logan circle becaue of the pressure to buy. People are made to feel like they are a failure if they don't start putting down roots. Also, the fact that people marry much later exacerbates it,  think.  20 years ago, people got married so much younger and bought houses younger, and stfarted building wealth younger.  now, people feel like they are not doing something right if they don't find a spouse and still rent until they are 35. I hate to say that things seem like they were much easier for the boomers, but, financially, it seems that they were, looking at how life played out for my parents and their friends. [/quote]

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