Reply to Anyone else who will likely never be a home owner?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]To those saying you’ll never own a home, what is the barrier for you? I get homes in this area are expensive but have a cousin, a single school teacher, who just bought a nice townhome in Laurel (HoCo) for $400k and she qualified for a first time homebuyer program and only put down $25k which took her several years to save. This was before rates went up but she has a doable mortgage which, according to her, still allows her to pay for vacations, etc.

Her house is really cute, but not updated. Nice neighborhood. 3 br / 2 ba. She’s going to update it over time. Sometimes I wonder if people have very high expectations so aren’t willing to think about a different area or go townhome vs SFH. [/quote]

If I were a single teacher, I’d love this too.  Not all of us are young and starting out. [/quote]

What does being young and starting out have to do with an entry point to home ownership?  If you’re saying that you can’t buy a home because it’s unaffordable then the first thing to ask is what are you wanting to buy. If you’re only interested in Bethesda or NW DC or Arlington (or equivalents) then yes, you will find it harder and maybe impossible to buy a home unless you’re wealthy. If you’re not wealthy, you expand your search and expectations. [/quote]

Agreed with this. Seems like the OP lived a good life being young in dc on u street or Clarendon, then expected to hop into a nearby house in the same areas. Either move out a bit farther and reset expectations or begin to prepare now. Crying about it won’t help you.[/quote]

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