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Reply to "How much debt you have? Mortgage and student loans included."
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[quote=Anonymous][quote=Anonymous]How do people have such low mortgage balances in the DC area? Are the people responding people who have owned their homes 20+ years? [/quote] Move further out or get on the property ladder as soon as you can. When I graduated college my parents told me to buy a house as soon as possible. I did, although I instantly regretted it. I didn’t really like where I lived, singletons don’t live in the suburbs, and couldn’t move due to being underwater back during the 2010s. Marriage and 3 kids later, that house allowed us to put a substantial down payment on our current place. Our mortgage is only a fraction of our total HHI.[/quote]
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