Reply to how on earth can we save a down payment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]First home took me till age 37 to save up required down payment (1994).  Also had to pay off school loans, car, CCs, etc., before I could qualify, but once I was "in," was able to roll over to better homes over the next 20 years.

[b]I think purchasing your own property is more important than a college education (I have an advanced degree) - at least in this area. [/quote][/b]

How so? I don't get this. Renting isn't evil; I hate that attitude.[/quote]

not PP but it is so because with college degree it will still take you forever to actually own home. i prioritize leaving my kids property over college education. and we a two phd-s family.[/quote]

Please forgive me if I'm being dense here. But in this area it's difficult (not impossible, but difficult unless you learn some in-demand vocational trade) to get a good job without a college degree. If I didn't have a college degree I'd be in even less of a position to purchase property. [/quote]

PP here. I got my graduate degree after I bought my first home. I don't mean to say do one but not the other. I'm saying that prioritizing getting your first home should be very high.  For me, buying property before acquiring student loan debt was better. I have known people saddled with student loans who can't save for a down payment because they have a 75-100K school loan debt.  Some of those people went on to high paying jobs but not all college degrees guarantee a high salary but, nearly every home in this area has appreciated steadily over the years.  [/quote]

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