Reply to How are Millennials affording new $1.5+million home in MD, DC and VA?

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Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm amazed at how many 28-40 yo's we know that are purchasing brand new homes in Bethesda, Chevy Chase, DC, Vienna and McLean.  What took my spouse and I years to afford, they are buying at a relatively young age.  How do they do it here?  My spouse is a partner in a law firm and our house is barely worth a million. Granted, we'll have it paid for next year.  But really, Millennials what's your secret?   [/quote]
Millennials here. We bought our starter home for $1.2M 10 years ago at age 28. It was an apartment in Manhattan. We had no help from family.
We now live in a $2M home in Arlington. 
The secret is hard work.

[/quote] for

Investment banking?
Your welcome for TARP.

Hard work Pfftt...[/quote]

Nah. But I bet PP knows the difference between your and you’re. [/quote]

Of course, I majored in something practical; I’m not an English major using connections from my dad and  prep school lacross team to land a sweet NYC gig. [/quote]

Me, either. I did pass third grade fairly easily though. YMMV. [/quote]

You’re obsession about grammar makes me wonder if you feel like a fraud b/c of the bailout too?

But NYC would be a smoking hole if the banks failed, no matter what industry PP is in. To pretend they are ‘hard-working’ success stories in NYC without acknowledging the help they received is pretty high hubris.

Lots of people work hard; many people work two jobs. Not everyone starts with they right opportunities or guidance, and they benefited from more than ‘hard work’so they should learn some grace. [/quote]

What? The bailout, finance and TARP have nothing to do with how we purchased our expensive home. But I guess telling yourself these tales somehow makes you feel better? Really weird. [/quote]

Depends on if your sector relied upon TARP money to remain in business. If you work in anything finance related, I guarantee that you owe your job and success to Uncle Sam for propping up the financial sector in 2009. Otherwise, you'd have spent the first half of the last decade eating canned tuna with group house roommates.[/quote]

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