Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "If you bought 2005-2007 and got hit, tell me your story, location and age"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The folks we know who bought at the height of the market in 2006 and ended up having to sell were genx (mostly younger ones).[/quote] Lots of millennials in their early 20s got approved for stated income loans[/quote] We're eldest millennials (Jan 1981) and were the first of our peers to buy in 2010 (which turned out to be fabulous timing). There were probably a few millennials who bough sooner, but I think the housing price timing was the worst for younger GenX. They were the ones stretching for family homes in the 2004-2008 years. [/quote] I'm an 83 millennial. Bought in 2006 as did many of my peers. We were basically right out of college and the low down payment mortgages got us all in. Ended up making decent money on the property when we sold in 2010.[/quote]So you bought in a lower cost area or used your parent's money. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
