Reply to Millennial mortgage payments

Forum Index » Money and Finances

Reply to "Millennial mortgage payments "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I’m a millennial who grew up in DC and there’s just no way in hell I could comfortably afford to live there now.  My childhood home - a townhouse on Capitol Hill - is now valued at more than $1m.  I’m pretty sure the same is true for my childhood friends.  The housing market is just out of control.

I live in a large college town with my DH and we have a HHI of $250.  We live very, very comfortably and have a mortgage cost of $1600/month.  I like to travel to large cities when I yearn for the experience - happily, we can easily afford to do so.  We’re going to Europe with our 2 kids next month.

Outside of a few key fields, I just don’t see how living in DC is worth it for most people.  I would weep with a mortgage payment of $4k a month.[/quote]

You’d be shocked how expensive decent houses are in any number of midsized/major cities besides DC right now with current interest rates. Lots of people here who got lucky and refinanced over the past 2 years when rates were historically low. [/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