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Real Estate
Reply to "Generation Y and Real Estate requirements"
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[quote=Anonymous]I'm an 40-year-old X-er who bought in 1999, as a single person. While a lot of my friends were buying or leasing BMWs and going on glamorous trips and living in Clarendon, I was replacing heat pumps and re-seeding the lawn and paying twice in mortgage (in the burbs) what my friends in group houses were paying in rent. And yeah, I sold my house last year for over twice what I paid for it. Most of the X-ers I know have owned property for years, and most are not underwater. The ones who rent mostly choose to do so because they don't want to get tied down. I'm not going to feel sorry for them for missing the good market - they had the same options I did. I do feel bad for the Y-ers though. Housing is crazy expensive now.[/quote]
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