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Real Estate
Reply to "How does a single person buy a house around here"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They know how to budget themselves and save more money beyond their 401. You don't. [/quote] +1 My 20 yr old college DS, had already saved most of what he has earned through internships, has ROTH, has investment account and has asked us if he can live with us after college if he gets a job locally. My DD and SIL, routinely take stuff from our house to furnish their own. My kids have the exact same tableware, glassware, silverware, serveware as us, so that they can take ours if they run short. We have vanilla taste. We are comfortable. My kids don't have student debt, they have paid cars, they don't have to pay for their wedding, but they live and budget like they are starving artists. [/quote] My 30 year old nephew has a house in part because he lived with his parents for 2 years after getting a job and put all the money towards his down payment. But it’s not a 1.5M house — it’s a nice little townhouse in a middle income nieghborhood. Our 1.5M house was the one we bought in our 40. Our starter home in our 30s was 350 then, now would be more like 550. [/quote]
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