Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Millennial here. 
Bought a starter townhouse at the bottom of the market. Still had student loans. Just sold and bought our forever house. Still have student loans to pay off, but can now afford to pay them off more quickly. 
Contrary to this board, many people have student loans and mortgages. It is possible. 
Get off your high horse. [/quote]

Forever house already? Now, you see, that is the difference between thinking wisely and prudently.  You shouldn't have bought your dream house while still paying off student loans.  You should have stayed in the starter home until you paid off your other loans.  You are proving OP's point.  Too much, too soon.[/quote]

Go away, loser.

NP.[/quote]

And this is exactly the problem with young people today.  Somebody disagrees with you, you come up with a witty reply as this!  Uneducated slobs. My point stands, your point is what?  That having a big house you can barely afford and ton of debt is a way to success? I own two houses bought in cash, because I am a loser. Millenials are incapalbe of accepting any criticism as you just pointed out. One day I will meet you as you are checking out my purchases at the grocery store.[/quote]

Jesus Christ you're awful.

-Gen Xer[/quote]

Agree -

Amy Dacyczyn, author of the Tightwad Gazette, my personal finance bible, talked about when she was young, she felt she wasted a ton of money eating out and just having a high consumption lifestyle.  Then she learned that she wanted to be more deliberate about her finances and she started her newsletter and retired young.  This was 25 years ago.  Young people drinking coffee at Union Market on a weekend does not seem out of the ordinary.

The bigger issue is that popular urban areas are getting really expensive for all of us and we all have to decide if we need to make a different choice about where we live. Or due to our jobs, if we even have a choice.  My husband and I purchased a house in DC 15 years ago and the city has just gotten really, really expensive.

College debt is another issue.  It seems absurd to be 22 and have a net worth of negative 50K.

[/quote]

For many (most?) Millennials drowning in student debt, there is a Boomer who did not save for their kids education.  [/quote]

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