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]

You are likely financially illiterate. You would have been better off financing the homes, assuming you were able to get a good rate, and putting your money to work in the stock market. It also isn't necessarily foolish to buy a house when you still have student loans. I owe 51k in law school loans at 3.5%. No way am I paying those down quickly. [/quote]

Thing is, I also have plenty of money in the stock market. Why? Because what I don't have is debt. I won't pay a bank more money than something actually costs. That's just stupid.[/quote]

As I thought, you don't get it. I just took out a loan of 35k to do home improvements rather than liquidate any of my holdings. In your eyes, what I did was stupid. Yet in 5 years I will have paid $38k. Assuming a return of 6% per year, my 35k in the market will have grown to 47k. The all debt = bad mindset is simply wrong. [/quote]

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