Reply to How are Millennials affording new $1.5+million home in MD, DC and VA?

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Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm amazed at how many 28-40 yo's we know that are purchasing brand new homes in Bethesda, Chevy Chase, DC, Vienna and McLean.  What took my spouse and I years to afford, they are buying at a relatively young age.  How do they do it here?  My spouse is a partner in a law firm and our house is barely worth a million. Granted, we'll have it paid for next year.  But really, Millennials what's your secret?   [/quote]
Millennials here. We bought our starter home for $1.2M 10 years ago at age 28. It was an apartment in Manhattan. We had no help from family.
We now live in a $2M home in Arlington. 
The secret is hard work.

[/quote] for

Investment banking?
Your welcome for TARP.

Hard work Pfftt...[/quote]

Nah. But I bet PP knows the difference between your and you’re. [/quote]

Of course, I majored in something practical; I’m not an English major using connections from my dad and  prep school lacross team to land a sweet NYC gig. [/quote]

Me, either. I did pass third grade fairly easily though. YMMV. [/quote]

You’re obsession about grammar makes me wonder if you feel like a fraud b/c of the bailout too?

But NYC would be a smoking hole if the banks failed, no matter what industry PP is in. To pretend they are ‘hard-working’ success stories in NYC without acknowledging the help they received is pretty high hubris.

Lots of people work hard; many people work two jobs. Not everyone starts with they right opportunities or guidance, and they benefited from more than ‘hard work’so they should learn some grace. [/quote]

Its as if you wrote the check for TARP!  Not an investment banker, and not PP, but I hope you took your TARP proceeds and invested them well.  Between you and Warren Buffet with his warrant deals, folks did well off those evil banks.  [/quote]

We all wrote the check for TARP.

And it doesn’t change the narrative that PP ‘work hard, bro’ attitude is misplaced [/quote]

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