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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous]Thank you for asking this question. I've been wondering the same thing for a long time. I can tell you anecdotally that among my friends/classmates from an Ivy League college (many of whom have advanced degrees from top schools too), the only ones who own rather than rent now, in our early thirties, are ones with family money. Not even the doctors and lawyers and others with stereotypical financially solid careers can afford to buy in big metropolitan areas like DC or NYC yet. It's sad, especially compared with what one can buy for 200k or 300k in decent cities in the Midwest and South.[/quote]
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