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Reply to "Millennial mortgage payments "
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[quote=Anonymous]We are younger Gen-X, bought in Silver Spring in 2014. House was $425k and our monthly payment is around $2k. It's kind of a crappy house, DH has a long commute, and we get flack from our families for not having a proper guest room but having a lower mortgage payment gives us breathing room for everything else. I feel bad for my sister and BIL who are trying to buy in a different, but equally expensive metro area, they are mid-30s with two kids and will face a much higher mortgage payment for something comparable to what we have. Timing is huge for sure.[/quote]
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