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[quote=Anonymous][quote=Anonymous]My spouse and I saved like crazy.  We lived in a crappy apartment took on extra work, worked our butts off at our FT jobs to get promoted, higher salaries then move on for a higher salary and another promotion.

We had no car.  No Netflix.  No vacations.  No eating out.  No take out unless work paid because we worked late.  No cell phones (spouse had one through work).  No internet.  Used the library. Budgeted for everything. We invested our money for a down payment/ retirement.  We did this for years.

When friends wanted to go to brunch I said I would meet for a walk or run instead. We did have people over to our tiny place but again budgeted.

We ended up shopping around and finding a couple banks that would lend us more $$ for a mortgage than anyone else.  We knew our HHI would continue to grow and we also knew we are budgeters.  So that’s what we did before covid.  We lost our on 5-6 homes even then.  We knew the area we wanted so we bought something a bit smaller but with a larger lot that needed some work, but are happy we did it.  The first year was rough because our mortgage was so much more than our cheap rent.  But soon we refinanced got rid of our PPi (we did not pay 20% down payment) and have been promoted and more $$ since.  We also had a kid toward the end of the home price purchase and are diligent about saving for retirement and college.  Our house is worth so much more $$ now and we get offers to buy it frequently.  Our realtor tried to get us to look out more, but we knew where we wanted to be and stuck to it.

I have friends who lived the high life for years, renting at fancy buildings with gyms, a pool and concierge.  Others rented fancy townhomes or drive a fancy leased BMW, Tesla, etc.  That is their choice. Some now complain about the market and how they will never be able to afford a house, yet they don’t look back on their choices.  When they were off in Miami over a long weekend I was working my second job or reading up on investing.

I have other friends who have fled in order to be able to buy a home.  Two moved to Texas,  another Midwest, and one for Europe.  They all seem very happy and all bought beautiful homes for a fraction of what it costs in DC.   [/quote]

$15/month on Netflix is not preventing anyone from saving up a down payment. Get real.[/quote]

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