Reply to 44, I don’t own a house but kids are in private and college is paid for…

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Reply to "44, I don’t own a house but kids are in private and college is paid for…"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So you are living well beyond your means. I’m not sure what you want here. Most people with two “good careers” can afford a house, including a down payment. You seem very entitled which may be your parents’ “reason.”[/quote]

I’m not living beyond my means. I don’t have any debt. I wake up everyday and live a good life. My kids are getting an excellent education.

I guess I’m wondering why more people don’t do this and I think the answer is they get trapped in home ownership. In New York people don’t worry about buying, they just take advantage of the opportunities they have. [/quote]

Not trying to attack - when you say you're "wondering why more people don't to this" - what is the this? Get hundreds of thousands of dollars from your parents for your kids education?  Or is it live as renters because it's better than buying a house?

[/quote]

+1 Most people do not have generational wealth that allows grandparents to put "hundreds of thousands of dollars" into accounts for the grandkids.

Moreover, most people are not expecting an inheritance that will allow them to buy outright in the future.

Are you really this sheltered, OP? [/quote]

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