Reply to It’s extremely hard to raise kids in a nice neighborhood without generational wealth

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[quote=Anonymous]I live in Bethesda, in an older neighborhood with a lot of original homes that would be considered “starter homes” - I used to call our house that, but it seems we will be raising our kids in this house and that is working out fine.

We bought our house at age 30 via a combination of aggressive saving, low interest rate, not having our first kid until mid 30s, being fine with a house with old bathrooms and kitchen and no garage, and stretching beyond our means to buy it in the hopes that our incomes will continue to grow (we took this last risk because we were buying in a “good” neighborhood so knew we could always sell the house and come out ahead).

Sadly new builds are starting to creep in … these are the homes that drive up the neighborhood home prices and make it so prohibitively expensive for younger families doing it on their own to buy in.

There are a lot of young families that seem to buy those homes and I guess they do it with inheritence or family support, but I can’t concern myself with what everyone else is doing. There will always be people more well off than I am and those who are not. I’m very grateful to own and be able to raise my kids in a sf home (I - happily - grew up in apartments). [/quote]

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