Reply to Honestly the complete disregard for GenX financial strain is getting old

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]the 2000-2010 period was a great time to invest. Bear markets are your friend. [/quote]

Many of us were paying off student loans then. Money for investing wasn’t something we had. [/quote]

Well it is time for people to stop taking massive student loans.  We had $80K in student loans in early 90s.  Choose to live in a decent (but not as nice as our jobs would indicate we could afford) and live off of one income for 2-3 years to pay them off and save for a downpayment.  And then the house we bought was similar costs to our apartment costs.  So we still aggressively saved for another 2-3 years so we were financially stable.

Would we have rather taken nicer vacations (or any vacation that wasn't just a drive), get lunch out more at work, go out more for drinks, etc?  Sure.  But don't regret what path we did for a minute as we were well set for the future by forgoing in our 20s. 
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Buying a house in early 90s is all that matters. No one is not able to buy a house because they went for lunch or drinks. That’s avocado toast nonsense that has been disproven time and again. People do end up spending more recently on vacations etc , because of financial nihilism — they are doomed no matter what so might as well enjoy what they can. [/quote]

My teacher coworker and her engineer husband just bought a nice 4br in Leesburg. They are 32. They were coming from a small townhouse. [/quote]

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