Reply to How does someone buy a 2M+ house in their 20’s just a few years out of grad school?

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Reply to "How does someone buy a 2M+ house in their 20’s just a few years out of grad school?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know an acquaintance who just did this. They only have a handful of years work experience. I make pretty decent money at 29 but I can’t even fathom buying a $1M house let alone 2 million. [/quote]

Parents/grandparents gave them money for down payment. 
If they are from law profession or own startups in AI or are extremely smart working at a company like Apple or Amazon, they are making a lot more money. 
The younger generation in their 20s is a risk taking generation. They feel about $2M exactly the way we in our later 40s feel about $900K. [/quote]

So I looked up the address, it’s in Arlington. There was a transfer between the owner’s father and them. Looked up the father, he is the president and CEO of a biotech company. I guess it makes sense now. Property was bought in cash. There’s no way the husband earns more than 200k, he does not work for Palantir or any well known publicly traded company. They have 2 young kids and will send them to private school [/quote]

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