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Reply to "Are millennials under 25 in the DC area priced out of getting married, having kids, owning a home?"
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[quote=Anonymous][quote=Anonymous]I got married in college and had a baby right after graduation. My husband was a military officer and we were able to live comfortably in Burke. But that was 30 years ago. My daughter is 23. She lives in Old Town and rents an adorable basement apartment from a lovely couple who has almost adopted her. She is a teacher. She makes $52,000 for the 10 months she teaches. During the summer she is an educational consultant at a zoo in our home town and probably makes another $5,000. She has plenty of disposable income as a young single person. [b]I cannot imagine how she could buy a home or support a family on her income.[/b][/quote] She wouldn't have to. She'd marry and be part of a dual income couple like most people. Even if she married another teacher, you're looking at 100k. Not enough to buy a SFH but definitely a small starter condo. Put your equity in, sell at a profit, buy something bigger. That's how people do it.[/quote]
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