Reply to how the hades did you save a six figure deposit?!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's tough...we were lucky in that in our late 20's before kids we made 400K combined.  We bought a row house for 819K and actually only had 10% to put down. We had PMI for a year then refinanced.  4 years later we sold it without broker fees to a neighbor for 899K so made money off that and then had a bonus from work.  Combined with the equity in the townhouse and the work bonus, we bought a 1.2 mil house.  Could never have saved 250K+ out right to buy our current house.  Was a combination of luck, high salaries, and an unexpected signing bonus before we had kids.  [/quote]

Am I reading this right that you had a 400k HHI for at least 5 years, but you don't think you could've saved $250k outright without appreciation and an unexpected bonus?  [/quote]

Yeah...we took a LOT of insanely amazing trips which now that we have a kid I do NOT regret!  :) [/quote]

No one's saying you should regret it, but you should recognize that yes, you actually could have saved that money.  Saying you could "never have saved $250k+ outright" on $400k HHI is not even remotely true.  "I could never save ... [because] we took a LOT of insanely amazing trips" is the most classically out-of-touch rich people reasoning I've seen on DCUM since the 'barely getting by on 500k' thread.  [/quote]

You're right...I should not have said never.  I should have said it would have taken a while.  The point of my post was to say that it's hard to save a lot without getting lump sums of cash from somewhere in a short amount of time.  [/quote]

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