Reply to Anyone else who will likely never be a home owner?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We spent our 20s in school, with very low-paying jobs, and saved enough to pay for a downpayment on a home when I turned 30.

We lived VERY frugally to achieve this, given our low incomes. We picked up free furniture left in the trashroom by other residents, bought cheap food on sale, cooked from scratch, never ate out or went to the movies or paid for any sort of entertainment, lived in a crappy one-bedroom (with one, then two kids)...

Most people on DCUM can't even imagine living such a frugal life.

And now we're living a middle class life.

But it took 10 years of lean, lean living to get there. And even now, we budget carefully.[/quote]

I can relate, as I'm an immigrant and frugal living was a normal for me and my family. Thanks to an extremely frugal mindset and hard work, I own a home that is paid off, worth $1.1 mln; and I'm 45 years old. I don't get all these people, who can't afford a home. Like what the heck were you doing all your life when you're young? You had no savings, no part time jobs? Sorry, but I don't feel sorry for all people with college debt either. You should have gone to community, then transfer to the closest in-state university. That would be much cheaper for you, while you were working of course. [/quote]

+1. I went to community college and transferred to UVA where my tuition was 11,000 for two years. All in with books snd room and board my student loans were under 40k for a great education. Then I went to work, paid them off, and lived a frugal lifestyle. All my clothes are from the thrift for example, and I drive a ‘97 civic (no it’s not a beater, paint still looks crisp because I garage it). All of my extra money went into rental property. I’m not mega rich, but I own multiple homes. [/quote]

+2 Or even go to state schools for 4 years. I'm so sick of the snobs on this board who brag about their exclusive schools that are crushing them in debt and never netted them a high-paying job. They made bad financial decisions and now they can't afford to buy a home, because of course any home has to be in the "right" area. I don't feel sorry for them either, and I say this as someone who owned homes in coveted areas plus a beach house. I made choices to get there.[/quote]

Objectively not true:

https://www.redfin.com/MD/Hyattsville/5706-40th-Pl-20781/home/10948896

This is a cute little house in hyattsville for less than 500K

Genuinely confused why you would say this? 
It seems like people only want to live in Bethesda and just want to complain about that.

Where do you live? Because here, $800,00 gets you a fixer upper with a squatter. And that’s an hour from the city. [/quote][/quote]

That’s a 45 minute commute with no traffic. And I’m not in my 20s, so I’m not living like that.  [/quote]

Not the pp you're responding to here. You're living outside of your means. I'm amazed at how many people on this board don't understand that they need either a high income or family money to live the way they want. Sure your colleague with the same nonprofit job you have can afford the beautiful home in NWDC/Bethesda/McLean and eating at the hottest restaurants every weekend while their nanny watches the kids, but they have a trust fund or a high-earning spouse. [/quote]

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