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]

I have an hour (sometimes hour plus) commute, am a mom of two young kids, and am happy to do it. Our incomes could have gotten us closer to the city but—particularly with the price of child care and our student loans, along with some silly money decisions when we were younger and kiddo free—would have meant we needed to keep renting to save up for a solid down payment longer than we wanted to. Have a home we love, manageable monthly payment, and money to spare. I grew up in the DMV; this type of commute is not out of the ordinary despite what folks on this board seem to think. That said, it has become a lot less of a drag with the WFH/flex scheduling benefits that many, if not most, industries outside of the service, etc. offer.

I pick up the kids 3x a week, husband does 2x. There may be some late nights here and there but we almost always eat together as a family and my husband and I have time to relax together before bed.

If you want a house but can’t afford upper NW or Arlington or what have you, move further out. If you don’t want to do that, then be content with your decision to rent. [/quote]

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