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]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]

+3   Arlington's Missing Middle Housing is designed for these people.  The ringleader got a PhD in history and works for a non-profit and whines that she can only afford to buy a house in Arlington is someone builds a triplex for her on an expensive piece of land in North Arlington.  I am a Gen Xer and bought my first condo at 23 with an FHA loan and $5,000 I saved after paying off $35,000 in student loans -- the rest of my engineering school education was paid through work study and scholarships.  I moved up the ladder and we have a very nice home in Arlington.  I resent the heck out of the people who tell me that I a a racist, privileged white person (when they are also white and more privileged than I am) who is not entitled to have a 1940s colonial in North Arlington because I got a degree in something that would allow me to live in Arlington, send my kids to decent schools, and have my DH do all the work to our home.

Too bad that you thought your youth was for living la dolce via rather than preparing yourself for the responsibilities of adulthood.  [/quote]

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