Anonymous
Post 08/31/2017 19:53     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:In my experience people are just buying their dream homes right out of the gate. No renting, no fixer upper.


The transaction costs are way too high. With a "starter" SFH in a good school district starting at $700K in the DC area, no way in hell I'm interested in paying nearly $100K in fees simply to trade-up. (In DC: $20K closing cost to buy, $50K in realtor fees to sell, another $15K in sellers' transfer tax, plus $20K closing costs to buy my "forever home").

-Millennial Married Renters in our mid-30s about to Buy Our First & Forever Home
Anonymous
Post 08/31/2017 19:39     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:
Anonymous wrote:Then finally after having children they would purchase their main 2-3 bedroom home.

Is this even possible anymore with the rents as high they are along with the high prices of purchasing real estate?

Are couples better off living at home with their parents, saving up their money, bypassing previous generation's housing stages to dive right in to their main 2-3 bedroom home right after getting married?


This mostly happened on tv.


Not really.

This was quite common before the year 2000.
Anonymous
Post 08/31/2017 19:37     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:
Anonymous wrote:Then finally after having children they would purchase their main 2-3 bedroom home.

Is this even possible anymore with the rents as high they are along with the high prices of purchasing real estate?

Are couples better off living at home with their parents, saving up their money, bypassing previous generation's housing stages to dive right in to their main 2-3 bedroom home right after getting married?


This mostly happened on tv.
Anonymous
Post 08/31/2017 19:36     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
In my experience people are just buying their dream homes right out of the gate. No renting, no fixer upper.
Anonymous
Post 08/31/2017 19:34     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:We skipped the starter house. We lived with roomates until we got married, then rented an apartment, and saved for our 4 BR "forever" house. We really couldn't find a true "starter house" in the area we wanted to live. All of the would-be starter houses were bought with cash, gutted and flipped, and sold for nearly what we paid for our "forever" house.

We closed on our house when I was six months pregnant with our second.


Those flipper assholes are ruining it for a lot of younger couples just starting out.
Anonymous
Post 08/31/2017 19:22     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:Then finally after having children they would purchase their main 2-3 bedroom home.

Is this even possible anymore with the rents as high they are along with the high prices of purchasing real estate?

Are couples better off living at home with their parents, saving up their money, bypassing previous generation's housing stages to dive right in to their main 2-3 bedroom home right after getting married?


This mostly happened on tv.
Anonymous
Post 08/31/2017 19:10     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
We skipped the starter house. We lived with roomates until we got married, then rented an apartment, and saved for our 4 BR "forever" house. We really couldn't find a true "starter house" in the area we wanted to live. All of the would-be starter houses were bought with cash, gutted and flipped, and sold for nearly what we paid for our "forever" house.

We closed on our house when I was six months pregnant with our second.
Anonymous
Post 08/31/2017 18:46     Subject: Re:Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
My DH owned a house when I met him. So I moved from my 'bachelor' apartment into his starter house and we eventually added on rather than moving. We'll probably be here into retirement.
Anonymous
Post 08/31/2017 17:48     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:Not everyone wants to be tied to one place for 15-30 yrs


You can always sell. In this area you are almost guaranteed to come out of it ahead.
Anonymous
Post 08/31/2017 17:35     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Not everyone wants to be tied to one place for 15-30 yrs
Anonymous
Post 08/31/2017 17:31     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Anonymous wrote:Some people - gasp! - rent.


Might as well purchase a home so you have something to show for the $2,000-$3,0000 you are paying in rent each month.
Anonymous
Post 08/31/2017 17:22     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Some people - gasp! - rent.
Anonymous
Post 08/31/2017 17:09     Subject: Re:Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
I know a woman who tried to make the bachelor pad work with a husband and newborn twins.
Anonymous
Post 08/31/2017 17:03     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Maybe keeping the bachelor (or bachelorette) pad as the first apartment and then moving on to the house.

Also a lot of people now don't necessarily want to own a house. They are totally comfortable with a condo or even just renting
Anonymous
Post 08/31/2017 17:00     Subject: Remember how people used to have a bachelor pad, then an apartment together, then a starter home....
Then finally after having children they would purchase their main 2-3 bedroom home.

Is this even possible anymore with the rents as high they are along with the high prices of purchasing real estate?

Are couples better off living at home with their parents, saving up their money, bypassing previous generation's housing stages to dive right in to their main 2-3 bedroom home right after getting married?