Anonymous wrote:Anonymous wrote:33/35
Purchased our first TH pre bubble when we were 23/25, rented it and then got another SFH pre bubble in far burbs. Made a fortune after selling both and taking the capital gains exception. Have a SFH in burbs and a vacation house all thanks to that first home.
45 and 44. Just bought a $900K house in Arlington, after living in a NW DC condo for 15 years. We love the condo but decided our kids would benefit from more outdoor space and a safer street with less traffic. HHI has never exceed $150K. We are not big consumers and have always had a high savings rate -- so high, in fact, that we could have simply bought the house in cash, with plenty left-over. If you don't consume much, even a modest income can add up to significant savings across time.
Anonymous wrote:33/35
Purchased our first TH pre bubble when we were 23/25, rented it and then got another SFH pre bubble in far burbs. Made a fortune after selling both and taking the capital gains exception. Have a SFH in burbs and a vacation house all thanks to that first home.
Anonymous wrote:If the parent cannot afford the tuition and they have to take out that much in loans to pay for college, the parent should have the sense to tell their child that no undergraduate education is worth that kind of crippling debt and find reasonable and less expensive alternatives like in-state public.
Anonymous wrote:31/33. 900k 3000 sq ft. TH N Arlington walkable to metro...not TF-babies etc., DP w/ own resources and mortgage on our own earned dime...and we know plenty of other early to mid 30 somethings in high paying DC jobs with THs/SFHs in the $800-$1M price range. They are two-income professional families of lawyers, World Bank/IMF, doctors etc.
I don't know why there is such surprise about young people able to afford such homes in a place with so many high-end professional jobs with relatively higher job security than other US markets....and no it's nothing to do with having bought in 2000 etc.
Anonymous wrote:This list scares me a lot. So many people in this thread and the other one are talking about family money and big law being the only way they can afford these big houses close in. I guess if DH and I with no family money and middle of the road salaries ever want to buy we are destined for a mcmansion in Ashburn. D:
Anonymous wrote:Anonymous wrote:This thread makes me feel sad.
I just turned 27, I rent a small apt.
This, except I’m 34.![]()