Bought a 1B1B Condo unit after graduating college for 500K
Anyone else on similar boat where your parents saved enough for a down payment and took advantage of the lower rates to buy vs rent and since you got a high-paying job you can carry the mortgage?
Yeah but why would you want to own a 1 bedroom long term? Maybe to rent it out? I’m gonna have a bunch of kids so it should be 3 beds or more
Maybe he couldn’t afford the $1.5M 3BR.
Damn, it’s sad. People are gonna have less children because of housing prices
Odd flex, but ok.
I guess the problem w that is that your parents are basically dumping away the ~100k, and many aren’t willing to do that after they’ve already paid most of your expenses for 22 years
No, but interesting, have a lot of friends from college and high school who did what you did. They bought a house or condo in my LCOL city right after graduating. This was actually mostly due to cost of living. They saved by buying a house vs renting a house. However, I don't think the same idea would apply in a HCOL city. This was smart for them. I don't think it would be smart for everyone though.
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