Quote:
Originally Posted by East Coast Flame
I'm in the 25-30 age range and am doing quite well compared to my peers, but I'm coming to the point where I just can't ever see myself owning a home. With paying of my school debt, the thought of coming up with a down payment on a house that is worth living in seems unfathomable to me.
The definitions of success have changed with our generation. Debt is now a normal fact of life for people my age, while my parents generation would view that as a failing. I don't believe I have any friends that do not have some kind of debt, aside for the ones that came from incredibly wealthy families.
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You keep seeing and hearing more and more how household debt has gone up dramatically since the 70's etc.
My next door neighbor who is retired told me had his house paid off when he was 35. I mentioned that to my father and he said he was about 34.
You don't see that too often these days.