Quote:
Originally Posted by V
I think I'm finally getting where you're going.
I'm in my house that will finally be my retirement home, and I paid $470k two years ago.
What 25 year old is going to buy an $800k house? You're feeding into the stereotype.
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A person who wants to have a family? It's great that you can get a 1 bedroom for $400k, but how then how do you make the next step up?
Once again it can be done...pour all money into savings age 18-25, buy condo age 25, buy house in undesirable neighbourhood age 33, buy actual house age 40.
This was not the experience a generation ago. It was more like buy house age 25.