Quote:
Originally Posted by blankall
I think the fact that people are recommending that upper middle class people in their 30s buy heavily used Yarises save small condos in bad neighborhoods, speaks a lot to what's going on.
Yes, the highly educated professional can still afford that. They can substantially decrease their standard of living and get by. What about the single moms? The receptionist and the custodian earning $40k/year?
So basically if you work your ass off to get ahead, you just get by. Everyone else..... Who knows?
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That is exactly it.
It's no longer about avocado toast and a new iPhone every year. It's about not being entitled, and living in a $200k townhouse (not even sure that exists anymore) for 10 years, buying a beaten up Yaris and sucking it up well into your 40s.
Saving $100k is easy when you cut out luxuries like childcare and a functioning vehicle. Not everybody needs to live in a "nice" neighborhood. By the time you're 48, you'll have enough saved up to purchase that $500k home. By that time, you'll be able to save up for another 8 years to purchase that 6 year old Mazda, just in time for your 55th birthday.
Millennial man.... so entitled.