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  1. miketd1

    How much money did your parents give you to buy a house?

    Do me a favor and please find where I reference my neighbor(s). Because I looked all over and can only find references to my friends or close friends. Instead of putting words in my mouth and then attacking me, why don’t you go ahead and confront the older neighbor who you feel is talking...
  2. miketd1

    How much money did your parents give you to buy a house?

    Go look at the car default rates. That’s the canary in the coal mine. We just have to disagree. I’m not ageist. I really hope everyone can afford their homes. Because if they can’t and the economy turns, it’s going to hurt everyone. Massively. Let me say it again in case you missed it: I...
  3. miketd1

    How much money did your parents give you to buy a house?

    Most homes around here are 500-750K and were built in the 70s. So not only do you need to buy and furnish the house, they’ll require a ton of upkeep/maintenance/upgrades. A household would need to make 180K+ to buy in while still paying down student loans and funding retirement accounts. Make...
  4. miketd1

    How much money did your parents give you to buy a house?

    I know how much my friends make and generally how much close friends make. It’s honesty not difficult to gauge. I’m not bitter. I bought near the bottom of the market in 2010. I’m honestly worried. The last thing we need is a bunch of people upside down on their homes again. That hurts...
  5. miketd1

    How much money did your parents give you to buy a house?

    True. But there is no way all these young people can afford these 500-700K homes. The math/statistics simply doesn’t support that.
  6. miketd1

    How much money did your parents give you to buy a house?

    Zero. That said: Buy what you can afford and don’t worry what your neighbors are doing. The fact is there are a whole bunch of people living fake rich lives because of poor financial acumen or sheer negligence.
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