- Joined
- Sep 23, 2011
- Messages
- 5,384
When did you buy your first house? And how old were you? For those of you who have adult children, are you seeing a trend in a delay or nonexistance in home ownership?
Very few of my same-aged peers are home buying. I feel like I've been raised to buy a home instead of rent, but as I save every month, the cost of homes increase every month. It feels like I'm chasing a moving target.
My financial advisor 2 years ago told me to save as if I need $X as a down payment for "in 5 years". Now I'm told to save $2X as a down payment for "in 3 years".
Ya. Moving target. It's disheartening.
Very few of my same-aged peers are home buying. I feel like I've been raised to buy a home instead of rent, but as I save every month, the cost of homes increase every month. It feels like I'm chasing a moving target.
My financial advisor 2 years ago told me to save as if I need $X as a down payment for "in 5 years". Now I'm told to save $2X as a down payment for "in 3 years".
Ya. Moving target. It's disheartening.