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JDPriestly

(57,936 posts)

13. We bought a house in our 20s and had to sell it.

Reply to elleng (Reply #6)

Mon Dec 19, 2011, 04:37 AM

Dec 2011

We didn't buy a house that we could keep until we were in our 40s. And we are both retired now. So, it's been like this for some of us for a long time. I think it is worse for the young generation now in their 20s and 30s.

But you can still buy a house. You may have to wait like we did until you are in your 40s. It makes it more difficult to save for retirement because you are trying to pay off your house at a time when you should be saving more for retirement.

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Your choice: A house or a college degree [View all] Liberal_in_LA Dec 2011 OP

that is exactly the choice I made nearly 20 years ago.... mike_c Dec 2011 #1

The 1% don't want any more Baracks marybourg Dec 2011 #2

I'm kind of convinced cyglet Dec 2011 #3

The island of desolation , is over populated. orpupilofnature57 Dec 2011 #4

We chose college (grad school) abelenkpe Dec 2011 #5

No surprise, and as it should be, imo. elleng Dec 2011 #6

We bought a house in our 20s and had to sell it. JDPriestly Dec 2011 #13

If the degree will increase your employability and earning power, it may be worth borrowing for FarCenter Dec 2011 #7

Liberal Arts education is dead. Tech school for all! n/t Ed Suspicious Dec 2011 #11

Liberal Arts education has always been "finishing school for the upper middle class" FarCenter Dec 2011 #14

Who wants to gamble on such an unstable "investment"? boppers Dec 2011 #8

Buying a house is highly leveraged and has a high transaction cost FarCenter Dec 2011 #15

My wife and my student loan payments total more than our mortgate payment. OneTenthofOnePercent Dec 2011 #9

Ours are close. They're definitely the biggest non-mortgage expense we have. n/t iris27 Dec 2011 #12

I think in civilized countries you can have both AND socialized medicine! nt valerief Dec 2011 #10