2 ms·
My wife and I bought our first house in 2018 and it feels like we jumped on the train a minute before departure, right before it took off like a rocket. Most o
by dcchambers 2y ago
My wife and I bought our first house in 2018 and it feels like we jumped on the train a minute before departure, right before it took off like a rocket.
Most of our friends are still running along the platform, desperately trying to grab on but the train just keeps accelerating.
Our first home price increased by 50% in 4 years when we sold and moved into a bigger home in 2022, and we hardly did anything to it. Just the way the market is. The only reason we were able to afford the new house is because of the rapid gains on our first house and the fact that we had a ~2% interest rate for two years that allowed us to quickly build up a savings nest egg, with a mortgage payment that was far below what our friends paid in rent.
I just feel bad for all my fellow millennials that couldn't catch the train before the market went fucking insane in 2020. Because it really does feel like catching up is impossible if you aren't already in the game.