This is not good. I have tenants who had a bankruptcy in 2007. After studying their behavior for 2 years, they have not turned around and waste their money on silly things. Sloppy and lazy as well. Always have their hand out but no plan at all really..
Both my girls were in school until age 30 so of course they delayed things like that. Thank Goodness!
my extra frugal husband was right. be cheap and then enjoy down the road.
The old fashion buy and hold is working again. Pure and simple. Mutual funds return 8.7% so far this year in 8 months with more to go.
Everyone should be like my 30 year daughter who, according to these silly charts appearing on the internet, qualifies for a 1,250,000 mortgage. Yes she is a physician. But no, she has a 230,000 house. 3rd generation of living below your means. Quite simple actually.
I have 2 millennials. Both having a good life.
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There are some better than that down here is Atlanta. Even in some good areas and they have lowered the taxes. Come and buy them up so the price on all of mine will increase.
Actually, in referring to my other comment earlier, that WAS in Ann Arbor. I had just graduated and stayed for a while. The key was the electronics. I had NONE to pay for. (The good old days) Entertainment was hanging out on campus.
In 1971 I had a Ford Pinto with a payment of $49/mo. I made $100/wk and had rent w roommate of $180 per month. Survived on a couple of 29c yogurts a day. Youth is all it takes! Never felt deprived that I recall!