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<blockquote data-quote="Nancy" data-source="post: 200746" data-attributes="member: 59"><p>Donna,</p><p></p><p>I've noticed the same thing here. I've been watching young people buy these big houses for a while now and wondering how they could afford them. I have to admit I was a little jealous that it seemed like they could afford such nice houses when we couldn't afford to buy a house for many years after we were married and then it was a very small modest home. Now I know how they did it. </p><p></p><p>I think part of the problem is that many our young people haven't had to struggle, they haven't seen their parents struggle, at least not in the way we saw our parents struggle. Many of them have grown up thinking they were entitled to buying a house and shouldn't have to work years to save up enough.</p><p></p><p>I feel sorry for them now. My parents taught me not to buy anything I couldn't pay cash for, and when it came time to buy a house they insisted we have 20&#37; down and took out a convention mortgage.</p><p></p><p>And yes I know several people who began flipping houses and made a lot of money on it, even though they didn't know a thing about remodeling. They bought the house and paid other people to fix it up, cheaply, and then sold it for a killing. That helped add to the problem too. Along with people like my nephew who sat home and day traded and bragged about all th emoney he was making.</p><p></p><p>Nancy</p></blockquote><p></p>
[QUOTE="Nancy, post: 200746, member: 59"] Donna, I've noticed the same thing here. I've been watching young people buy these big houses for a while now and wondering how they could afford them. I have to admit I was a little jealous that it seemed like they could afford such nice houses when we couldn't afford to buy a house for many years after we were married and then it was a very small modest home. Now I know how they did it. I think part of the problem is that many our young people haven't had to struggle, they haven't seen their parents struggle, at least not in the way we saw our parents struggle. Many of them have grown up thinking they were entitled to buying a house and shouldn't have to work years to save up enough. I feel sorry for them now. My parents taught me not to buy anything I couldn't pay cash for, and when it came time to buy a house they insisted we have 20% down and took out a convention mortgage. And yes I know several people who began flipping houses and made a lot of money on it, even though they didn't know a thing about remodeling. They bought the house and paid other people to fix it up, cheaply, and then sold it for a killing. That helped add to the problem too. Along with people like my nephew who sat home and day traded and bragged about all th emoney he was making. Nancy [/QUOTE]
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