Prices for starter homes are crowding out millennials

Re:Prices for starter homes are crowding out millennials by fein on Wednesday October 21, 2015 @05:30PM (#10428845)

I had $60k sitting in my account for my first house. I just closed at $265k.

It's doable, but with a lead dev salary in NE Ohio. This is neither common nor really acceptable, but I worked hard to save my money.

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Re:Prices for starter homes are crowding out millennials by irishcoffee on Wednesday October 21, 2015 @05:50PM (#10428979)

I close on the 30th actually in the baltimore/dc metro area. 265k cost-of-house, 20% down. I saved and saved and saved. It was very hard.

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Re:Prices for starter homes are crowding out millennials by fein on Wednesday October 21, 2015 @06:16PM (#10429165)

Yep, this was effectively the culmination of saving as much as I could from graduation in dec 2011 to now. I'm pretty happy I managed to save this much, but it would not have been possible had I not been headhunted into what can only be called a dream job for a 28 year old from my area.

My wife only makes around $20k/year, maybe less, so this is almost entirely coming out of my pocket.

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