Quote:
Originally Posted by Mark_T
Surprisingly not! I don't know how young people get their first home these days. My first house cost $22K and now it's hard to find anything worth having under $250K.
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If they're smart they'll pour their income into better performing assets, put a lid on their housing costs, avoid all forms of debt and invest heavily in U.S. corporate wealth so that their investment horizon is as long as possible using the maximum contribution they can bear. Thanks to the securtization chain the days of getting rich from your house are long gone for most worker bees...those who live in zip codes with rising incomes different story.. but their local taxing authorities will have their hands in their pockets soon too.
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