buying a house without family money is very scary

spoiled fruit rotting against the tree wrote:

ChadBrad wrote:

I make a ton of money and live in a nice house. And I have a trust fund and my parents paid for my college and I’ve already fully funded my kids college. They’ll start out life ahead of other kids and hopefully pull even further ahead. Because that level of success is modeled for them every day of their lives and they have the genetic predisposition to capitalize on it. The whole time we are adding tremendous economic value to society.

It’s weird people think that evolutionary rules don’t apply to modern humans.

I think you misunderstood my question.

Why did you turn out to be such an A$$hole then?

Is being an A$$hole something you plan on passing on to your kids?

I’m a pretty nice guy actually. I just don’t pretend that wining economically isn’t extremely important, and I openly advocate for passing wealth down in order to give your children the best chance to outcompete their peers. None of that equates to being an a-hole.

UsedToBeKnowItAll wrote:

Everyday Millionaire wrote:

What crappy part of the country do you live in where you can buy a house for $600k, and why don’t you have enough money to afford one? Get a better job.

I assume you're being sarcastic, but I'm perfectly happy in my neighborhood. And I'm perfectly happy not being house-poor. I have a 15-year mortgage, will retire early, and have extra money to live a pretty fulfilling life. I technically could afford a $600k house, but I would have to get a 30-year mortgage, and probably cut back on certain spending areas. No thanks.

The crappy part of the country I live in is right outside Boulder. Most people don't consider it a crappy part of the country.

600K sounds pretty cheap to us West Coast people...and if it snows, you live somewhere crappy.

ChadBrad wrote:

spoiled fruit rotting against the tree wrote:

I think you misunderstood my question.

Why did you turn out to be such an A$$hole then?

Is being an A$$hole something you plan on passing on to your kids?

I’m a pretty nice guy actually. I just don’t pretend that wining economically isn’t extremely important, and I openly advocate for passing wealth down in order to give your children the best chance to outcompete their peers. None of that equates to being an a-hole.

ok lets get very specific then.......why do you enjoy acting like a complete A$$hole on this board then? I'm not sure there if there is poster here that is more consistently an arrogant condescending douche than you, and that's saying something. Have you ever posted one post that that contributed anything.......ever?

Obviously, you are a troll......but the question still stands. Why?

I grew up in a 3rd world country and moved to the US in high school. There is much more social mobility in the US compared to most countries IF your are willing to work hard AND save and be thrifty. Most people can’t do both of those things.

One pattern I have noticed is that those successful people without family money often bought a starter home within their budget first, sometime even w modest family help (eg $5000 towards a down payment). Then after gaining more success and more money they moved to upper class areas, often putting down 50% down. They were able to save and eventually help their own children w college, first home, etc

So in summary, of course family money helps, but if you are willing to be patient, work, and live below your means (most Americans live beyond their means) you can also ascend to the upper class and begin a legacy of wealth and success in your family.

let me clarify wrote:

ChadBrad wrote:

I’m a pretty nice guy actually. I just don’t pretend that wining economically isn’t extremely important, and I openly advocate for passing wealth down in order to give your children the best chance to outcompete their peers. None of that equates to being an a-hole.

ok lets get very specific then.......why do you enjoy acting like a complete A$$hole on this board then? I'm not sure there if there is poster here that is more consistently an arrogant condescending douche than you, and that's saying something. Have you ever posted one post that that contributed anything.......ever?

Obviously, you are a troll......but the question still stands. Why?

What’s this post contributing?

And I’ve never been condescending. If you think it’s better to be poor than rich, that’s fine. You’ll find that no rich people believe you, and neither do any poor people. But you can believe it.