Quote:
Originally Posted by DBChris
Let's talk financials and I'll state the obvious. Where is a 24 y/o going to come up with the money to buy a house here?
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Quite honestly, this is a myopic response. You are clearly stating this based on where you are from and your experiences.
I know a few 20-somethings with VERY good, high paying remote jobs. I know one guy who invested in his first 4-plex apartment building at age 21 (lives in one, rents out three), and is on his way to owning a slew of rental units.
If OP is from a high value region (like California), then coming up with $300,000 is not a lot of money when the median home price is in the 700-800,000's. Heck, $500,000 won't even buy you a small run down condo in a dump of an Orange County neighborhood like Stanton or Santa Ana.
My nephew is a real estate agent and in his middle-20's, He is doing quite well (especially in this market) and selling 2 homes a month for the last few years. With an average commission of $10,000 (at 1.5% after costs, etc.), he's making $20K/month for past two years. That's $250,000 a year. So in the past two years he has grossed half a million dollars. He's a saver, so $300,000 (cash) for a Villages home is not out of the realm of reality.