You’re comments are f@$cking amazing. Not everyone has a trust fund or bought into the market when home prices were 3x the median income as opposed to the 10x they are now.
Some of us were happy to have alternatives and it had nothing to do with a sense of entitlement.
My income went from $40k to $100k in 4 years. Even at a 20% savings rate, housing prices were going up faster than I would have been able to keep up with in order to have the required 20% down. I would have had to have almost $80k in cash as a down payment for the house that I bought back in 2003 (my first). Fortunately, with a high 700’s FICO and a solid credit history, I was able to get into a house I could afford with a 30 yr fixed 80/20.
I have no trouble making my payments and I never have to worry about my rate adjusting.
