• ChihuahuaOfDoom@lemmy.world
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    5 months ago

    That seems about right, I’m an elder millennial and the only reason I own a home is because I was able to take out a VA loan back in 2009. If I had to put 20% down, even back then, it would have never happened. These days you’re talking down payments of $100,000 which is ludicrous.

    • Cyborganism@lemmy.ca
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      5 months ago

      Older millennial here. Been saving since I started my career in 2008. Purchased in 2020. The only reason I was able to was because my girlfriend received a 10 year retroactive compensation for being paid less than her make colleagues and her employer offered compensation. The amount was incredible. It was like winning a fairly good amount in a lottery.

      That’s the only reason we were able to buy. Luck.