Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Monday, July 27, 2009

4. Real People Save Up For Houses, Not Spring Break

In college, I never saved for anything unless it involved a vacation. I mean, why? Money was for spending, so I was going out! Again!

Here I am at my real job, making a real salary, and I'm mostly spending but I am saving a little bit. And I'm thinking where me and my fellow recently-graduated friends can go on our next trip: Cancun? Miami? VEGAS! The possibilities are endless.

Oh wait. Then I had a reality check at work today. *Real* people in the *real* world don't save up for trips to Vegas or Cancun. They save up for down payments on houses and condos.

Wait, what? A house? You mean, with a mortgage? But doesn't that mean you have to stay there...like...forever? In my world, the only people buying houses were parents! Since when do 26-year-olds buy houses?

This concept is beyond me. What if I want to move next year? or next month? Or next week?