My daughter will be marrying a young man this summer who she met while in college. During their Sophomore year, he had a decision to make - he had received an offer of full-time employment with a credit union. Started as a teller, and has now worked his way up to Financial Specialist. They are paying for him to finish his degree.
Rather than live in an apartment, he borrowed enough money from his parents for a down payment on a duplex - rented out the top floor and took in a roommate with whom he lives on the lower level, thus eliminating his living expenses.
In the meantime, my daughter worked very hard to finish her degree. She had a job waiting for her with the firm that she interned with (at no pay) last summer. They told her that she was the only intern they ever had that did more than stand back and observe - she actually learned their systems, worked with clients and manned their booth at trade shows - they could hardly wait until she graduated - the owner herself was putting in 90 hr weeks to hold off on hiring someone else.
With interest rates on mortgages being so low, and home prices depressed, I have a feeling they will be looking for either another duplex or perhaps a single family home for themselves....both are 22 and they are actually in much better shape than MGD and me.
With interest rates on mortgages being so low, and home prices depressed, I have a feeling they will be looking for either another duplex or perhaps a single family home for themselves....both are 22 and they are actually in much better shape than MGD and me.
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Smart kids, I have tried to teach mine the same. For some it sticks, for others, no.