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Comment on A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

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Blue_Morpho@lemmy.world ⁨2⁩ ⁨months⁩ ago

Yes because that doctor is allowed in the door of the ownership class.

They will have accumulated enough capital over their lives that their children will have a huge head start. If their children repeat their parents success, the grandchildren will be ownership class.

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ShareMySims@sh.itjust.works ⁨2⁩ ⁨months⁩ ago
Being more privileged members of the working class still doesn’t make them part of the owning class.

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- Blue_Morpho@lemmy.world ⁨2⁩ ⁨months⁩ ago
  As long as they aren’t stupid, the grandchildren will not need to work. They will be ownership class.
  
  I know a doctor couple with one child and they are nearing retirement. They have about $5m in savings. In 50 years, including inflation losses, that will be $200 million.
  
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