Sarah Tang and Regeant Panday were following what many consider the path to the American Dream: college, marriage, house, kids. Tang’s parents followed that formula. Her dad pushed her to do the same.
“You need to buy a house to grow up,” Tang remembered thinking.
The couple decided to forgo a more expensive wedding and reception, opting instead for City Hall nuptials and a small dinner with friends. With savings and some family help, the millennial couple pieced together the roughly $110,000 needed for a down payment last summer on a three-bedroom Bridgeport home.
While Tang, 31, and Panday, 38, were able to achieve homeownership, it has left them “house poor”: spending an outsized portion of their income on homeownership. As a result, they’ve had to make sacrifices. They delayed buyin