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Real Estate
Reply to "Who can afford 800K-1M homes? Genuine Curiosity!"
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[quote=Anonymous]We are able to 'own' a ~$1.5 million house now because, like other PPs, we bought it in 2001 and not 2007. So that was luck. But also, back in 2001, we bought way, waaaaay more house than we needed for 2 adults no children. (it's got 6 bedrooms, 4 full baths). That was intentional, not lucky. Our big ole house has appreciated more in absolute dollars more than, say, a 2 bedroom condo that would have maybe been more suitable for 2 adults, no children. So the townhouse down the street that was $300K in 2001 is worth $750K now. Our house that was $650K in 2001 is worth $1.4 now. We just rode up our initial investment that was larger than some. [/quote]
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