Reply to Would buying an expensive house be a bad choice?

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[quote=Anonymous]OP here...we do live very frugally.  In addition, we got part of the money from inheritance and some of it from investments.  The reason I don't think a renovation on our current house will work is we need an extra bathroom and would like the laundry to be on the second floor.  Currently, the two kids share a bathroom and it is also the bathroom for guests.  It is a super tiny bathroom with almost no room to maneuver.  I also have to go up and down stairs to do laundry which is tucked in the tiny mud room between the garage and the the house (can't open door to garage and laundry door at same time and I got hit multiple times when I was taking out laundry and someone walked through the door to the garage).  However, we have an HOA so having any additions won't be approved.  We still want to stay in our school district and the houses here are expensive so going much below 1.5 mil will be hard.  It will be more of a forever home (at least another 25 years) and we will sell it and move to something cheaper for retirement.  The reason for the question is I see a lot of posts where people think it is insane to pay so much each month for housing so I wanted to see if there is something I did not think about when considering doing this.[/quote]

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