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Reply to "Housing prices are nuts. Did you buy anyway?"
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[quote=Anonymous][quote=Anonymous]Did you feel like the price of your house was insane, but you bought anyway? We have a small 2BR and 2 kids and we refuse to pay the $250k more that it would cost to upgrade to 3BRs in our area. Let's say we could probably do it, but I just don't think its going to improve our lives all that much to justify the cost. So it got me thinking -just wondering how many people buying houses in this area are resigned to the cost feeling like 'too much' for what you get and buying anyway vs. you feel like these prices are fully reasonable to pay. [/quote] How many multiples is your mortgage to income? I think some people here have an unreasonable expectation as to how cheap housing prices should be. We purchased a home for 2x our hhi. There are a lot of households making 300k which means a normal house will be around a million. Also people really do keep moving here and the area is expected to grow. [/quote]
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