Reply to Family of Four on 90k - An Upper Middle Class Existence

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]That's what I thought in 2004. I was wrong and so are you. Bit a fixer upper in a rough neighborhood and fix it up slowly, invest in your home and your community[/quote]

That's probably not going to work if you need your kids to attend their local public school.[/quote]

What I love most about PP was her idea that 'sweat equity' was what added value to her property. It was pure dumb luck to buy before the bubble and gentrification. And it could easily have been a bad bet, just like folks keep expecting acps schools to turnaround.

So the only way to make it to middle class living is to build a time machine or risk your life in a shady neighborhood?  And if you think DC will keep appreciating, go check out GMU Fuller discussion on the regions dropping GDP.  [/quote]

You're pretty clueless here.  Remember I bought a FORECLOSURE.  Yes, the work I have done on the home has added significant value.  I also didn't pay through the nose for the work unlike many here in DCUM-LALA-LAND.[/quote]

Yes, you gambled and won. Woo-hoo. I have friends who bought foreclosure in Phoenix who lost their shirts.  You bought a home where most people can't make a place to live (b/c schools are so bad). People on DCUM are not buying fancy homes, they are paying through the nose for decent schools and live in $ditboxes. The value you put into the house from renovation is maybe $100k, the rest is bubble appreciation. You get a clue and have some modesty. [/quote]

We bought an older townhouse in a good school area - and I don't consider it a **itbox.  We have a HHI like OP and we are doing just fine.  It can be done.  Its about choices.[/quote]

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