Reply to Getting desperate: What would you suggest to a first time home buyer?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My coworker is drinking every night thinking about this. Praying for a crash.[/quote]
Ha, yeah me too. 3 years ago we were trying to save for a $1.2M home, now that we could afford that, the same home is $1.4-1.5M. In another 3 when we can afford this, those homes will be $1.7M. F this mess. We are just going to throw our money away on rent and live in the home we wish we could buy in the neighborhood we love. Funny thing is, we are so rich ($270HHI) but we can't afford a 3br home. Nuts.[/quote]

The 1.2 house three years ago is 1.6 already, and will be 1.8-1.9 in another 3 years. So, you are doomed. [/quote]

Also, let me break out the world's tiniest violin.

At 270k, you absolutely can afford a 3 bedroom home[/quote]

Yeah, but then their kids might have to interact with the serfs. What if they made friends with a family that didn't have a graduate degree?  I mean, you can't come back from that.[/quote]

Exactly this.

Literally 99% of "It's impossible to buy a house" posts on here are just "I don't understand the difference between 'what I can afford' and 'what I believe I deserve.'"

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[b]
Yes, I sense quite a bit of that from the comments regarding the house in Burke.[/b][/quote]

I think there is a difference between buying a dilapidated house which has a huge potential to be a money pit as a first time home buyer with no experience in renovations, and being picky, at least with our budget. For whatever it's worth, we moved out of a top ranked school district that was nothing but pure white UMC/UC in the past to give our kids a better life and educational experience...
All the other homes suggested here are perfectly fine and we couldn't get them or were already outpriced.

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