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Reply to "$2M home w/ $160k HHI?"
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[quote=Anonymous]Do you have a family? College expenses to think about? Spending $2mil on a house that doesn’t suit you just because you got lucky in the stock market seems . . . off. A house at that price point can just as easily go down in value as up. In this area you could spend $1mil and get something really nice in a more reasonable size. And have the money you’ll need to furnish it and maintain it. We spent something like $40k on paint, carpet, light fixtures, and furniture when we moved into our 3k sf house a few years ago. And we already had enough furniture for about half of it. Making an 8k sf house livable will cost you. This seems a bit like the tail wagging the dog. Invest in REITs if you want to diversify into real estate, not a giant house at the top end of the local market. [/quote]
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