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Real Estate
Reply to "Isn't trading up going to end as folks are priced out?"
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[quote=Anonymous]No. People will always be richer than you. We bought the cheapest house in our desirable neighborhood to put our kids in the great public schools. We had to do a gut-reno, and my husband did a lot of the work himself. A few years later, a neighboring house was bought up for an eye-popping price, the buyers promised the elderly seller not to raze it, and they turned around and tore it down anyway to build a huge house. In the 10 years we've lived in our neighborhood, this same scenario has repeated itself over and over again. Our area attracts stinking rich people from all over the US, and the world, because DC-type jobs support that. I'm surrounded by lawyers and businesspeople. We're the only doctor family - clearly the doctors are second class here :-) There is no ceiling! Get in while you can, or buy further out. [/quote]
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