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Reply to "Housing prices are nuts. Did you buy anyway?"
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[quote=Anonymous]OP -- do you own your home? If so, and you are content in your 2 bdrm., then that is wonderful! that's more money you have to save & spend on things! I have two kids and wanted more space. We sold our 3 bdrm and bought a 4 bedroom that is nicer/bigger. New house cost about $150k more than what our old home sold for (different locations). To us, it was worth it. The school district is better so our kids can go to public. The neighborhood is much nicer and I definitely appreciate the extra space. Our income over time is increasing so it makes the mortgage payments within reason. There are no other choices other than rent (does not make financial sense for us) or leave the area entirely. [/quote]
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