Reply to At odds with spouse ove how much house we can afford

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]I viewed some of the houses linked. I live in a suburban area of Minnesota. I live in a brand new home (built 2005) that is actually more spacious than most listed, certainly newer, over 3000 sq ft with 5 bedroom, 3 bath ... and paid $389,000 for it. It is incomprehensible to me, the cost of real estate in DC area. I hadn't realized when I read the OP that $1.7 million in DC would be equivalent to around $400,000 where I'm from. Salaries have got to be much higher there. We'd never be able to afford a million dollar home, and from the looks of homes in that price range, they'd be a huge step down for us, too.[/quote]

Enjoy Applebee's![/quote]

And Red Lobster.  How is your house in Minnesota relevant.  Your $389K in a 'burb of Minnesota, Cleveland and the rest of flyover country will buy a 1bdrm condo in DC, nothing fancy. A 850k original detail, 4 bdrm, 3.5 bath Logan rowhouse will buy a 1 bedrm, 1 bath coop in Manhattan.  Since real estate is all about location, location, and location - your comparison is ridiculous.[/quote]

Applebees and Red Lobster, representing. Also, land of lutefisk. I followed a link to the DC board and enjoyed the ... heated exchanges, so I'm here to stay. Wasn't really trying to make a comparison ... I was just astonished at the differential between what $1 million buys in DC vs. The Land O' Lakes (and mosquitos). I seriously cannot wrap my brain around what kind of serious $$$ we'd have to make just to afford what appears to me to be very nice, but middle to upper-middle class homes (and this scale means something to me only .. again, not making value comparisons, just trying to wrap my brain around the differences).  I was actually just wondering if salaries are higher in DC, in accordance with the huge differential with the price of real estate.

I did enjoy the snark, bitches :D [/quote]

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