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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]
No problem.  We live in DC and have in-laws who live in the Midwest.  When we visit back there, we don't know whether to laugh hysterically or cry hysterically --- most often, a combo at both -- at the comparable home prices b/c it seems like doll house prices to us.   Such teensy weensy prices (comparatively) must surely be for children, like "A Secret Garden" or "A Little Princess" or the like, no?  But, now, they are for real, life, houses, where real live people live, and in which, these people seem, imperceptible and surprisingly, to be quite proud and satisfied about themselves, about their lot in life.  So, yes, the prices for a "decent" COL varies a lot b/w the Midwest and the East Coast.  How quaint for you that you have never learned this, 'til now, and God bless that you may always only need a home in the Midwest.  PS  Hope you enjoy all your neighbors and their h.s. educations.   [/quote]

I  am a manager of Social Services with an MSW; my husband is a Systems Analyst with an MBA. Our neighbors are, like us, white collar professionals . I do understand your condescending undertone; I just chose to ignore it until now (in fact, found it humorous -- in my own condescending way). I understand that the price of real estate varies drastically by region; I just hadn't realized by how much. Yes, rather 'uneducated' and 'quaint' of me. I'll take my McMansion in Suburbian Sprawl; you can have the cramped quarters, the drive-bys, and the rowhouses. You hold on to that pretentious elitism. I'm sure it's working out just fine for you.[/quote]

Not pp but the other pp who mentioned flyover country where you live and I spent my early teens.  Fate worse than death.  Couldn't leave fast enough and IMO the low cost of living doesn't make up for the boring suburban sameness.  It's cheap for a reason.  Don't get out much do you...   tis true, I live in the aforementioned rowhouse but it's not cramped at just under 4000 sq feet and I have never seen a drive-by ever Or been the victim of a crime, not in DC nor in the 20+ yrs we lived in Manhattan.  I was a victim of a crime while visiting a friend in the Midwest, however, so I wouldn't be so smug about the lack of drive-bys and crime out in the middle of nowhere suburban sprawl.[/quote]

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