Reply to Housing prices are nuts. Did you buy anyway?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did you feel like the price of your house was insane, but you bought anyway? We have a small 2BR and 2 kids and we refuse to pay the $250k more that it would cost to upgrade to 3BRs in our area. Let's say we could probably do it, but I just don't think its going to improve our lives all that much to justify the cost.

So it got me thinking -just wondering how many people buying houses in this area are resigned to the cost feeling like 'too much' for what you get and buying anyway vs. you feel like these prices are fully reasonable to pay.
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When we bought people thought the house prices were nuts.  It was 1997.  [/quote]

+ Ha! I was thinking the same thing, except only going back to 2001 when we bought. We seriously questioned if we were doing the stupidest thing ever; it was the height of the market and prices had doubled from 1999. 16 years later...[/quote]

I actually still think dc is underpriced.  Especially compared to what you get in other cities with good jobs.  You can still find a one bedroom condo for 300k in dc.  Not Virginia.  Dc.  That's so cheap.  I guess people expect a 700k McMansion in driving distance to their job?  When I moved here I found it funny people actually drive single occupancy cars to work.  [/quote]

I just meant that things don't change. People are going through the same hand-wringing we did 16 years ago. Just like people complain about the commercialism of Christmas. People think that's new but when you realize that Charlie Brown Christmas is 50 years old, and has the same complaint, you realize that things don't change. To answer OP, of course people are buying when housing prices are "nuts." They have and will forever continue to.[/quote]

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