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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]That already happened in my neighborhood. Our house was about $220k when purchased in the late 90s. Neighborhood gentrified and it's now worth $1.3M. We did a not-huge renovation (mainly expanding the kitchen/dining + big screened porch) to make it work better for us long term. If we could have afforded something larger in our neighborhood we'd have moved but renovating made more sense. And, now the kids are off to college and the smaller home still feels right vs. if we'd bought something much bigger.[/quote]
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