Reply to Is a nice big house really worth it when an older, smaller one is totally adequate?

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[quote=Anonymous][quote=Anonymous]OP here again. Hit the submit button too soon. So let me rephrase the question then, without the "stigma on kids" part:

Is it really worth it to shell out 1.2M + increased interest and taxes for an admittedly nice and new house that we could afford, if an older one would be sufficient in terms of appearance and square footage?[/quote]

OP, this is a reasonable question but it is not what you asked.  You specifically focused on status for your children and yourself.  That's weird.  I don't think most people consider that when buying homes and it's a pretty ridiculous reason to shell out hundreds of thousands of dollars more than you would otherwise.  Now if you're saying, is it really worth paying for that extra bedroom, or the kitchen that's exactly what we want, or the nice backyard--those are questions lots of us ask ourselves when house-hunting.  Whether our kids will be ashamed to bring their friends home?  Not so much.

I also think you're the sociology student and if you're not I think you really need to re-examine your priorities in life.  [/quote]

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