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Real Estate
Reply to "Is a nice big house really worth it when an older, smaller one is totally adequate?"
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[quote=Anonymous]Bought a cheap house near public housing because that's what we could afford at the time. Kid was in DCPS at the time. Later sent her to private school. She hated our house. And hated that it wasn't on the red line. Guess what. She survived. House increased in value and we were able to fund 1.5 years of private school through a refi. Kid is also pretty streetwise and savvy and comfortable in neighborhoods all over the District. Ultimately I know she would still have preferred to grow up in a pretty house closer to her school mates - but you know, there are kids who live in much worse circumstances than ours. She doesn't get to decide where the whole family has to live. Plus I think she will run her own family the same way. Also our situation is such that we have extra flexibility. I've been tied down before to a house I paid too much for. It's a horrible burden. I feel so much more confident knowing that there is room to maneuver if hard times hit. But, OP, we don't care what other people think about our house. We don't run in circles like that. If it makes a difference to you professionally, maybe you should go for it. But not because you're worried about your kids being accepted.[/quote]
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