Reply to What is a "donut hole family"?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Ah yes, the mythical 400k house in the DMV[/quote]
Why is that mythical?[/quote]

There are houses from $350-500K, just not ones that poster wants.  Life is about choices.  If someone chooses a $350K house and saves $150K for college vs. someone paying $800K and not saving, why should the non-saver get aid and the saver get nothing.[/quote]

NP Our house cost 400k and we saved, but not enough to have unlimited means to put two kids through a 60k+ education when we could stay in state and use the money for non negotiable costs such as helping kids with housing down the road. To me it would be utterly foolish to waste money on private college, I see it the same way as buying a fancy car. A flagship education is much better value.[/quote]

And, that's a reasonable choice. We are encouraging ours to go to a state school to pay for grad school, which to me is far more important than a fancy undergrad degree as its really luck of the professors you get vs. name brand.  Only a few select majors need ivy schools.

My last car was pricier than planned but we keep them till they die and needed one good car.[/quote]

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