Reply to Why are people in the DC area so...greedy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When you have 150k in student debt and your average house costs close to a million dollars, you pretty much have to milk your salary as high as possible.

15-20 years ago, a 100k salary could buy you a nice SFH for about 400k. Now, 100k salary isn’t even enough for a 20% down payment on a house. [/quote]

20 years ago, people were happy with a 1600-1800 sqft house.  Now, starting is 4000 sqft.[/quote]

That’s not people’s fault. It’s minimum lot sizes and nimbyism. [/quote]

Thi

I prefer a house around 2500 Sq ft. It’s the perfect size for a family of 4. But I can’t find any unless they’re either shacks or McMansions. The market is nuts. [/quote]

No in between, seemingly.  People think they want the big house until they have it, and realize that it is not all that. But there are no medium sized houses, it seems - at least those which are not hideous; and most people don't want the old small brick box houses that have some else's make shift add ons, with zero storage, plus low ceilings. So, they buy the big house, if they can, and make it homey. [/quote]
There are in betweens but they go really really fast.[/quote]

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