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Money and Finances
Reply to "lifestyle for $500K HHI"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think part of the problem is expectations. When we bought, our income was 1/4 of that (~125k), which was decent at the time. We could afford a 1800 sqft 4 bedroom house that was built in the mid-60's and not updated. Those houses now cost about 3x what we paid, but the people who make 3x what we made don't want a 40 year old fixer upper. They think they should have the fancy 3-4000sqft new build. They need to reset their expectations. This isn't a new phenomenon. I blame HGTV.[/quote] Actually, people's incomes HAVE NOT generally risen 3x, although housing has risen 3x. [/quote]
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