Reply to Would you buy a home in neighborhood where neighbors make a lot more than you?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Part of the problem here is that if  you want a) good schools and b) short commute downtown, you are stuck with very expensive neighborhoods. Most middle income folks simply accept the lot of commuting long distances (which is why the 'where did the money come from' thread doesn't list any Federal employees, engineers, or teachers in who is buying close-in neighborhoods).

You are making the choice to value your time over having a nice house further out.  That time you spend with your children may balance out the potential for income differences.

Also, even if you move to a neighborhood where people are similar to you in income; they may live off credit or splurge in general or go bonzo at wal-mart and mcdonalds and you might be someone who lives simply; you still won't fit in. But now you are stuck driving much longer![/quote]

You're foolish if you dont think McLean, N Arlington and Bethesda have numerous dual GS-15 Federal Employees. In fact, most ghovernment workers in the DC Area are GS-14 or above, which means a two fed household is 250K to 315K....[/quote]

+1. Line in McLean Hamlet where the homes are more reasonable (under $1 M average) Lots of GS-14 and GS-15 families, government lawyers etc. Some with SAHM....[/quote]

My neighbors are both feds - one is SES and one is GS-15. I am sure their Household income is about $350,000 but they bought their house for 450,000 back in 2000 :)[/quote]

That was 14 years ago, when their kids were young. How old are they now?[/quote]

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