Reply to Buying $1.5 million home

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Reply to "Buying $1.5 million home - can we afford it?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe I'm simple minded because I'm not from dc and live in a simple, small town. But what does a $1.5 million home have to offer that a $750,000 home doesn't? It just seems so downright silly to me. You obviously have some concerns if you need to seek out advice on this. So why would you spread yourself thin over what, the difference in moldings? Heated floors in the garage? A gazing pool? What of these material things could possibly justify it?[/quote]

A $750,000 house here is a tear down.[b] $1.5 won't be anything too fancy either. It's probably very similar to the $600,000 house where you live[/b]. [/quote]

+1[/quote]

Well if that's true, who needs all that? So silly. A $600K home is not "tear down," it's unnecessary nonsense luxuries.  Maybe certain people just have different priorities, I guess. Mine isn't being house-poor to look good to all my friends. [/quote]

Judgmental much?  I think PP might be overshooting with $600,000 where you're from, so I'll give you an example.   My commute is about 30-45 minutes each way depending on the day, the schools are decent but not great, and the area is low crime.  Currently, we have three children in a two-bedroom 1100 square foot condo with no amenities (original 80's bathrooms, torn up floors, etc.).  We are hoping to sell it for $500K when we move to an 1800-square foot, non-luxury condo that will cost almost $850K.  By non-luxury, no fancy tiles, loads of carpeting, etc.  [/quote]
Jeez, where are you, Bethesda?  My commute is 30 minutes into DC and we have 4000 sf on an acre and in all 9 school districts through HS.  We paid $700k about 7 years ago.[/quote]

We're in NoVa - where are you with 4000 sf on an acre?  What we're paying and asking are completely middle of the road for our area (and surrounding - Alexandria, Arlington, etc.).  [/quote]

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