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Real Estate
Reply to "Housing prices have gone insane"
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[quote=Anonymous]Not going to quote PP because it's so long, but... The math these exurb-boosters are using is all wrong. A million dollar house plus public schools is much cheaper in the long run than a 700K house plus private schools, especially if you have multiple children. We have two - I can't imagine spending $70k per year for the next decade on private school. At least you gain equity with your million dollar house during that decade, even if local real estate prices do decline. There's also no way I'd want to live way out in Frederick County while commuting to DC, even a couple days a week. That's an hour by car if everything goes well, not including parking. I live in Vienna, and it's 30 minutes by car or an hour by metro. I'd absolutely prefer that commute over Frederick for work and social life. Contrary to what PP claimed, we certainly did not buy an expensive house just to say we live in an expensive house. We were/are shocked at DMV housing prices. But we paid a premium (well under $1M, for the record) for a large-enough home with good public schools, low crime, and an easy commute. THAT'S why we moved where we did. Finally, it's pretty weird that a PP referring to their top-tier law degree and $1.5M house is calling everyone in the suburbs arrogant. There are lots of families here like ours who aren't trying to be flashy or live large, but are grateful to have steady salaries and good schools. Your choices aren't so clearly superior to theirs. [/quote]
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