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Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s very hard to be sympathetic to someone who has over a million dollars to spend on a house when we are happily raising our teens in a 3-bedroom rowhouse in DC that would sell for significantly less than that. There are thousands of other families doing the same. I would like to live on a cliff overlooking the Pacific and have a fenced in acre for my dog, but I’m not “suicidal” because that isn’t in the cards (or my budget). You are always going to be dissatisfied with something if you don’t change your outlook, OP. [/quote] You're missing the point. OP and others were able to have that but they didn't buy and suddenly they couldn't have it anymore. That stings. Why do you click on these threads if you're just here to kick the posters when they're down?[/quote] I'm not OP but I've posted in this thread about being depressed. I don't have a million dollars to spend (nor would I qualify for a mortgage for a million dollar house). I'd love a 3-bedroom rowhouse in DC -- I can't afford one. Depending on when you bought, I could probably now afford to buy your house at the price you paid for it. But not now. And you get to bank all that equity, which means if you want to move at some point, you'll be up probably a couple hundred thousand over me for that house, too. You bought at the right time. You had enough for a down payment and enough income to buy your house that you now "happily" live in, when it still cost little enough for you to buy it. Maybe I'm a few years younger than you, maybe I'm in a different field and it took me longer to get to the down payment and income level you got to. Maybe I married later. You lucked out, I didn't. I'm depressed about it. Also, just to really drive it home -- you have multiple kids and I only have once because we didn't have the space for another kid and then got priced out of the space for another kid and now we have only one kid. I love my kid! But yes, it's freaking hard when major life choices are dictated by how much money you have for a downpayment before the housing market skyrockets and you can no longer afford it at all. Enjoy your family and your happy life in your 3 bedroom DC row house which will only increase rapidly in value. I can see why you took time out of your day to come here and complain.[/quote]
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