Quote Originally Posted by gnihcraes View Post
I think it was 1993 when we talked to our bank about a home loan. They approved us for like $250k! What the heck! No way can we afford to buy something like that with our new lives and careers. Found a decent small fixer upper with land for 70k. Same monthly as our apartment and utilities were cheaper. No crappy shared walls. Two kids later and we're still here. Small house isn't too bad, why people want the mansion size place for a just a few people is crazy. (we did build on and add a master bath etc) but still we're only <1000sqft.


Friend; well, yes, I thought so too. The description though of that house, it's actually three lots. L41-44. So the market up in that corner of town, they will probably be able to sell to some developer type and build three yuppie mansions. (same thing they did next to me recently)
It has to do with that Keeping up with the Jones' mentality that is on TV. My wife and I got an OK Townhouse a year ago. It's just the two of us. No kids. I'm 36 and spent most of time driving and Travelling. I'd rather spent more on a really nice car than be house poor.