@JTT,
JTT wrote:
Quote:Where do you live JTT?
Saneville.
Quote:If you are selling your home for $400K, why shouldn't you get one for $500K if you're looking for a nicer home?
Because one doesn't have to keep reaching for more more more all the time.
Seriously, what part of the country do you live in?
If I was living in the 2nd house pictured, I don't think it would be unreasonable to want to reach for living in the first house.
It totally depends on how you manage your money, and what you can truly afford.
If you can afford a $500K house, which isn't at all extravagent in many places, why not?
The people who are selling the nicer house have been there for maybe 5 years. I've owned mine since 1991, and have lived in it most of that time.
I don't have any intention of moving, but if I do eventually, it'll be a good home for someone else.
That 2nd house, when sold, will be torn down, and a decent house built there. They are basically buying the lot. No one who wants to live in my area, again, a very moderate area, would want to live in that piece of ****.