[QUOTE=Dangerosa]
Our needs were:
At least three bedrooms
Updated kitchen
Updated wiring
A yard (not a large yard)
A decent neighborhood
Livable floorplan
Walking distance to “stuff” - if we were going to live in the city, walking distance to stuff was important.
We found we couldn’t afford it - and we made OK money back then. It would cost us twice as much for half the house to live in the city. Had we waited a few years, our income would have allowed it - but at that time it made no sense at all.
So we moved to the 'burbs.
[/QUOTE]
Sorry, but I don’t buy it. First of all, your “needs” certainly could seem like “wants.” And your 4:1 price diff sure seems out of line with what I experienced in the Chicago area.
When I first moved to Chicago, I bought a 3-bdrm split-level suburban house for $100K. I could have bought a 3-4 bdrm bungalow in my parents neighborhood (NW side of Chicago) for the same price or less. Not in the hottest areas of town, but blocks from public transportation, and walking to all kinds of shops and amenities.
Of course, we chose to go somewhere less crowded, with better schools. So we moved to the suburb where my wife worked, to a home where I could walk to the train. We didn’t move out to the middle of a cornfield where we could have gotten more house for less, but woul dboth have had to become road warriors. In my mind, these are all choices. Hell, once my wife got her job in a suburb, I narrowed my job search down to jobs that would allow me to use the commuter train. Choices.
And your choice was for immediate gratification. You wanted the kitchen and wiring updated, rather than living with something less for a while, even in a location that afforded other benefits. Why? Because you chose to commute, and emphasizzed other things as more important. I’m not saying your choice was bad or wrong, but you it reflects your priorities, plain and simple.