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Old 10-19-2008, 03:30 PM
 
Location: California
10,090 posts, read 42,410,939 times
Reputation: 22175

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McMansion?? Oh brother! OK...fine...I too, love my "McMansion"!
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Old 10-19-2008, 04:02 PM
 
Location: Conroe, TX
684 posts, read 2,109,614 times
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Quote:
Originally Posted by ShelbyGirl1 View Post
McMansion?? Oh brother! OK...fine...I too, love my "McMansion"!
Yep, sure beats a Jack in the <cracker> Box home huh????
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Old 10-19-2008, 04:05 PM
 
Location: California
10,090 posts, read 42,410,939 times
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Quote:
Originally Posted by MissDaisy View Post
Yep, sure beats a Jack in the <cracker> Box home huh????

LOL
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Old 10-19-2008, 05:44 PM
 
5,244 posts, read 4,708,426 times
Reputation: 1858
Quote:
Originally Posted by MissDaisy View Post
I LOVE my McMansion...can't wait to move there!!

We could never afford even the "dream" of that home here in CA...even in a down market!
Good for you! I love mine too!

What I would have done differently? Had a 2 story with playroom and bedrooms upstairs, built a pool, I would have checked out the age demographics of the neighbors to have those that are our age and have kiddos.
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Old 10-19-2008, 09:52 PM
 
Location: Sugar Land, Texas
530 posts, read 2,036,446 times
Reputation: 197
I like my cracker-jack box that costs us 18% of our net take-home pay per month (about 12% of gross), freeing up income so that we can hopefully pay it off in under 10 years and do all the upgrades/remodels that we'd like. In the event that times get tough, we'll be happy we bought on the low end of the market.
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Old 10-19-2008, 10:02 PM
 
129 posts, read 382,554 times
Reputation: 116
I would have bought in the Memorial area or in town 8 years ago. We instead moved out to the NW suburbs and saw little appreciation, then moved into West Memorial after they appreciated a good deal. We love the area and schools, plus my commute is much better. I just wish we would have done it sooner and used that extra cash for upgrades.

Houston has rapidly grown outwards and that doesn't appear to be changing. With all of the available land, those suburbs just haven't appreciated nearly as much as areas where land isn't so readily available for new developments.
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Old 10-20-2008, 04:38 AM
 
Location: California
10,090 posts, read 42,410,939 times
Reputation: 22175
Quote:
Originally Posted by ZeroTX View Post
I like my cracker-jack box that costs us 18% of our net take-home pay per month (about 12% of gross), freeing up income so that we can hopefully pay it off in under 10 years and do all the upgrades/remodels that we'd like. In the event that times get tough, we'll be happy we bought on the low end of the market.
Nobody is faulting you for what you bought, so please, don't judge for what others bought and can afford.
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Old 10-20-2008, 06:45 AM
 
Location: Sugar Land, Texas
530 posts, read 2,036,446 times
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Quote:
Originally Posted by ShelbyGirl1 View Post
Nobody is faulting you for what you bought, so please, don't judge for what others bought and can afford.
I can judge all I want, particularly when peoples' desire to have a "status house" in a big new subdivision is what caused the mortgage meltdown that is causing our whole economic meltdown right now. I doubt it's anyone on this board that I'm talking about, but it is indeed the same mentality. I mean, really. When you were a kid, did you need a house with a "game room," two living rooms, two dining areas, and each child having their own private room the size of a motel room? Apparently everyone now needs that and to have anything less is slumming it.

My kids are gonna bunk up (you know those old-fashioned things, where the kids DON'T get their own room necessarily?), the "game room" is also known as "the back yard," and maybe if things go well, I can pay for them to go to college.

The people who choose to live closer in to town almost always choose to do so in a smaller house, and when it's in certain parts of town it is considered prestigious. Things are so weird here.

-Michael
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Old 10-20-2008, 07:01 AM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,732,304 times
Reputation: 4190
Quote:
Originally Posted by ZeroTX View Post
I can judge all I want, particularly when peoples' desire to have a "status house" in a big new subdivision is what caused the mortgage meltdown that is causing our whole economic meltdown right now.
-Michael
Seriously, your blaming the current economic woes on people wanting to live in the suburbs versus say, the government promoting sub-prime loans to unqualified buyers or new, unregulated financial instruments causing havoc in the credit market?. Let me guess, not an economics major in college?
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Old 10-20-2008, 07:22 AM
 
Location: Sugar Land, Texas
530 posts, read 2,036,446 times
Reputation: 197
Quote:
Originally Posted by chris_ut View Post
Seriously, your blaming the current economic woes on people wanting to live in the suburbs versus say, the government promoting sub-prime loans to unqualified buyers or new, unregulated financial instruments causing havoc in the credit market?. Let me guess, not an economics major in college?
You do realize that you can live in the suburbs without living in a newly constructed 3000sq/ft 200k+ monster house, right?... I've never owned a house anywhere BUT the suburbs and I bought my first house at age 25. I also spent less than 100k the first time and less than 125k for my current home, not only in the suburbs, but in the Sugar Land city limits, where I'm surrounded by people who bought more house than they need

Edit: I want to add that if I could have, I would have loved to have increased my budget to about 180k, but this is still far below what most of the people on this forum seem to have paid for their McMansions.

Last edited by ZeroTX; 10-20-2008 at 07:40 AM..
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