Have you bought a house that you will financially "grow into"?

This sounds just as uninformed as the comment /u/Eracas5 made. This isn't in the middle of no where, it is 15 miles from the capitol of the state. It is right down the street from one of the best teaching hospitals in the country. I know a trauma surgeon that works at that hospital that makes almost half-a-million a year, his house is much more expensive than the one you're trying to tell me no one can afford. There are several multi-billion dollar corporations that are constantly hiring. There is a valid argument to be made that salary is not as high here as it is in San Francisco or NoVA, but my counter to that would be that our COL is also so much lower.

Several of our software devs make over six figures and all of them make close to it. I don't know what the average salary for a software dev is in NoVA, I'm sure it is higher, but people here aren't jobless hicks like you are insinuating.

Actually, that house is still expensive for where it is. You can buy a house just like that in an affluent neighbourhood/suburb in NoVa - but on half an acre instead of 11.

You can't do that, though. You can't divorce the value of the house from the value of the land. Land has intrinsic value, that house on half-an-acre is frankly worth less than that same house on 11-acres, it is merely the location that is influencing the prices; demand for housing in dense urban areas that can't expand is high. You are paying more for less, period.

/r/personalfinance Thread Parent