Is a more "luxurious" house worth it
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Date: April 30th, 2025 6:58 PM Author: Ungodly Parlour
That can cover a huge range of houses, from 3000 sq ft in the most desirable areas to an 8000 sq ft aging mansion.
But assuming he bought something reasonable, either the house is a complete piece of shit or the contractors see him as an easy mark or you're exagerrating.
The only shit he is going to spend that much on is AC units, plumbing, and foundation, so what is he spending so much on in later years after all that is fixed? Flooding the house and replacing the floor on an annual basis?
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48894770) |
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Date: April 30th, 2025 5:22 PM Author: shimmering maniacal elastic band
one of the main reasons i'd move is to get a larger yard tbh
i have a young kid though, but would be nice to get an acre or more
i work remotely, so commute doesn't matter as much, but i work out of the master bedroom (no separate office)
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48894498) |
Date: April 30th, 2025 7:14 PM Author: Cerebral Confused Half-breed Candlestick Maker
I have heard of Boomers buying up luxurious properties, doing full renos, full landscaping upgrades, full decorating jobs, etc. and then selling for a profit in really booming luxury markets like Palm Beach. Perhaps those deals are worth it, but you've gotta have a lot of money to play and you're constantly spending cash and there's tons of risk.
For basically everyone else, purchasing a single family home and going all in on luxury is not going to be a great decision financially. It could work out, but it probably will not. So if you go for luxury, you better damn love where you live, what features you have in your big house, and tons of money to pay for it.
The safest option is always to buy and live in the least amount of house that you need. The things that are important are: safety, enough space, good location. Like someone else said, the best convenience is ease of commute to your work/school/life activities/etc. That's true.
With bigger houses come bigger expenses and often times the "luxury" of having a house isn't worth it. With the proliferation of all of these private clubs, for $400/mo you can get a pool/spa/gym/sports courts/etc. that someone else maintains for you and just live somewhere convenient. So, there's a cheaper way to LUXEMAX if that's what you're into.
Now, if you have so much money that you don't know what to do with it, then why not go all out on some luxuries. I mean, what else are you going to do with the money? But unless you feel rich, you should watch this expense because if it gets out of hand, you can wind up poor and broke and miserable at the drop of a hat.
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48894801) |
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Date: April 30th, 2025 7:16 PM Author: shimmering maniacal elastic band
i'm not rich - prob 1.3 million net worth outside of my house (mainly liquid)
but i guess i could theoretically buy a 800k-1 million house
i'm leaning towards staying in my house because it's paid off and i don't have to worry about it, but it's not lux.
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48894808) |
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Date: April 30th, 2025 8:48 PM Author: shimmering maniacal elastic band
my house is fine, just a bit small and a little far from the downtown area
i work from home and have to work out of the master bedroom - would be nice to get an office
but i also hate stress and would rather not have to worry about stuff
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48895046) |
Date: April 30th, 2025 7:34 PM Author: Slippery lettuce twinkling uncleanness
Depends on what you mean by “luxurious.”
If it means more gizmos and automated crap, then no it’s absolutely not worth it.
If it means a more sound structure, bigger rooms, bigger windows, and nice views, then it’s definitely worth it (depending on the premium you pay).
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48894850) |
Date: May 2nd, 2025 3:44 PM Author: khaki ratface legal warrant
Just decided against doing exactly this because I don't want to pay off a 3% loan to take out a bigger 7% loan, just seems retarded.
Current place meets all needs. It would be nice to have a bigger, fancier place and I could afford it but I just can't justify basically wasting money.
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48899550) |
Date: May 5th, 2025 2:39 PM Author: lascivious double fault
The only thing that matters is location and maybe the view. Living on a park and walking there every day instead of a suburb where you need to drive, matters. Shorter commute, better neighbors, all that matters. Moving to FL was the best move we ever made. Well worth it.
More interior space - probably not worth it. Unless yoh're super cramped, likely won't matter. Bigger rooms are epically stupid.
Luxe finishes - you can get that for an existing home, and do it your way, and not double or triple your interest rates.
(http://www.autoadmit.com/thread.php?thread_id=5718850&forum_id=2...id.#48905772)
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