I've been watching those shows where people go house hunting on TV.
Lately, it has been mostly young couples looking for their first homes.... one in particular was looking for a 4-bedroom home with a media room, formal livingroom and dining room, 3 bathrooms etc...
They were planning to live in it for two years (he's military on a 2-year assignment), and they had no kids -- nor was she pregnant.
The couldn't find one that suited them, so they ended up building a new house --
A new house they'd live in for 2 years, without any kids... AND, he's going to be on assignment a lot during that 2-years, so she'll be there BY HERSELF, in a 4 bedroom home.
Why do they need all that space? Why heat and cool it? Why build a new huge house someone else will then be compelled to buy for his bachelor pad -- or for the dog to live in while they build a house across the street?..
They had a nice down payment and could afford a mortgage of about $250,000. Why not buy a nice condo or townhouse that fits them -- which would have cost them about $150,000 -- and with their down payment, their mortgage would have been about $70,000. Instead, they bought a place that made their mortgage $223,000 -- -over three times what they would have financed had they bought a place appropriate to their actual needs...
Am I crazy for wanting to buy something that is just big enough for me, Hubby and 3 cats? 1 bedroom + den is big enough for us. Should I be wanting a big house in the suburbs?