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Old 07-24-2017, 07:53 AM
 
2,771 posts, read 2,215,465 times
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Quote:
Originally Posted by bugelrex View Post
I wonder how happy most people would be to live in a 3br 1600 sqft shack with 2 kids and a 700k mortgage and both parents working making 100k each just to make ends meet.

Well, I guess at least the kids will be happy in a great school and the parents get to say they live in Newton.
They could always move somewhere cheaper.
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Old 07-24-2017, 08:48 AM
 
1,338 posts, read 946,347 times
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Quote:
Originally Posted by BaustinTejas View Post
That is great to hear and stories like that are some of the reasons why I even bothered to interview. However, as I already said. I would be hard pressed to manage my grocery list and have a roof over my head let alone survive cancer there. For some it works fine, but I struggle to rationalize how anyone would want to move their family in unless they had a 7 figure estate coming with them.
Differing priorities and generational wealth. The average family size in the desirable metro-west 'burbs ranges from 2.3-2.8, while Houston's preferred 'burbs are 3.3-3.6.

Boston more closely aligns with trends in western Europe, particularly at the upper percentiles of wealth - secular, small family units, dense, and highly provincial.
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Old 07-24-2017, 11:27 AM
 
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Originally Posted by timberline742 View Post
1600 sq ft is a shack????!!!!????!!!
Yes that really made me laugh. If you think 1600 sq ft is a shack then yeah you might not do so great in the Boston area.
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Old 07-24-2017, 11:55 AM
 
419 posts, read 247,672 times
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Quote:
Originally Posted by timberline742 View Post
1600 sq ft is a shack????!!!!????!!!
The average USA home is about 2400 sqft, is 1600 sqft in a Boston metro SUBURB not considered on the smaller side? In the City, no but we are talking suburb here
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Old 07-24-2017, 11:59 AM
 
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Quote:
Originally Posted by bugelrex View Post
The average USA home is about 2400 sqft, is 1600 sqft in a Boston metro SUBURB not considered on the smaller side? In the City, no but we are talking suburb here


"Smaller side" is a far cry from "a shack"
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Old 07-24-2017, 12:10 PM
 
419 posts, read 247,672 times
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Quote:
Originally Posted by timberline742 View Post
"Smaller side" is a far cry from "a shack"
If you have to pay 800k for 1600sqft in a suburb then "relatively" it can be described as a shack.
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Old 07-24-2017, 12:16 PM
 
2,771 posts, read 2,215,465 times
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Quote:
Originally Posted by bugelrex View Post
If you have to pay 800k for 1600sqft in a suburb then "relatively" it can be described as a shack.
At, $800k you can buy a much bigger house somewhere else. No one is forced to buy "a shack" in Newton.
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Old 07-24-2017, 12:17 PM
 
7,027 posts, read 6,715,566 times
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Quote:
Originally Posted by bugelrex View Post
If you have to pay 800k for 1600sqft in a suburb then "relatively" it can be described as a shack.
The Boston area is one of the most expensive in the country, and Newton is one of Boston's most expensive suburbs. No, it's not a place where you would be looking for bargains on houses.


My first home was around 1000 sf., 3/2 no garage. No one ever described it as a shack.
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Old 07-24-2017, 12:25 PM
 
419 posts, read 247,672 times
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Quote:
Originally Posted by massnative71 View Post
The Boston area is one of the most expensive in the country, and Newton is one of Boston's most expensive suburbs. No, it's not a place where you would be looking for bargains on houses.


My first home was around 1000 sf., 3/2 no garage. No one ever described it as a shack.
I can guarantee you didn't pay 11x the average Boston income at the time. If you paid 800k for it those many years ago it may have been described as such.

My point is, this thread is from a newcomers perspective, when you take into account how expensive the smaller houses are relative to average income...

A Honda Civic priced at $50,000 would be considered a rust bucket but at 15k it would be a nice car. FYI, I think a Honda Civic does cost 50k in Singapore due to taxes!
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Old 07-24-2017, 12:28 PM
 
32,778 posts, read 22,716,611 times
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Quote:
Originally Posted by bugelrex View Post
A Honda Civic priced at $50,000 would be considered a rust bucket but at 15k it would be a nice car.


Uh, I have no idea where you're getting this notion. It very well may not be worth the money, but no one in their right mind would call it a rust bucket... or call 1600 sq a shack.
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