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Old 09-21-2013, 09:50 PM
 
Location: surrounded by reality
526 posts, read 997,992 times
Reputation: 622

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When people say on this forum "Which area of X should I by a house in? Money is no object.", what exactly do they mean?

I suspect that only a small minority of such posters have a way to comfortably afford, let's say, 90% of the properties in the target area. Even those who can afford a lot, in my experience, do not throw around statements like that. Does this in reality mean one of the following:

- I'm not really interested in the practical advice, this is a purely hypothetical question
- I am delusional and have no clue about what it takes to own a house or money in general

Or is it usually something else?
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Old 09-22-2013, 08:54 AM
 
Location: Denver
14,157 posts, read 19,805,340 times
Reputation: 8810
It's probably people who can afford an apartment in any city that works from home. That's not hard to assume.
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Old 09-22-2013, 09:53 AM
 
Location: roaming gnome
12,391 posts, read 24,603,348 times
Reputation: 5672
Yeah I don't think they are buying a house. But yes many people can move around the country, it's not that special. Esp single people and DINKs. They pick a city and look for jobs there, then interview and relocate. Or, they work from home and can move wherever.

Most white collar workers with a few years experience could do this, even to SF, LA, NYC, DC etc. Will they get less space for their money there if coming form somewhere like Denver? Yes, of course... but they can still do it if they wanted to.
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Old 09-22-2013, 10:37 AM
 
Location: North Idaho
22,778 posts, read 28,861,524 times
Reputation: 44066
Sometimes people who are selling in an expensive area move with enough cash to buy just about anything in their new area.

Sometimes people have really good jobs, or an inheritance, or won the lottery.

All those expensive house have had someone be able to buy them. It's not impossible that someone else will have enough money to come along and buy them again.

Or, sometimes people are, what's the expression? Blowing smoke up your skirts?
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