Eyerishgold
Recycles dryer sheets
- Joined
- Aug 14, 2007
- Messages
- 224
I don't get it.. Friends of mine and DW just bought a perfectly nice house about a year ago in an upscale suburb of Chicago. It's plenty big for their family of 4. However, they've recently told us that they sold their house and just bought a 4000 square foot house in the same suburb. We looked up the listing price and it was $979,000.
What I find amusing about this is that they were thinking about moving to an even more upscale suburb but then decided that they'd have to spend too much money to keep up with the Joneses if they moved to this other more upscale suburb. So, I guess that they decided to become the Joneses instead. He's an investment banker and she doesn't work. I'm sure he makes good money but during a conversation with DW, Mrs. Jones dropped this on her. "Well, at least you guys have a savings account so you must be doing something right." WTF!! These are perfectly intelligent people and I just don't get it at all. DW held back that we not only have a healthy savings account, but a healthy brokerage account as well as IRA's, 401k's etc. How do you not have any savings at all and decide it's a good idea to buy a million dollar house? We're assuming that they used the proceeds of their sale (they made a profit) and his bonus for the down payment but they could've stayed in their current house, banked the bonus and been way better off. I just don't get it at all.
I humored them a bit by saying how nice the house was and that I was jealous of their nice new home but all I was thinking was this is stupid, stupid, stupid. Thanks for listening to my rant.
What I find amusing about this is that they were thinking about moving to an even more upscale suburb but then decided that they'd have to spend too much money to keep up with the Joneses if they moved to this other more upscale suburb. So, I guess that they decided to become the Joneses instead. He's an investment banker and she doesn't work. I'm sure he makes good money but during a conversation with DW, Mrs. Jones dropped this on her. "Well, at least you guys have a savings account so you must be doing something right." WTF!! These are perfectly intelligent people and I just don't get it at all. DW held back that we not only have a healthy savings account, but a healthy brokerage account as well as IRA's, 401k's etc. How do you not have any savings at all and decide it's a good idea to buy a million dollar house? We're assuming that they used the proceeds of their sale (they made a profit) and his bonus for the down payment but they could've stayed in their current house, banked the bonus and been way better off. I just don't get it at all.
I humored them a bit by saying how nice the house was and that I was jealous of their nice new home but all I was thinking was this is stupid, stupid, stupid. Thanks for listening to my rant.