[quote=jpinpb][quote=walterwhite]It does seem like a not unreasonable insurance policy. I see it more as a gift to my wife, since I almost never buy her anything expensive (she never even got an engagement ring fer crying out loud. Since this house speaks to her , I can kind of view the extra high price of this house as a kind of gift.[/quote]
There you go. How’s that saying go, a happy wife is a happy marriage.
I like BGIG’s view on real estate as a form of insurance.[/quote]
Yep!
Buy the house for insurance and for your wife, and be done with it. Don’t be a jerk to her, either, if it should fall in value. Your marriage is much more important than fiat money or housing equity, especially when you don’t really need to sell in your lifetime.
Sounds like you have a good thing going (wife, kids, jobs, etc.), scaredy. Relax and enjoy…at least you got 50% off. That sounds pretty darn reasonable to me.
