Fair point. But bear in mind that a house there will probably keep the value difference (to a degree, anyway) over time, so it's not like you won't see the money again. Which is why it could make sense for you to go for it, if you really wanted to.
Personally, I wouldn't like to live in a richer area, because while you might not suffer from the snob factor, a lot of your neighbours may well, and you'd be surrounded by that culture while you live there.
Personally, I wouldn't like to live in a richer area, because while you might not suffer from the snob factor, a lot of your neighbours may well, and you'd be surrounded by that culture while you live there.