MunkeeNutz wrote:The best strategy is to go for the best neighborhood you can afford.If you don't need a 4-5 BRM house, don't buy one.Go for the smaller house in the better neighborhood.I disagree that this is the best strategy.Buying the best house in the best neighborhood means that I need to work for the next 20 years to pay off the mortgage to send my child to a public school that may or may not be a good school by the time he gets around to going to school - which will not be for several years yet.OTOH, We could:1. Buy a 5 BR/3BA home in a more rural area that is a bit farther away from work;2. Our equity could mostly pay it off so that we would have little to no mortgage, and if there is a mortgage we could manage to have it paid off by the time Hubby is 70; and3. I could quit work and be a full-time mom;4. We could adopt another child; and5. Send them both to private school and/or homeschool them.I've got to work on the finances of this a bit more closely, but you get the general idea.There's a lot more advantage for me being home for my kid(s) than there is in my working until 9pm at night.CCSand
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<