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Author: ems79 Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127464  
Subject: Re: Downpayment Sources Date: 5/10/2013 2:24 PM
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We'd love to be on the T, it's one of the reasons we may stretch for Concord. Newton's on our list, very little is available there for under 600k. Weston and Brookline are out of our reach, as there is literally nothing in our price range. The other towns to the south would be bad for commuting to Waltham as I would be stuck fighting 128 traffic the whole way (been there, done that, don't wanna again).

FWIW:

I work in Waltham and live in Reading. The commute is about 17 miles one way, all along the same highway (I95) and it can be fairly painless, especially if you are avoiding the 8-9AM and 5-6PM windows.

I don't know what size/configuration of house you're looking for, but $400K will buy you a very reasonably 4BR/2BA house in Reading, which I can attest is a nice town, and I'm told has decent public schools.

For future jobs, Reading is pretty convenient... it has a commuter rail stop, and my drive home from BU on most weeknights after 8PM is only about 15-20 minutes door to door up I93. There is also the Oak Grove Orange Line stop in Melrose/Malden that is a short drive from Reading and avoids having to be on I93 during rush hours.

Good luck.
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