Anonymous wrote:
Anonymous wrote:We currently own a home which is slightly too small for our family as the kids are getting older. We're considering buying a slightly larger home which is significantly more expensive but our dream house of sorts. We'd still be able to save for retirement and college for the kids. We wouldn't be able to do private school, country club, or trust funds for the kids. I realize we're very lucky and this is a good problem to have but still a difficult decision. Middle of the road option is to buy a less expensive house but there isn't any great ones on the market and we risk having to change our kids elementary schools.
Any thoughts or words of wisdom ?
I personally would drop the country club and maybe get the middle of the road house. Is your house too small in that it doesn't have enough bedrooms or is the square footage just not to your liking? I don't think the dream home is worth losing the flexibility to deal with other things that may come up as your children age. What if one of your kids turns out to be a tennis prodigy and needs to go to one of those tennis schools in Florida? What if one of them gets bullied in public school? Wouldn't having the flexibility to send them to private school be better than having a bigger yard?
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