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1) Current 500K house (close to paid off), OK public school cluster (improving, I hear), in neighborhood we really like
2) Current 500K house, excellent private school at about $25K a year, stay in neighborhood we really like 3) Move to 700-800K+ house in excellent public school cluster We could pull off any of these financially, but there are clearly pros and cons. I think we know which one we are leaning toward but I am curious what others have done in similar circumstances. |
| Option 1. |
| 25K a year x6 = 150K. Unless you love your private, I would move. |
| 1 |
| 2, then 3. |
| We're doing #2. House is paid off and the commute cannot be beat. |
| Option 1 then maybe option 2. Option 3 is the most expensive and u may not like the neighborhood or ur actual neighbors. More expensive house doesn't always mean a better life. |
| 2 |
| give option 1 a try |
| try option 1, with 2 a possibility if needed. |
| 3 |
OP here -- you guys are helpful! Crowdsourcing my family's future is fun
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#3
Seems like a no-brainer to me. Why waste money on private when you could have an excellent public? Plus, there are lots of great neighborhoods out there. Who's to say you won't like a new one even more? |
| To answer that hypothetical question: the reason we currently like our neighborhood so much is partly location but partly that our kids have lots of friends they have grown up with here. So even if a move is relatively nearby, it would involve leaving friends on our current street, school, pool, activities, etc. Not to say 3) isn't an option, but that's one of the "cons." |
| OP, how do your kids feel about the decision? Any idea what they want? |