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[quote=Anonymous]I also have 3 kids. The cost of private school tuition for 3 kids long term (which it sounds like this will be if your kids are young) is so high that you really need a massive income/assets to support it--it's almost impossible for lifestyle changes to really make a meaningful difference.  Unless you're looking at parochial schools or something inexpensive like that, the cost likely far outstrips the cost difference between the two types of houses you're considering.  $120k/year tuition is like having a $1.5m mortgage. (except...you'll never see the money again--it's like the mortgage is interest-only and you can't live in the house or ever sell it).  I would invest in a house in a good school district that has better chances of increasing in value/helping you build net worth and then reassessing private school down the line.  PP's suggestion about splitting the difference in a good one--choose a district that's good enough with a house that works for your family and don't jump into private school just yet.[/quote]

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