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Real Estate
Reply to "Buying a house with young kids"
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[quote=Anonymous]I have 2 toddlers and am looking to buy our first house. Kids will go to public school (or at least start off there). My budget is in the $1M - 1.5M range. Do you think it's better to aim for the higher end of the budget so we can look for something closer to our "dream" house that we can live in for a very long time and not have to move, which is a pain? Or is it common for people to outgrow or want to upgrade their house at some point, such that having a lower budget is fine now? I'm also thinking that it might be easier to meet other young families in the neighborhood if we buy something more modest (just by virtue of younger people having less cash). Plus it actually seems more manageable to raise smaller kids in a smaller house since they require so much supervision. And of course, given rates right now, it would be nice to avoid paying all that extra interest. Any insight here based on people's own experiences? I guess my question comes down to whether it's reasonable to move into a house knowing that we'll want to move at some point, or to stretch a bit financially to get something we would love for the long run. [/quote]
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