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[quote=Anonymous]This is a hard question many of us struggle with. Some of it depends on personality. Many people do buy a home and then use the equity to jump to a bigger one later. But just think about you your spouses temperament, my husband realllly doesn’t want to move for example. And if you end up in a neighborhood you love, with neighbors you love, it can be hard to want to move. We ended up doing an addition instead. We could still probably use more room but prefer to keep our smaller house and walkable close knit community. Also you never know what will happen (many of us have low interest rates now so people that thought they would move aren’t for example but it can also be unexpected job changes, an unexpected pregnancy etc)

My recommendation would be to stretch some if you can comfortably, to get a house you could be happy in and/or has room to add on if you decided not to leave. It doesn’t have to be dream home or at the top of your budget, but one that has a little room to grow, a little room to renovate. You may still decide to move in later elementary but if you end up loving it or anything changes you can stay.

Where are you looking where you are comparing younger families at $1M vs 1.5 etc?

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