Reply to Have you moved to get a better in-bound school?

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[quote=Anonymous][quote=Anonymous]We thought about moving for schools, but we love our local friends and house (and our low mortgage interest rate). We decided to go private instead--we figured our monthly cost would be roughly equivalent when considering a new, higher mortgage. It has worked out for us. [/quote]

That's good to hear...This is our likely bet for next year too. Pretty sure we could keep the friends even if we moved; we like the house ok; but the bottom line is we love the mortgage rate - and also got decent financial aid on a private school just a few minutes away.... so that even if we made an even trade on house price dollar for dollar in a good district, the extra we'd pay out for the higher mortgage rate until rates come down significantly (if they ever do) would roughly equal what it would cost us to just stay put and shell out for the post-financial aid private school rate. So that'scurrently the path of least resistance.

That said: we're federal workers - so who knows what the future holds? The smartest play eventually might be to rent out our place (in a neighborhood that's fab and in demand when you're a few years younger, but just ok and borderline annoying when you're middle aged) and go for a rental in a decent upper NW school district - to stay par on housing costs and eliminate the school cost. There's just a pretty decent amount of initial effort, expense and mental energy attached to that, so we couldn't even handle thinking about it in the environment of total chaos in this town that happen to coincide perfectly with lottery and school application season this year. [/quote]

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