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Reply to "Making 150k with mortgage of 550k?"
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[quote=Anonymous]Make sure that you factor in other costs. Moving from a small townhouse or condo to a SFH can be a modest or big bump in other expenses. Utilities - heating/cooling Lawn care Commute time if longer, need for 2 cars if no longer metro accessible Age of the house and budget for repairs Alarm system If you have young kids and are banking on lower costs once you are out of the daycare years, be careful. Aftercare/before care and camps really add up. If you include all the other activities that older kids do -sports teams/classes along with after/before care and camp you don't end up saving much compared to daycare. [/quote]
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