Reply to WWYD: 1 BR APT + Preschool Tuition in NW or 2BR APT or house + Charter School in NE

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Reply to "WWYD: 1 BR APT + Preschool Tuition in NW or 2BR APT or house + Charter School in NE"

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[quote=Anonymous]Some thoughts on the financial question:

There are much cheaper places to live in a 1BR. And some where you can up to a 2BR without much higher rent. 
We have RCN internet ($44) with Netflix ($7) and VIOP ($12) for a total of $63/mo and I'm planning on dropping the VOIP to bring that down to $51.
We have T-mobile, two smart phones, not unlimited data but enough, for $129/mo. Yes, I spent almost a work-day on the phone with them to get it, so your miliage may vary. 
I can't recommend anything that results in more car costs/debt. That's just a black-hole of money. Better put those costs to school/rent/debt.

In your situation, I would find a way to cut costs for a while and dig out. Moving where you can get some space for no more cost isn't bad. Yes, one person says it's disruptive, but kids are rsileint and it's better that the family be strong and financial sound than that they are never challenged with change. Taking the charter would lighten things up by a HUGE amount... and moving closer to it would mean no extra car costs (win/win).

To the person who says not to buy in DC because of schools - we've owned three times in DC and made a nice return on each investment. Why NOT invest if you can? Also renting a house in DC is not that hard, unlike in markets like, say, Phoenix or Atlanta. I don't see it as sound financial advice to recommend families RENT indefinitely.

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