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[quote=Anonymous][quote=Anonymous]Our rising senior (only child) has asked that we stay in the house until she finished at least one year of college.  We had always intended to move from the suburbs back to the city when she was in college, but a couple things have impacted that thinking:

- We both work from home some or all of the time.  That'd be difficult in a 2 BR condo.  We each have our own office here, which is great.
- Our mortgage interest rate is ridiculously low.  We have enough equity to buy a place for cash, but it probably makes more sense to keep this place for now.
- We are not yet retired, but getting closer (looking at when she graduates college).  We're undecided if we want to stay here long term, and it would be silly to move for 3-4 years.
- As another PP said, it's questionable verging on unlikely that our kid will be able to afford a house in this neighborhood.  We have sufficient retirement assets that we don't need the equity, and if she plans to stay in the area (and wants it) it would be nice to keep the house for her.  That's pretty common in this neighborhood - lots of parents live in or near the house in which they grew up.  [/quote]

That's interesting, because I'm thinking the same way about keeping the house as a rental for my DCs to use later.  Our neighborhood has gone up in value so much that it would be impossible to purchase a home at starting salaries, the way DH and I did.[/quote]

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