Reply to Can't afford private - taking out $800k mortgage

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[quote=Anonymous][quote=Anonymous]We stayed in a cheap house (Zillow says it is worth $240k today) and send out 1 child to private. Would it be a better investment to move to a good school district? Maybe, but other trade offs come with it, like commute, costs of actually moving, loss of our neighborhood, and the strangling, panicky feeling I get when I think of having all my money in a house. For whatever reason, I'm more comfortable putting my money into tuition.[/quote]

With one child, the expensive house and public schools isn't that much better than staying in a cheaper house and doing private school and if there are other compelling reasons, it makes sense.  When you have 2-3 kids, the costs of private are so much versus the high house and public schools.  Everyone has to do what they think works best for them.  Obviously, the decisions isn't always 100% financial. However, financially, the public schools and high housing costs usually make more sense than private with 2 or more children, unless the schools are dioceses schools.[/quote]

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