Reply to What would you do -- houses, schools, commute, mortgage, retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow, so you stay at home and just want to save more money at the expense of a really long commute for your husband and your children's education?  Sounds like you want to make sure you like the neighborhood since you're home all day and that you aren't thinking about the rest of the family.  Having a mortgage of 100k at your income isn't a big deal and you should be able to pay it off quickly maybe - gasp - princess you should get a job and help to do that.  [/quote]

Yeah, right.... I'm the princess driving the 12.5 yr old sedan!  Right!  You have no idea what you are talking about and I'm not going to fill you in on reality.

Well, you are the reason they say "a fool and his money are soon parted."  The "cost" is not simply a $100k mortgage.  The cost of the Vienna move would be about $300K b/c we would be taking 160k from savings (that $5k per month has been adding up), and then getting $100k mortgage and then there is the cost of selling -- including commission, moving costs, real estate sales taxes, atty fees, etc. -- which is about $50k more.  So we're taking about a cost of $310K to move into Vienna.  That's money that's not available to pay for the kids' braces, replacement cars for either of us, therapy for the kid most likely to need it, etc. etc.  And given that the stock market is low right now (buyer's market), it might be wiser to put that money in a fund and use it to pay for tutors.  As it happens, I'm actually the one motivating us toward a move.  I just don't know what is the smartest decision given all the factors involved.  We are generally financially conservative and risk averse -- and that put us in a position where we have options![/quote]

OP, the move to Vienna is not going to 'cost' you $300k. You are investing that in real estate while also providing your family with a place to live. The only true cost is the closing costs and the move. [/quote]

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