Reply to If you are house poor, do you regret it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]2hr commute each way to 30 minutes.  Schools rated a 2 to schools rated 8.  Not at all walkable to very walkable.  I do not regret it.  House poor isn’t a permanent thing, it only takes maybe 3-5 years and things get better.  People that say being house poor isn’t good are rich and don’t have their kids in a school rated 2.[/quote]

Many people won't have significantly higher income in 3-5 years to make it "better."  And even for folks who expect an income increase- such as making partner - can have setbacks that stop the increase or even imperil the income level when you bought the house.[/quote]

Put your kids into a school rated 2 and see how you like it.[/quote]

I wouldn't, but it isn't an either or situation.  You could find a house in a better school district for less.  It could be further out, further from metro, smaller, older, etc.

It wasn't just schools that made you house poor.  It was all these other choices too.  Hopefully, it will work for you.  For many people it wouldn't.  And for folks with little hope for big raises (e.g., maxed out Feds) flippantly saying income will get better in 3-5 years isn't true.[/quote]

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