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Metropolitan New York City
Reply to "Insane to keep NYC apt and rent in the burbs for reasons school?"
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[quote=Anonymous]I think you kind of need to go all in if you move the burbs. Warning you that there are two options and neither is ideal. Pick your poison Burbs: Long commute Cliquey and life revolved around kids Home repairs Car dependent More space No school tuition City: No space Expensive school tuition Kids grow up fast Short commutes The financially responsible choice is a 30 year fixed mortgage in the burbs and no school tuition. Private school is terrible financially unless you have inter generational money to fund it or you have more money than you know what to do with. The fact you’d consider just renting in the burbs tells me you’re not in either of these categories. You’re likely to move to the burbs and dislike the people and then overtime forget you’re saving $140k a year by living there. [/quote]
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