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[quote=Anonymous]Since you are renting, you don't need the security of good schools.

Your children are 2 and -6 months.  You will not need to worry about elementary schools for 3-4 years.  In that time you could save a lot of money by moving to a lesser neighborhood that has a decent commute but lousy schools.  Rent in that area and you will save a considerable amount of money (a few hundred dollars a month at least).  I would rather move to a lower cost rental without good schools and apply the extra money from lower rent towards getting a nanny I trusted than decrease retirement or dip into savings or stop saving for rainy day/house down-payment.

In 3-4 years, when your oldest is ready for kindergarten, then you can start to look at buying in a neighborhood with good schools or renting in a neighborhood with good schools.  When your oldest goes to school, you can make a different decision when you have more disposable income due to lower childcare costs (and your wages may have gone up).

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