Anonymous wrote:Better to be skewed in this direction (expecting to need more money for basics than you will need if you leave the area) than the other. 50% of the real estate forum here is people complaining that back home in Tennessee they'd have a mansion, a mansion I tell you! for these prices. Their expectations are skewed and it makes them miserable. What's the worst that can happen to your kid, they look around in Cleveland one day and realize their dollar goes a lot further than mom and dad's did?
THIS. Better for a kid to be raised in less, grow up, decide they're rather live in South Carolina or whatever and realize that it gets them a mansion. Though be forewarned, once they move to South Carolina and get that mansion, they are NEVER coming back. Same thing happened to me and many of my friends -- moved here from NYC, found it so reasonable financially, that now job offers to go back to Manhattan all seem meh . . . .