Anonymous wrote:At that age I would just say "this is the house that works for our family! I love the x and the y" help her focus on what you have, not what you don't have.
Anonymous wrote:My friend lived in a close in suburb but it was the mom who didn’t like the old house. They moved to another house just as close but it is a newer home. They have the money to do so. It sounds like you do as well.
It is common to upgrade your home. Sounds like you bought this house before kids.
You could always renovate. My friend actually considered renovating but their kitchen alone would have been over 100k. They now live in a beautiful home with a beautiful kitchen and better layout.
I grew up in a home I was not proud of. I never invited anyone over because I was ashamed of my home.
Anonymous wrote:Anonymous wrote:DD8 has been going to friends houses and many live in very nice houses. We live in an inner suburb with primarily older houses, but she is in an activity where most of her friends live in the exurbs where there are mainly new builds. She goes over to their houses and has started saying she wished we lived in a nicer house like that. Happened again last night.
The spread between what our house would sell for and what theirs would sell for isn’t as astronomical as I’m sure she thinks. We are just in a far more desirable and practical location, making our modest home more desirable.
We bought our house in 2009 for cheap and have re-fi’d a couple times into 2.5% interest rate. Our house would sell for more than double we bought it for, but it’s such a great place to be in to have a small mortgage payment and we will have no payment before she goes to college. It’s financial freedom.
Last night when she said she wished we lived in a nicer house like that, she said she knows we can’t afford it. However, we very much could and then some. We may about $500k a year. The approach I’m taking with DD is very practical to explain why we stay … we have no debt, we can pay for college for her, we can pay for her crazy expensive activity, we can retire earlier, she won’t ever need to help us financially when we are older, etc. Is this too much info for an 8 year old? Would you explain it a different way? She’s pretty mature, so I’ve taken to just telling her how it is with a lot of things recently.
I love picturing OP trying to explain this to her 8 year old.
Anonymous wrote:This actually might be the perfect time to introduce the “grass is always greener” concept.
Anonymous wrote:Anonymous wrote:Anonymous wrote:DD8 has been going to friends houses and many live in very nice houses. We live in an inner suburb with primarily older houses, but she is in an activity where most of her friends live in the exurbs where there are mainly new builds. She goes over to their houses and has started saying she wished we lived in a nicer house like that. Happened again last night.
The spread between what our house would sell for and what theirs would sell for isn’t as astronomical as I’m sure she thinks. We are just in a far more desirable and practical location, making our modest home more desirable.
We bought our house in 2009 for cheap and have re-fi’d a couple times into 2.5% interest rate. Our house would sell for more than double we bought it for, but it’s such a great place to be in to have a small mortgage payment and we will have no payment before she goes to college. It’s financial freedom.
Last night when she said she wished we lived in a nicer house like that, she said she knows we can’t afford it. However, we very much could and then some. We may about $500k a year. The approach I’m taking with DD is very practical to explain why we stay … we have no debt, we can pay for college for her, we can pay for her crazy expensive activity, we can retire earlier, she won’t ever need to help us financially when we are older, etc. Is this too much info for an 8 year old? Would you explain it a different way? She’s pretty mature, so I’ve taken to just telling her how it is with a lot of things recently.
I love picturing OP trying to explain this to her 8 year old.
Op here. I don’t think it’s crazy to mention we bought our house a long time ago when things were less expensive. That’s all I said.
Anonymous wrote:Anonymous wrote:DD8 has been going to friends houses and many live in very nice houses. We live in an inner suburb with primarily older houses, but she is in an activity where most of her friends live in the exurbs where there are mainly new builds. She goes over to their houses and has started saying she wished we lived in a nicer house like that. Happened again last night.
The spread between what our house would sell for and what theirs would sell for isn’t as astronomical as I’m sure she thinks. We are just in a far more desirable and practical location, making our modest home more desirable.
We bought our house in 2009 for cheap and have re-fi’d a couple times into 2.5% interest rate. Our house would sell for more than double we bought it for, but it’s such a great place to be in to have a small mortgage payment and we will have no payment before she goes to college. It’s financial freedom.
Last night when she said she wished we lived in a nicer house like that, she said she knows we can’t afford it. However, we very much could and then some. We may about $500k a year. The approach I’m taking with DD is very practical to explain why we stay … we have no debt, we can pay for college for her, we can pay for her crazy expensive activity, we can retire earlier, she won’t ever need to help us financially when we are older, etc. Is this too much info for an 8 year old? Would you explain it a different way? She’s pretty mature, so I’ve taken to just telling her how it is with a lot of things recently.
I love picturing OP trying to explain this to her 8 year old.