Anonymous wrote:

Anonymous wrote:Need some guidance as we are seeking bigger house closer to school and work. I make 375k a year-265k salary plus 110k cash and stock bonus. Spouse makes 170k

Our mortgage is 550k, 2.875% interest rate.
paying $90k a year in private school tuition and one with special needs. If we move, public may or may not work out.

Any guidance? We maxed out our 401k

Kids are in late middle and HS. How much more house can we afford or are we crazy to move given the tuition cost and current interest rate?

If you have a child in HS, you don’t move them to a different school. They stay in private until they graduate unless they push for something different.

Pretty much this. The opportunity window for moving has closed for now. Once your kids are in college, you can reevaluate you needs/options.

Another vote for stay- house will feel bigger when kids are out and even when they are busy in HS.

Anonymous wrote:I keep saying the same comment to my wife about how things will seem smaller with kid in college after high school. But realistically they will be back for 4 months of the year. Even after college is pretty normal for adult kids to stay with parents for at least a few years.

We still can’t take ourselves into a bigger home though. Were are focusing on updating/fixing instead. I Just put in two new ToTo toilets last weekend.

Umm, no. Sure, their freshman year, maybe sophomore year they will be home for some period of time. But by then they are out with friends way more than they are home (yes, really), and no, it's not "normal" for adult kids to stay with parents for at least a few years.

Do some do this, yes, but it's definitely not the norm. We have one working for 3 years since college graduation, one who just graduated (he and all his friends have jobs or are headed to grad school, none are moving back home), and one rising HS senior.

Spend the 60k you would’ve spent on real estate transfer fees on making your current house nicer.