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Need Patnetters Help - Life Situation


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2022 Mar 6, 6:42pm   8,284 views  167 comments

by porkchopXpress   ➕follow (0)   💰tip   ignore  

My wife and two high-schoolers currently live in the San Diego area renting a house. Since getting a new job last Fall that's fully remote, I've been pushing to move out of CA for more freedom, lower taxes, and to avoid the new vaccine mandate for K-12 students. My wife had the jab and is fine with our sons getting it to stay in CA, but I'm adamantly against it for all of the obvious reasons...they've even had Covid already.

We all decided that the Nashville area (i.e., Franklin/Brentwood) is where we'd all agree to move this Summer, but the house prices are INSANE. We've only ever rented and she will NOT agree to moving to another rental; she wants to buy. So, I'm stuck between stretching ourselves a bit to buy a $1.4M home in Nashville area, or staying in our current rental but making our boys get the vaccine to stay in school. My boys are already bummed about the thought of switching high schools, so they'd be willing to get the vaccine to stay in their current school. I feel like I'm alone in fighting against the easier path, which is clearly staying put in our current place until they finish school.

What would you guys do?

P.S. Given the no state income tax and the down payment I've saved up, I could theoretically make a $1.4M work but it's beyond what I'd prefer to pay. I'm also scared shitless that housing is going to crash, but what if it doesn't?

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75   Shaman   2022 Mar 7, 9:53am  

I still live in California. No plans to move in the next three years. My kids will never be vaxxed with the mRNA shit. We are a Pureblood family and we will stay that way.

My oldest daughter is 14 almost 15. I figure we have a year or so before any existing mandates get enforced on her. But my philosophy with these mandates has always been to stall for time. The more time that goes by, the more likely it is that the mandates:
1)will be declared illegal by a judge
2)will be dropped as an adherence to Narrative 2.0 and the Democrats wanting to win future elections
3)will cease as people recoil in HORROR to the increasingly bad prognosis of the vaxxed.

You need to stall for time, bro. And visit some other places! I have a good friend living in a suburb of Nashville and he says the prices are crazy. There’s land all around, just a CURRENT scarcity of dwellings, given all the rich California transplants relocating to the suddenly popular area. Given time, the prices will fall again as thousands more houses get built. It’s a bad time to buy in Nashville.

My advice is to do vacations in other possible locations. Check out South Carolina or Georgia. Or Florida of course. There are some absolutely beautiful places in Carolina to live. And my seventeen year friends who just moved to Georgia are loving their new home and new life. Their kids are happy and going to public school. The community is welcoming. Life is good.

I firmly believe the vax is long term TERRIBLE for people. My 40 year old friend took one J&J and has been totally disabled for the past five months with no improvement. You can NOT unvax yourself! She sure wishes that was possible.

Also the vax DOES CHANGE YOUR DNA, possibly for your gonads as well! It’s life altering and family altering. You become a GMO organism which perennially produces toxic spike proteins. Your immune system is compromised and due to OAS can’t develop immunity to new viruses and variants! And then there’s the 300% rise in cancers among the vaxxed. That isn’t an accident and it’s going to happen more often in the future.

Finally, check out this article:
https://www.thegatewaypundit.com/2022/03/new-orange-county-athletes-plan-participate-sports-year-must-electrocardiogram-test/?source=patrick.net

So the Orange County health authorities are worried enough about the heart health of teenagers that they’re requiring an ECG of all student athletes? I’m not opposed to the health order which could catch some congenital cardiac issues. I had a friend in high school who died suddenly of that, so it’s real. But the TIMING is absolutely indicative of a larger problem.

Don’t vax your kids. Stall for time. Ignore the wife’s temper tantrums. She might not be around much longer anyway.
76   B.A.C.A.H.   2022 Mar 7, 11:15am  

porkchopexpress says
What would you guys do?

Nashville sounds like a good choice for a Californian who wants to leave.

If you did not live in Nashville before California, how about renting in that area for a while, like at least a year or two, in the beginning of your relocation to assimilate yourselves into local knowledge, get accustomed to the region, different communities, neighborhoods and schools, instead of parachuting in from California without the benefit of your boots on the ground perspective?
77   zzyzzx   2022 Mar 7, 11:30am  

B.A.C.A.H. says
If you did not live in Nashville before California, how about renting in that area for a while, like at least a year or two, in the beginning of your relocation to assimilate yourselves into local knowledge, get accustomed to the region, different communities, neighborhoods and schools, instead of parachuting in from California without the benefit of your boots on the ground perspective?


Generally speaking a good idea, but with the eviction moratorium available apartments are scarce a well.
Plus after living in a house it's difficult to go to an apartment, even if it's the smart thing to do (would need storage for all the "house" stuff in the new place a well).
78   zzyzzx   2022 Mar 7, 11:31am  

Shaman says
But my philosophy with these mandates has always been to stall for time. The more time that goes by, the more likely it is that the mandates:
1)will be declared illegal by a judge
2)will be dropped as an adherence to Narrative 2.0 and the Democrats wanting to win future elections
3)will cease as people recoil in HORROR to the increasingly bad prognosis of the vaxxed.


Already worked for federal workers.
79   GNL   2022 Mar 7, 11:39am  

zzyzzx says
Shaman says
But my philosophy with these mandates has always been to stall for time. The more time that goes by, the more likely it is that the mandates:
1)will be declared illegal by a judge
2)will be dropped as an adherence to Narrative 2.0 and the Democrats wanting to win future elections
3)will cease as people recoil in HORROR to the increasingly bad prognosis of the vaxxed.


Already worked for federal workers.

There is no mandate for federal workers any more?
80   Eric Holder   2022 Mar 7, 11:50am  

WineHorror1 says
zzyzzx says
Shaman says
But my philosophy with these mandates has always been to stall for time. The more time that goes by, the more likely it is that the mandates:
1)will be declared illegal by a judge
2)will be dropped as an adherence to Narrative 2.0 and the Democrats wanting to win future elections
3)will cease as people recoil in HORROR to the increasingly bad prognosis of the vaxxed.


Already worked for federal workers.

There is no mandate for federal workers any more?


GOOOOD MOOOOOORNING!
81   GreaterNYCDude   2022 Mar 7, 12:05pm  

porkchopexpress says
RWSGFY says
File for a religious exemption. I think it's the best path forward.
I've thought about that. I did it for my new job and avoided the jab, but I'm not sure how CA schools would take an exemption, but it's definitely an option.

Are private schools also subject to this new requirement? Or is it only the public schools?
82   NuttBoxer   2022 Mar 7, 12:11pm  

As was already stated, their all "subject". But as I've mentioned, enforcement is more up in the air than people assume, at least at my school.
83   porkchopXpress   2022 Mar 7, 12:21pm  

WookieMan says
TL:DR - Don't handcuff yourself with an expensive house. Make your own fun and friends and the action will happen.
It's good advice, thank you. When I say we don't prefer rural, it means having convenient access to amenities like a nice gym (for me), bars and live music (for my wife and I), music community for my kids, and a good selection of shopping including higher end grocery items.

I realize we can't have it all, but it's always trying to prioritize what's most important and then making trade-offs. One thing I do know is we don't want to drive 20 minutes or more to the things I mentioned above...we'd rather take a worse house to have more convenience and access to amenities (within reason).

I understand the "Cheers" feeling because we have that here in our current community, and it's a smallish town outside of San Diego. So, you're completely right that all it takes is frequenting some of the same local places, investing the time meeting people there, and boom...you have a network of friends and things to do. We hope to follow that same formula no matter where we end up.
84   porkchopXpress   2022 Mar 7, 12:22pm  

GreaterNYCDude says
Are private schools also subject to this new requirement? Or is it only the public schools?
I've heard it's supposed to apply to private schools as well, but who knows what kind of court battles will ensue this Fall when the rubber hits the road. Problem is, I can't wait and find out the outcome because then we're stuck with it...it's hard to just up and move in a month's time since I'll be stuck in a lease, etc.
85   porkchopXpress   2022 Mar 7, 12:25pm  

B.A.C.A.H. says
porkchopexpress says
What would you guys do?

Nashville sounds like a good choice for a Californian who wants to leave.

If you did not live in Nashville before California, how about renting in that area for a while, like at least a year or two, in the beginning of your relocation to assimilate yourselves into local knowledge, get accustomed to the region, different communities, neighborhoods and schools, instead of parachuting in from California without the benefit of your boots on the ground perspective?
I 1000000% agree with renting, but my wife is so fucking adamant against it because we've only rented since we've been married. She's so tired of renting and thinks we'll continue to get priced out as time goes by and it will only get worse. Of course I've been telling her that there's likely to be a crash at some point, but it just hasn't happened so she thinks it'll never happen. Plus, this area of Nashville is crazy hot with people leaving blue states and moving in, so maybe she's right and it won't really drop that much or at all. It's all a gamble to a point.

Having said all that, I may end up dropping the hammer and requiring we rent a place and just deal with her tantrum. At the end of the day, I make the money and she lives in her bubble world as a housewife and mother.
86   NuttBoxer   2022 Mar 7, 12:27pm  

porkchopexpress says
I've heard it's supposed to apply to private schools as well, but who knows what kind of court battles will ensue this Fall when the rubber hits the road. Problem is, I can't wait and find out the outcome because then we're stuck with it...it's hard to just up and move in a month's time since I'll be stuck in a lease, etc.


I'd say to wait as long as you can before pulling the trigger. Sounds like you have an out to the shot, though not your ideal one. But overpaying for a house is still better than potential life-long health issues for your kids right?
87   porkchopXpress   2022 Mar 7, 12:27pm  

Shaman says
Don’t vax your kids. Stall for time. Ignore the wife’s temper tantrums. She might not be around much longer anyway.
Great post and great advice. Thanks.
88   porkchopXpress   2022 Mar 7, 12:30pm  

NuttBoxer says
porkchopexpress says
I've heard it's supposed to apply to private schools as well, but who knows what kind of court battles will ensue this Fall when the rubber hits the road. Problem is, I can't wait and find out the outcome because then we're stuck with it...it's hard to just up and move in a month's time since I'll be stuck in a lease, etc.


I'd say to wait as long as you can before pulling the trigger. Sounds like you have an out to the shot, though not your ideal one. But overpaying for a house is still better than potential life-long health issues for your kids right?
Exactly. I can control the situation of leaving CA this Summer when our lease comes up and just bail. If I renew because we can't find a place, I'm rolling the dice that I can get my kids out of the shot somehow. Is there a good chance of that? Sure...but this state is turning into a Left-wing tyrannical nightmare, so I don't discount what they're capable of and I don't want to sit around and see.
89   RedStar   2022 Mar 7, 12:33pm  

I"m in a pretty similar situation as the OP. The wife just refuses to admit reality and is clinging to some hope that the gene therapy shots wont be enforced. My kids are still in elementary and no way in hell will they be getting them, so homeschooling them would be the only option, but I work 60 hours a week and don't have the time or mental energy to home school. Wife recently started working after we put them in private school. We bought a small house in Idaho already, that we are renting out right now because she refuses to leave her stupid social circle and immediate family. If we sold and got out she would never have to work again but that doesn't sway her.
90   RedStar   2022 Mar 7, 12:35pm  

porkchopexpress says
B.A.C.A.H. says
porkchopexpress says
What would you guys do?

Nashville sounds like a good choice for a Californian who wants to leave.

If you did not live in Nashville before California, how about renting in that area for a while, like at least a year or two, in the beginning of your relocation to assimilate yourselves into local knowledge, get accustomed to the region, different communities, neighborhoods and schools, instead of parachuting in from California without the benefit of your boots on the ground perspective?
I 1000000% agree with renting, but my wife is so fucking adamant against it because we've only rented since we've been married. She's so tired of renting and thinks we'll continue to get priced out as time goes by and it will only get worse. Of course I've been telling her that there's likely to be a crash at some point, ...


Id try to hold out and rent for another year or so until the economy really takes a shit in and maybe prices drop. But its the Californian exodus that is creating the inflated prices in these select states, and I'm not sure that will stop even if the economy crashes.
91   RedStar   2022 Mar 7, 12:36pm  

GreaterNYCDude says
porkchopexpress says
RWSGFY says
File for a religious exemption. I think it's the best path forward.
I've thought about that. I did it for my new job and avoided the jab, but I'm not sure how CA schools would take an exemption, but it's definitely an option.

Are private schools also subject to this new requirement? Or is it only the public schools?


Private schools are also subject to and may in fact be more demanding to avoid trouble with the government.
92   SunnyvaleCA   2022 Mar 7, 12:46pm  

Renting as part of escaping California…

If Socal is anything like silicon valley, the monthly rent payment doesn't seem so painful because it's likely only 1/2 of what the mortgage payment would be if you bought now. My cursory research reveals that "cheap rent" is not likely in other parts of the country. Since you can't change the past (benefits of owning when the prices are zooming) you should frame your plans using expectations of the future, not reality of the past.

If you jettison many of your household possessions (furniture and a bunch of stuff accumulated over the years), the move will be easier. The second move will be easier still because of less stuff, things still in boxes, and a local move.

Although a high school might be very highly rated, it might not be great for your kids. Specific school programs, the friends they make, and the vibe of a school are more important than the school's reputation or goal-seeking on arbitrary benchmarks. In today's woke college admissions, going to a highly-rated school means your kids will be penalized in the college admissions process.

Given the Zillow search you specified above, it looks like Brentwood is a "fortress" area, as we call it in the Bay Area. These are places where there are lifelong owners who paid off the mortgage decades ago and won't move until it's feet-first in an ambulance. Others are dual-income professional couples who just bought and will hold on tenaciously. A third category is the already wealthy who can easily afford to stay in a downturn. In addition to not being forced out by a crash, the 2nd and 3rd category will actively buy is the prices dip by even 20%. The last category will buy with cash if interest rates go year 1980 on us.
93   B.A.C.A.H.   2022 Mar 7, 12:47pm  

zzyzzx says
with the eviction moratorium available apartments are scarce a well.
Plus after living in a house it's difficult to go to an apartment


I did not suggest renting an apartment.

A big city area like Nashville will have some SFH for rent. And I betcha, no matter how expensive, less expensive than a comparable rental SFH in San Diego.
94   porkchopXpress   2022 Mar 7, 12:54pm  

RedStar says
I"m in a pretty similar situation as the OP. The wife just refuses to admit reality and is clinging to some hope that the gene therapy shots wont be enforced. My kids are still in elementary and no way in hell will they be getting them, so homeschooling them would be the only option, but I work 60 hours a week and don't have the time or mental energy to home school. Wife recently started working after we put them in private school. We bought a small house in Idaho already, that we are renting out right now because she refuses to leave her stupid social circle and immediate family. If we sold and got out she would never have to work again but that doesn't sway her.
Thanks for sharing. I hate being in this situation with the fucking vaccine mandate. It used to be we just had to deal with rental leases, purchase agreements, leaving family and friends, etc. Now add medical tyranny to the list.
95   porkchopXpress   2022 Mar 7, 12:55pm  

RedStar says
Id try to hold out and rent for another year or so until the economy really takes a shit in and maybe prices drop. But its the Californian exodus that is creating the inflated prices in these select states, and I'm not sure that will stop even if the economy crashes.
Exactly! People have to flock somewhere and there's a lot of rich people who want such a small, desirable place to live. Fucking sucks that we couldn't have moved there 5 years ago. Oh well.
96   GNL   2022 Mar 7, 12:55pm  

Eric Holder says
WineHorror1 says
zzyzzx says
Shaman says
But my philosophy with these mandates has always been to stall for time. The more time that goes by, the more likely it is that the mandates:
1)will be declared illegal by a judge
2)will be dropped as an adherence to Narrative 2.0 and the Democrats wanting to win future elections
3)will cease as people recoil in HORROR to the increasingly bad prognosis of the vaxxed.


Already worked for federal workers.

There is no mandate for federal workers any more?


GOOOOD MOOOOOORNING!

Ok, was that some kind of instigation? This was the first I heard of it. I heard that the Postal service was exempt and the white house staff etc. but not a blanket end of mandates for the entire federal government.
97   porkchopXpress   2022 Mar 7, 12:59pm  

SunnyvaleCA says
Although a high school might be very highly rated, it might not be great for your kids. Specific school programs, the friends they make, and the vibe of a school are more important than the school's reputation or goal-seeking on arbitrary benchmarks. In today's woke college admissions, going to a highly-rated school means your kids will be penalized in the college admissions process.
We're not picking this high school simply because of its rating, but because of its strong music programs which both of my sons are HUGE into. It's their social circle.

SunnyvaleCA says
Given the Zillow search you specified above, it looks like Brentwood is a "fortress" area, as we call it in the Bay Area. These are places where there are lifelong owners who paid off the mortgage decades ago and won't move until it's feet-first in an ambulance. Others are dual-income professional couples who just bought and will hold on tenaciously. A third category is the already wealthy who can easily afford to stay in a downturn. In addition to not being forced out by a crash, the 2nd and 3rd category will actively buy is the prices dip by even 20%. The last category will buy with cash if interest rates go year 1980 on us.
I know. This is a reason why my wife thinks we should just buy something in that area and hold on for dear life, which does make sense. I just want to put a stake in the ground somewhere and not have to rent again, buy and sell again, and just live life in the place we want to be, which we believe to be this area. So, perhaps it makes sense to just bite the bullet and buy some over-priced place that we know we could stay in for 10 years.
98   RedStar   2022 Mar 7, 1:12pm  

porkchopexpress says
RedStar says
Id try to hold out and rent for another year or so until the economy really takes a shit in and maybe prices drop. But its the Californian exodus that is creating the inflated prices in these select states, and I'm not sure that will stop even if the economy crashes.
Exactly! People have to flock somewhere and there's a lot of rich people who want such a small, desirable place to live. Fucking sucks that we couldn't have moved there 5 years ago. Oh well.


Have you looked into Eastern Idaho? Its still affordable but cold. We bought in Twin Falls and the current renters are waiting for their home to be built this summer.
99   SunnyvaleCA   2022 Mar 7, 1:22pm  

Have you tried living outside California during the summer? The heat, humidity, and the never-ending swarm of insects might be worth the problems of California. In the last two years, I've vacationed (scouted) Florida in January. Weather was great! Very few bugs! My feeling is that I need to visit in June through September — I'll probably never want to go back again!
100   NuttBoxer   2022 Mar 7, 1:59pm  

SunnyvaleCA says
Have you tried living outside California during the summer? The heat, humidity, and the never-ending swarm of insects might be worth the problems of California. In the last two years, I've vacationed (scouted) Florida in January. Weather was great! Very few bugs! My feeling is that I need to visit in June through September — I'll probably never want to go back again!


The bad outweighed the good hear at least five years ago. Those of us who stay only do so because of family. After living in Phoenix, Florida never seems too hot. Their rainy season is mid-day like every day during the summer. I have family there, never noticed the bugs to be a huge issue.
101   GreaterNYCDude   2022 Mar 7, 2:03pm  

porkchopexpress says
I make the money and she lives in her bubble world as a housewife and mother.


Then wait before buying. Even if its just six to twelve months to know the lay of the land. I know a guy came out east for a job, similar situation... he was breadwinner, etc., wife started missing Cali after about six months and wanted to move back west... It happens.

Besides you've implied your kids are high school aged. 4 years +/- and schools will no longer be a major determining factor.

Good luck with this one.
102   Ceffer   2022 Mar 7, 2:06pm  

Prolly not a good idea to go the roach clusters of monied ex pat Californians that are 'popular' like Austin or Nashville. It's still a big country, and one should always explore boots on the ground with a rental before jumping into the outer space of conjecture. A live appearance in some places can be pretty sobering vs. the wishful thinking fantasy.

When we took our vacation to Washington State last spring, we traveled through a lot of open country. When you get the Bend, it's like California-Junior, suddenly rushed, crowded, jaggy, due to all the Californians that have moved there and run up the prices and downgraded the laid back culture. I was surprised at how very nice the people were outside of Bend, though, really nice. They still pump your gas for you up there.

Yeah, I felt like a rentier magnate out there, incredibly Covid depressed towns and communities everywhere along the routes, albeit magnificent and beautiful in many areas.
103   porkchopXpress   2022 Mar 7, 2:07pm  

SunnyvaleCA says
Have you tried living outside California during the summer? The heat, humidity, and the never-ending swarm of insects might be worth the problems of California. In the last two years, I've vacationed (scouted) Florida in January. Weather was great! Very few bugs! My feeling is that I need to visit in June through September — I'll probably never want to go back again!
I've lived in the PNW, East Coast and Rocky Mountain states. I've visited Atlanta, Charlotte and Orland in August before, so I know what it's like. Nashville won't be quite as bad, but still hot and humid of course but for a shorter period of time than locations farther south. I know there will be more bugs and probably allergies, but those things pale in comparison with the authoritarianism happening in CA.

Look, I love CA weather and beauty. Absolutely love it. I would never leave if not for how the Left is destroying this state and infringing on human rights. I can deal with Left wingers around me being stupid, but it severely crosses a line when they want to force unnecessary experimental shots (KNOWN TO BE HIGH RISK) into our bodies without any science or logic to back it up.
104   porkchopXpress   2022 Mar 7, 2:09pm  

RedStar says
Have you looked into Eastern Idaho? Its still affordable but cold. We bought in Twin Falls and the current renters are waiting for their home to be built this summer.
Too cold, snowy and remote. Not our jam even though I like Idaho as a state.
105   B.A.C.A.H.   2022 Mar 7, 2:09pm  

SunnyvaleCA says
Have you tried living outside California during the summer? The heat, humidity, and the never-ending swarm of insects might be worth the problems of California


porkchopexpress says
We're not picking this high school simply because of its rating, but because of its strong music programs


SunnyvaleCA says
Although a high school might be very highly rated, it might not be great for your kids. Specific school programs, the friends they make, and the vibe of a school are more important than the school's reputation or goal-seeking on arbitrary benchmarks. In today's woke college admissions, going to a highly-rated school means your kids will be penalized in the college admissions process.


Yes. Local knowledge that can only be had from local experience, will be acquired by renting for a couple of years. Such knowledge will be invaluable when it comes to a making a decision to lock-in on a long term commitment.
106   porkchopXpress   2022 Mar 7, 2:10pm  

GreaterNYCDude says
porkchopexpress says
I make the money and she lives in her bubble world as a housewife and mother.


Then wait before buying. Even if its just six to twelve months to know the lay of the land. I know a guy came out east for a job, similar situation... he was breadwinner, etc., wife started missing Cali after about six months and wanted to move back west... It happens.

Besides you've implied your kids are high school aged. 4 years +/- and schools will no longer be a major determining factor.

Good luck with this one.
Thanks. So many factors can play into someone missing Cali and wanting to move back, but the #1 reason I've heard of is family. The wife misses her family back in CA and is homesick. I don't have that problem...zero family here and we've never lived near family. The ONLY thing we'll miss is the weather.
107   porkchopXpress   2022 Mar 7, 2:12pm  

B.A.C.A.H. says
Yes. Local knowledge that can only be had from local experience, will be acquired by renting for a couple of years. Such knowledge will be invaluable when it comes to a making a decision to lock-in on a long term commitment.
Yep, can't argue with that. As another poster said, one way to ease the pain of moving into a rental and then moving again into a purchased house is to whittle down your belongings so that moving isn't such a bitch. I like that idea. Or if I could find this option, rent a furnished home.
108   Patrick   2022 Mar 7, 2:14pm  

I agree, renting for a year or two is logical.

Yes, you take the risk that prices will rise further, but also there is also the possibility that prices will fall, especially if interest rates shoot up.

I've been pretty happy renting the whole time I've had this site, and the savings from renting in CA allowed me to retire 10 years early. Though that is now under threat from inflation and the stock market. I suppose the game is never over.

I think coastal California is unusual in having rents so clearly below the cost of owning the same thing. Maybe in TN it does make more sense to buy. You have to do the calculation to get an idea:

https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?source=patrick.net
109   Zak   2022 Mar 7, 2:27pm  

porkchopexpress says
So, I'm stuck between stretching ourselves a bit to buy a $1.4M home in Nashville area,


I have about 3 options for you:

1 - Rent to own, aka lease option. "Buy" a house by leasing it, with a portion of the lease to apply to the purchase price. This may satisfy both you and your wife.. you are"buying" a house, but you aren't on the hook to pay full boat until 5 years from now (or option period to be determined). Then, if its a bad financial decision, you just walk away.

2) Buy something for less money. 1.4 million is a magic out of the air number likely based on some dream house. Choose your budget that is comfortable.. say 600k . Only look at houses in that price range, and adjust other things to achieve that factor.. i.e. location... commute distance, rural vs urban, sq ft, ... long story short pick something that you won't go broke trying to stay in for the next 10 years. Yeah we all want to be imaginary princes with unlimited money.. but you live in reality. Don'
t fuck your entire life because of being dreamy instead of practical.

3) Agree to buy, but rent while you get to know the area.. Since wifey is currently stay at home, agree that you will buy when she gets her new income and starts contributing X / month to downpayment and future mortgage. Tell her you have faith, she is a capable and wonderful woman, and that susanne researched this, and she can do it. (lol) Tell her it doesn't need to be a job working for someone else, and that she can start a work form home business also. Give her options to succeed and get what sounds good as a dream, but takes her work and effort as well as yours to get done. (There is no problem spending a bunch of money on a house if you are investing and saving, and have a big income from her new business!)
110   porkchopXpress   2022 Mar 7, 4:17pm  

Zak says
I have about 3 options for you:
Good options/ideas. I hadn't though about the lease to own option, so that's worth exploring with the benefit of walking away.

As far as the $1.4M, it wasn't some magic # but just based on what I've been seeing. Actually, $1.4M doesn't get you a "dream home" in this area anymore. Having said that, my wife is in agreement that we should stick with our original budget of $1.2M and try to find well under that if we can. If the market crashes, the more expensive homes will lose more money than the cheaper ones, so that's one way to hedge against a crash.
111   GreaterNYCDude   2022 Mar 7, 4:28pm  

Not for nothing but when I moved to the area I'm in now we rented for two years... at the time my better half lamented that we were getting "priced out" and couldn't save a down payment fast enough.

But we saved some money, learned the area, made friends, etc. All while renting in a "good" school district.

We all know what happened to the hosing market as a whole.... We ended up buying a foreclosure after the bottom fell out. Still live in the same place today.

For those of you who are long timers on this site you may recall my play by play account of what went down.

It wasn't always easy, but it was worth it.
112   RC2006   2022 Mar 7, 6:40pm  

Under normal conditions I would say renting is better when moving somewhere totally new. With that said in current crazy market if I'd had rented when moving to ID I would have gotten fucked with how hot market is, my CA equity seriously devalued by hot market and inflation.

You have some really tough decisions to make.
113   Booger   2022 Mar 7, 6:45pm  

RC2006 says
Under normal conditions I would say renting is better when moving somewhere totally new. With that said in current crazy market if I'd had rented when moving to ID I would have gotten fucked with how hot market is, my CA equity seriously devalued by hot market and inflation.

You have some really tough decisions to make.


Yeah, but the housing market has got to be pretty close to it's peak right now.
114   GNL   2022 Mar 7, 6:57pm  

Booger says
Yeah, but the housing market has got to be pretty close to it's peak right now.

You would certainly think so but, this is a time of pure craziness as far as being able to predict anything.

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