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HokieHutch

Joined: 12/28/1999 Posts: 5351
Likes: 1430


Debate with wife ... house downgrade or not?


Here is the story ... got a great deal on a house in downturn. Enough equity to buy a new house, with no debt (current mortgage is about $300k). Pro's and cons as I see them:
New benefits:
- Similar size (going from 5 to 4 bathrooms, 5500 sq ft to 4200)
- New construction
- Community pool and gym
- More kids in new neighborhood
- Same school districts

Old benefits:
- No hassle and dream home (we host all holidays as it is an amazing home)
- Larger lot (would go from 1.1 acre to .4 range)
- Love one neighbor (best friends with whole family)
- Go from 3 car garage to 2 car garage

New house is 5 min down the road. No debt. Less bills and insurance. More playmates for kids. Same friend groups possible due to distance. Community infrastructure vs big lot neighborhood with no infrastructure.

Wife not interested in even looking. I get not moving, but to not look ... what am I missing? Off base here?

Not meant as a humble brag ... just getting opinions

Posted: 12/11/2018 at 10:39AM



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Current Thread:
 
  
Debate with wife ... house downgrade or not? -- HokieHutch 12/11/2018 10:39AM
  You are making a big mistake -- MrBayAreaHokie 12/11/2018 3:11PM
  Sell it all - get a van ** -- bigbadbird 12/11/2018 2:33PM
  $2,300-$2,400k depending on property taxes each year -- HokieHutch 12/11/2018 3:22PM
  Don't move unless you need the $$ to fund college. -- GFallsFan 12/11/2018 11:34AM
  Don't ask don't tell ** -- bigbadbird 12/11/2018 11:32AM
  I'm with you on this one. ** -- reestuart 12/11/2018 11:29AM
  A couple questions pop up -- Nova Hokie 95 12/11/2018 11:08AM
  Answers -- HokieHutch 12/11/2018 11:21AM
  Who is Wayne and why is he coating your house? -- GFallsFan 12/11/2018 11:40AM
  Except part of the push for moving, as I read it ... -- Nova Hokie 95 12/11/2018 11:35AM
  Ahhh, okay -- I get it now -- Nova Hokie 95 12/11/2018 11:43AM
  Win-win! ** -- reestuart 12/11/2018 12:02PM
  Correct ** -- HokieHutch 12/11/2018 11:32AM
  Nice! ** -- reestuart 12/11/2018 11:35AM
  Explain to her that part of the pro of moving and having -- HokieSignGuy 12/11/2018 10:52AM
  How old are your kids? -- Dan1993 12/11/2018 10:46AM
  8 yr old daughter. 12 and 15 yr old sons. -- HokieHutch 12/11/2018 10:51AM
  Cheaper to keep her. ** -- vt90 12/11/2018 10:47AM
  Preach it lol ** -- HokieHutch 12/11/2018 11:25AM
  I'm staying out of this..... ** -- DonHo-kieHi 12/11/2018 1:01PM

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