3 ms·
Sure. If you're being rational, it would possibly make sense to buy a 2 bedroom house or even a 3 bedroom if you think you might need an extra room for a kid pl
by tidepod12 6y ago
Sure. If you're being rational, it would possibly make sense to buy a 2 bedroom house or even a 3 bedroom if you think you might need an extra room for a kid plus a home office.
But it's not as rational to insist that you need 4 bedroom house with a three car garage inside a top school district when you aren't even married/pregnant yet. Yes, life can change fast, but paying a premium mortgage for a top school district that you won't even use for 6 years minimum (if you suddenly got pregnant today) and an extra bedroom that is going to go unused for at least several years (second pregnancy, perhaps)? I can't see how that's rational.
- nrmitchi 6y agoWith real estate prices in some of those areas going up %10+ per year, and the 6-8% transaction cost of selling a property, buying something that you may not need for 10 years starts seeming more rational. It's a risk, because things change, but if you know you're going to be somewhere long-term, it's a rational decision in a irrational game.
- watwut 6y agoIt might end up cheaper overall then buying twice or renting and moving. Especially with prices rising every year. If you know you want kids one day and want to live in that area and paying that mortage still leaves you enough money to live, it easily ends up better deal.