(Closed) Rent near amazing schools or Buy a home near decent schools?

posted 4 years ago in Home
  • poll: If I had a child entering school soon, I would...
    Rent a place in a neighborhood near amazing schools : (27 votes)
    37 %
    Buy a home in a neighborhood near decent schools : (38 votes)
    52 %
    Drive my kid all over town/to anywhere I wanted them to go (regardless of where I lived) : (8 votes)
    11 %
  • Post # 3
    Member
    4528 posts
    Honey bee
    • Wedding: April 2015

    For you now, I’d buy in the lesser district and trade up in 5+ years. If you had kids already, I’d recommend a smaller home or renting in the better school district

    Post # 5
    Member
    4528 posts
    Honey bee
    • Wedding: April 2015

    @bmo88:  fortunately, there are condos in good school districts in our area, so we could buy a 1,000 sf 2 br unit in enough time before our child would start school. It wouldn’t be our dream house and we’d move again if we were able to, but our priorities would be safety and good schools

    Post # 7
    Member
    4528 posts
    Honey bee
    • Wedding: April 2015

    @bmo88:  we won’t have pets since FH is allergic to cats and I don’t want a dog. The condos we are looking at have a no pet rule anyway. There would be no yard, just a tiny patio, so it wouldn’t be ideal, but it’s what we could afford in a safe, good area. our dream home would cost at least 100k more

    Post # 8
    Member
    4664 posts
    Honey bee
    • Wedding: August 2013

    No thanks to buying. Rake my own leaves? Shovel my own snow? Pay for my own appliance repairs? Nooooo waaaaaay… if I inherited a property maybe, but buy one and then have to do all that stuff? AND be stuck to the place and not able to just pick up and move when I felt like it?

    Rental is a clear yes for me!

    Post # 10
    Member
    12259 posts
    Sugar Beekeeper
    • Wedding: May 2013

    I would probably rent near the amazing schools if I were to suddenly inherit a 5 year old tomorrow. Mostly because elementary school is such a huge determining factor to academic success.

    But it would be SUCH a hard choice! Especially since I’m SUCH a huge proponent of buying!

    Post # 11
    Member
    134 posts
    Blushing bee
    • Wedding: December 2015

    your district could also be very different ten years from now When your future child starts school

    Post # 13
    Member
    10369 posts
    Sugar Beekeeper
    • Wedding: September 2010

    Sounds like kids are far enough away that the point is moot. in 7-10 years, a lot can change about the “decent” school district. Do you live in Denver? My SIL lives there, and there are a lot of “decent” areas that are rapidly gentrifying. I’d actually wait to buy until closer till when your kid would be in school, not buy the second you are pregnant.

    Post # 14
    Member
    5408 posts
    Bee Keeper

    If you want to buy now, I would buy in a different area and open enroll when you have kids if you need to, but things do change. It sounds like you really like your current place so it’s more about rent vs buy and not so much schools. 

    Post # 16
    Member
    7318 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    So we actually faced this choice. We have a child in school, and I chose to rent in a questionable district in order to save for a home in the best district. Having lived through both, I would now tell my younger self to go rent in the best district. Those years in the questionable district were a disservice to DS.

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