What would you do?
When Joe and I moved to the Chicago ‘burbs, we chose a place that was comfortable, affordable, and was across the street from the only people we knew in the ‘burbs. It’s been home for the last 15 months. Joe has been commuting half an hour southwest for the past 15 months. For the first four months, I commuted an hour northeast. Then I commuted an hour fifteen due south. What I’m trying to say is it’s been a central location for us. But now we’re both working in the same town, both commuting half an hour to the same street essentially. And that town? Is a bajillion times cuter than this one.
Everyone has been asking, “Why don’t you just move there?”
Well, in a nutshell, the answer is… because our lease was up the day we got married. And we weren’t going to move and get married in the same week. So we renewed the lease. And shot ourselves in the foot, duh.
We’ve been looking for deals, you know, first month free, no security deposit, etc. We can’t find ’em. We met up with a realtor today. He showed us a few places… one was too big and too expensive. One was super dumpy and sucky. One was the cutest little house in the entire world but was a bit out of our price range but had an apartment in the basement that we could rent to a friend for cheap and then split the utilities. (Who wants to live with us?)
So no deals. Which means breaking our lease and still paying a security deposit and rent in a new place. Which means a lot a lot a lot of money. Keep in mind, we paid for a hefty chunk of our wedding. We paid for our honeymoon. I work in a coffeeshop. We have a LOT of student loan debt. We aren’t really well off. In fact, we would have to take a loan (from Bank of Dad and/or from Joe’s 401K) in order to make this work.
BUT the pros include saving approximately $100-150 in gas each month, saving in taxes, sleeping in just a little later since we won’t have a half hour commute and I won’t have to leave the apartment at 5am…. Plus the town is absolutely darling, I can’t get enough of it.
So what would you do? Take a couple loans that you’ll be able to pay back in the next year? Or stay comfortably 20 miles away from work even though the living expenses would be more in the long run?
ETA: It surprises me that my first few comments were opposed to moving. I feel I need to add the following: Would YOU want to scrape your car at 4:30am in the middle of February in Chicago? Also, yes, we would be able to pay back the debt and save more by moving. Now discuss.