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Does this make sense

My husband and I make about $375k combined income. He purchased the 2000 sq foot end unit townhome that we live in long before I met him for $220k now worth about $460k as that is what the smaller middle unit sold for recently.

We have made renovations to this place since we got married. It’s a great property in a nice town way out in the suburbs.

Before COVID I was working in downtown Boston to get there I need to drive to the center of our town jump on a town shuttle to the local commuter rail(25 min) take the commuter rail 1 hour 15 min to North station. Switch to the orange line for 3 stops and walk about 5 min to my office. If I hit everything right my commute was 1 hour 44 min.

Coming home was a different story. I often had meetings until 5pm and by the time I left the office got to north station the next commuter rail was like 6:14 or 6:45. Then I would have to wait and I would eventually get back to the commuter rail stop around 7:30/8. The town shuttle no longer operates at that time so I would have to wait for an Uber or my husband to pick me up. I get home by 8:15/8:30. Make some food and go to bed to do this all over again.

During COVID I got a great new job doing exactly what I want to be doing and paying me very very well in the suburbs. My new company is closing their office in the suburbs which is 30 min rush hour commute for me and moving everyone to Cambridge. This will be a similar commute as I described above 90 min to 2 hours 20 min. I can’t do that again… I was miserable my QoL was shit.

I discussed selling our place in the suburbs. Husband refused to consider selling. He is seeing for us to get 2000 sq ft closer to the city we are looking at $1.3 million mortgage even with 200k down that is a 830k mortgage with a high rate. Instead he suggested we buy a smaller condo closer to the city as rent is insane on 1 br with parking anywhere near MBTA.

Looking at mortgages under 400k would take our combined monthly mortgage payments $1600+$2800 to $4600 which would cost us less than on bigger mortgage for a similar sized place closer to the city. I would live there during the week and if my current job changes I am still in a great location for jobs in my specialized industry.

Best of both worlds or dumb idea?

submitted by /u/ElsyIrish
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/17qjlzq/does_this_make_sense/
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