Submitted by Nickyweg t3_10hfzrc in personalfinance
Hi all.
I posted earlier today about how much house we can afford with 140k combined income.
Now, the situation becomes more complicated. I have to decide where we want to buy this house.
I work 100% remote and can live anywhere. My fiancée is an RN and can pretty much find a job anywhere.
We are a little conflicted on where to buy a house and are not sure how to approach this. We met in college (Chicago) and then moved back to my hometown (Cleveland) to try and save up for a house / pay off some student loans. By the time we’re ready to buy, I’m aiming to have 80k saved up and ready to go for a down payment.
It seems like in this area (Cleveland), you can get something decent for 300-350k whereas in the Chicagoland suburbs you’re going to be more like 350-400k. I’m happy where we are at, but we miss our friends from school. Most of the people we know here have moved away. My worry is that I’m not sure if a 350-400k house is too much for us to take on right now.
Financially, would it be a bad move to go back to a higher COL area just because we’re lonely ? We’ve been living at my childhood home since 2019 and would really love to have a place of our own. C