14562 days ago
For the past few years, my wife and I have been mired in uncertainty when it comes to where we are going to live. Kind of like a prison for the mind, we have our own ideas on how we see our lives playing out, therefore we have put on this self imposed problem on ourselves, we even included a deadline. We wanted to be at our final destination by the time my oldest child turned 5. Well, he is 5 months from his 5th birthday.
Originally we wanted to leave California because of the taxes, but then after weighing our family connections and ease of lifestyle, we decided that wasn’t a very good reason. Once we were mortgage free, it then became a choice, a life religion of becoming and staying debt free. So when we think about our dream home, with that goes buying a house we can write a check for.
Looking at how we value our money, it just doesn’t work for us the same way it does for everyone else we know. Most people look at a $500,000 house and see a $3,000 monthly mortgage payment for the next 3 decades, we see $500,000. Looking at it this way has made us very aware of how far our dollars can go outside of our home state.
We looked for homes in Washington, too cold, Nevada, total desert, Texas, wow talk about value! Like a green lush rain forest…Houston, maybe too crowded, San Antonio was nice, but then we went to Austin. Austin seemed like the perfect fit, a bastion for entrepreneurs and free thinkers. The best part, for $350,000 you can have your very own dream home by the lake.
Of course then the uncertainty kicks in, what about the weather…The cost to travel to and from California…And of course is this what we really want? Or should we just go find a nice home by the beach in California, perhaps rent, or maybe by the beach in Florida and own…
The costs, the taxes, the family, our friends, the realtors, it’s all just a bit overwhelming.
Worst case scenario is that we move back to California, which isn’t that bad of a worst case scenario. Sure it will cost tens of thousands to do that kind of round trip, but hey, you only have one life to live, so you might as well be happy.
My wife and I have this old fashion vision of us raising our children in 1 home, the family home. Traveling around the world, experiencing life together, and then always returning home, a sort of safe haven for us all. I see a large acre ranch style home, or perhaps a small home by the beach. My wife, she sees us in a nice suburban home close to a lake and shopping destinations like Costco. (Major inside joke on this one: My wife had me turn down the ultimate dream home near Lake Travis because it was 30 minutes from a Costco, not sure if I’ll ever get over that one. My only hope is that when we move to Texas we drive by that home and hate it!)
This difference of opinion on what our house should look like only adds to our uncertainty. I wish I could tell you that I figured out a way to end the uncertainty in your own life, but I honestly don’t have an answer.
For us, despite birth control, my wife got pregnant last year and now we are a family of 5 living in a three bedroom house. It’s crowded here, the toys alone need their own bedroom when you have 3 kids. I’ve never disclosed this before, but I am addicted to buying them toys, I think I enjoy it more than they do. Needless to say, we have a lot of toys, and just the normal stuff families acquire. We are to the point where we need to move.
Financially, I am way too comfortable. In order to grow, you need a little discomfort in your life, and as long as I’m here, I’m like a restless warrior. We virtually have no bills, I even have solar for my electricity, so all the money is going to food, investing, and my addiction of buying the kids toys.
It’s time to move!
Here are a few things that have helped me be more decisive as of late when it comes to the multi-year question of should we move or stay?
Try not to let uncertainty cloud your mind, I’ve probably wasted a 1,000+ hours thinking about moving, it’s actually quite depressing when you think about it. I could have written a book, expanded my business, or have just played more with the kids. Instead I’ve over thought this, probably because of the internet, reading through blogs, searching realtor.com, and searching California Vs….