I’m currently considering two job offers. One is in a low cost of living area where I can get a 4 bedroom house for $200k and the other is in a high cost of living area where I can get a 4 bedroom house for $1.5 million. The 200k house is actually nicer in terms of property size and beauty of the house, but the more expensive house is in a nicer area. I’m on the fence as to which combo is the best for me from a “fun” standpoint. Fortunately, the salaries are balanced just such that I end up with the same take home pay when accounting for property tax, state taxes, etc. From a strictly financial standpoint, is the more expensive home actually a better option since I have the potential to earn more from the same percent appreciation?
Submitted October 22, 2018 at 08:17AM by Marinerdoc https://ift.tt/2AlItMf
