I always thought I lived in a HCL area. Home prices are high, childcare is high, gas is high, eating out is high, etc.
We are potentially moving to a LCL area and tbh I have been underwhelmed by savings. House prices are soaring because of pandemic (there are only two rentals available that would cost MORE than a mortgage) and everything else seems very minor price changes.
For example:
- monthly mortgage savings $500 (property taxes are more in new area and home insurance is more too), but you are getting more house for the same price. We’d gladly move to a less expensive house that is not as big, but that seems to not exist without having to send your kids to private school.
-babysitters: range here is $15-$20 an hour, there is $10-$15 an hour
-gas: $.50 per gallon savings
Everything else seems to be about the same: utilities cost, internet, kids activities. The only thing I’m not 100% about is food and I can’t imagine it’s more than a small difference in price.
Am I missing something? Is this how things are with the pandemic? Or is my current area just not as expensive as I thought. To be fair my current house NOW would cost about $150k more than what we bought it for, but I’m going by our own monthly costs. Also 1.5 years ago the house we are buying would be $100k cheaper. Doesn’t seem to be saving us much money.
Submitted August 12, 2021 at 08:41AM by Fit_Ad7660 https://ift.tt/3ABfdNB
