I like our little house now, but I feel like we outgrew it over a year ago. We've just been staying put to build up equity and save our money. Now is a prime time to buy too though and we're approved for a 3.5% interest rate and our current loan is 6%. The space will be a huge plus though, because ALL of our immediate family lives at least 7 hours away.
It takes us 9 1/2 hours to get to where they live, which is just outside of Front Royal. I despise the drive and hate going there at all. Once you see the sights in D.C. once, you're good for a long time. I hate being there almost as much as I hate Atlanta and they want us to move there, but we've told them we never will because neither of us like it.
They did buy a house there and houses there are expensive as hell unless you live WAYYYY out or in the projects. A house like ours(was about $140k when we bought it) runs around $300k there. Anything 2-3 bedroom is at minimum $250k and up. It's a nice place to live but VERY overpriced. Their house here was $200k and their house there cost them nearly $500k. Their current house is a lot nicer, but here you could get a house like it for half that price.
The impression is that cost of living vs compensation evens out there, but it's a crock of s***. If you're a top tier government worker like my father-in-law, you're compensated well enough for it to not effect you and that seems to be more believable. For us though, there's no way that we could afford to live comfortably there. NO WAY. Kristen makes about $45k/yr right now and I bring home about $30k/yr currently. If we moved there, she might make a little over $50k/yr and I probably wouldn't make any extra in my field. The cost of living for us would be nearly double. No thanks. Not interested. Even remotely.
We sat down and ran the numbers numerous times and there is no way living there would be feasible at all. Now, it is possible to live in Maryland and commute, which helps out some with the expense, but then you have to factor in extra fuel expense and fuel in both states is much higher than everywhere else.
All in all, we did the research about a year ago and it was in no way worth it to make the move other than just living closer to them. For the average person, it's not a great place to live and the vehicle laws there and in Maryland suck a** too.
If you can't tell, I think the place sucks...
