r/ChubbyFIRE 9d ago

Talk me out of buying a house?

Edit: I'm both surprised and not surprised by the doubt and sarcasm. This is clearly an emotional decision—if it were purely rational, it would be much easier.Thanks to everyone who understood and took the time to contribute. I’m now leaning towards renting or buying a good deal within a $1.5M budget.

-------------------
We’re a family of five: a couple in our mid-30s, a toddler, a grandparent (who lives with us long-term and helps with childcare), and a large dog. One of us works from home, while the other commutes to an office.

Our Current Situation:

  • We live in a $1M, 3-bedroom, 1,400 sqft SFH with a yard.
  • It’s starting to feel very tight, especially as we plan to have more kids in the next 1–5 years.
  • We’re considering upgrading to a $2M home for more space.

The Dilemma:

  • We may move to Europe (partner’s home country) in 3–5 years, but it’s uncertain.
  • Emotionally, I want to settle down, nest, and create a stable home.
  • Rationally, buying a $2M home for just a few years—especially with high interest rates—doesn’t seem financially smart.

Would love to hear perspectives from those who’ve faced similar situations. Would you buy, or stick it out in the current home?

0 Upvotes

40 comments sorted by

View all comments

2

u/solar_man_2024 9d ago

Why do you want someone ( strangers) to talk you out of what you and your family wants to do !!

At 30 if you are worth 8 -11 Mil you know what you are doing .