Quote:
Originally Posted by MonkeyMama
Or if it makes more financial sense for your spouse to try out the job and not pick up and move everyone now, etc.
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Not an option. I cannot stay behind with the kids by myself without a deadline in site. Paying two rents/mortgages (for me to stay here with kids, for husband to stay in Boston to work) does not sound very smart to me either.
Bounced this view off of husband and he says that staying in Atlanta on my salary would still involve
us moving out of our current place and renting it (as we could not afford it on my salary only). If we lose the tenant in this situation, we would be in an even less enviable position trying to take the hit, than if we are in Boston.
We have to move for a job and the only way to do this is to rent out our townhouse. Selling is not an option as we would lose quite a bit on it right now.
According to husband, what we are doing is NOT a choice, it is an imperative - and the risk must be assumed, whether we like it or not. If we were to lose the tenant, whether we rent for 2200, or for slightly less in MA, we would still have a nasty problem in our hands.
So far no one in our townhouse has had any problems finding tenants or losing tenants. We hope that it will be the same for us until we sell the darn thing, maybe in a couple of years.