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Does it make sense to live in the country and save money on mortgage just to spend it on gas?  

post #1 of 29
Thread Starter 
My mom is pushing for us to move to her little town. While we would save a ton on rent/mortgage, we could buy a house for $50-75K, we would be at least a 20 minute highway drive from any work that dh would get.

We homeschool and so we would be that far from activities other than playing in the yard and the tiny town library.

Do you think it would make financial sense?
post #2 of 29
We moved out to the country (45 minutes from dh's work) 4 years ago and have never looked back. We homeschool, also, and I just posted our lovely plans for the day in the rural homeschoolers thread.

When we moved, it was before gas prices started increasing so much, but we'd decided that I would not be running the roads anyway. Our life is so nice and quiet and much more simple and less stressful now. There are no other homeschoolers near us, but that too is ok. There are kids to play w/, and once a month we all go do something neat in the metroplex.

For us, there was never a better choice to be made. We are happy, and while it is expensive to drive, it's well worth it!
post #3 of 29
we moved out of the country because of the emotional toll of me being gone for 2 extra hours, and me being exhausted from the commute when I got home but the kids and wife still needing me to be on my A game.

We live in (rent) a house 1/3 as big now for more money, 3 miles from work (and many other work options), walking distance from everything else. It changed our lives.
post #4 of 29
Well it depends on the town. If the nearest work really is 20 min away than the rent would have to be pretty cheep to make it worth it. Especially when you consider gas is going to keep going up. Have you explored all the work options there? Could one of you work from home?

We did move to a small rural town. My dh's work is about 10min from our house. It's close enough that he can ride his bike if he leaves early enough in the morning. Our mortgage is less than half what my brother is paying for his place in the city and we have a bigger yard. I can walk to the grocery store, the bank, the post office, the library, friend's houses and most other places I want to go. Dh is making a little less here but we are putting more into savings and have no debt other than our mortgage. I also have the space to grow a garden that really contributes to our food.

I'm happy with the situation.
post #5 of 29
To me, it doesn't. Because gas is going to continue to get more and more expensive.

My husband and I are moving to San Diego (and I know this is very different since you're talking about the country, but still) and there are a few towns outside of SD we could live for a lot cheaper. But we compared the cost of gas and realized it would be stupid for us to live out of the city just to save a few hundred a month when we would spend it all in gas anyway.

You say your mom is wanting you to move to a little town, how little is it? Would you be happy there? What if you and the kids wanted to do field trips of sorts? Would you be able to as easily?

Think about the kinds of shopping you do. Do you go to specialty grocery stores for organics? Would that cost more to get to and from?

Think of all the angles and then weigh your choices. Just keep in mind that prices are going to continue to rise. While you may be able to afford it now, could you afford it if gas is $1 or $2 more a gallon?
post #6 of 29
We live on two acres in the 'country' but it's really not far from town. I just did a hsing camp at my place, and having all the space for it is great.
post #7 of 29
I think its cheaper for us. We live about 5 minutes from my work. But living in the country allows us to have a large garden, raise lots of animals and just have some room. So its completely worth it to us.
post #8 of 29
Well, if you're talking about financial sense, you can simply run the numbers.

But most people would fit in a lot of other factors too--- time with family, location, amount of space, etc...

So, even with the same financial numbers two families could make drastically different decisions and both be "right."
post #9 of 29
Thread Starter 
I would love if he could get a telecommuting job and will certainly try! I have no idea what job he might end up with if we lived there.

He has experience in tech and computers. I don't imagine there would be any work in the small town 1,500 or so people but the large city nearby would have lots of options.

The town has a few small restaurants (mostly gross), a small grocery store so we would be doing bulk membership store shopping and I'd probably open an account with Frontier and Azurer Standard, there is a post office, bank, retirement home (that I might possibly pursue a job at when baby is bigger), 2 tiny convenience stores, etc.

Its small and not a lot to for kids except outside play and a small library. It would probably be enough for younger kids if we had weekly or every other week play dates with other homeschoolers.
post #10 of 29
I think for me, the biggest factor is that with a long commute, you are burning a lot more fossil fuels. The other things people mention matter, too. But for me, it would be the waste of fuel.
post #11 of 29
You are focused on the 'fuel' cost. But dont forget more driving means more car maintence, oil changes, brakes, tires, etc. Plus all that driving adds up in miles on the car meaning it may need to be replaced sooner then if you lived 'in town'

The country generally does not have public transportation, etc.

So while 'rent' may be less expensive and you may be closer to family, the costs will most likely increase
post #12 of 29
Do the numbers. Financially, it probably does make sense. Whether or not you want to actually do it might be different.
post #13 of 29
One thing about the commute to work.... Some people may find that the commute is tiring, but my dh finds it nice because by the time he is home, work stuff is left at work, and he is able to focus on us. When we lived 10 minutes from his work, his commute involved much more intense traffic, and would make him frantic and angry on the way home. Just something to think about...
post #14 of 29
Quote:
Originally Posted by 1growingsprout View Post
You are focused on the 'fuel' cost. But dont forget more driving means more car maintence, oil changes, brakes, tires, etc. Plus all that driving adds up in miles on the car meaning it may need to be replaced sooner then if you lived 'in town'
That really depends on the size of the city you'd be living in otherwise--in general, highway miles are much easier on the car, you use the brakes a whole lot less, and many cars have different maintenance schedules if you're primarily driving on the highway.
post #15 of 29
OP--as far as the time factor, that depends on where you're living now, too, and how long it takes you to get places. Being three miles from something in a big city can take 15-20 minutes or more to get there, whereas three miles from something in a small town might take 6-7 minutes. So distance from places you want to go might not be as important as the total time it takes to get there.
post #16 of 29
That's what we do. We don't have a mortgage but I do spend about $200+ a month on gas. We were renting in the city for $350.
post #17 of 29
Four years ago, DP and I moved out to a little country city. At the time, the 50 mile commute to his job (an easy drive, because it's pretty much all traffic-less highway driving through the countryside) was still worth it because our rent was so cheap. We couldn't even afford to live near his work -- and I mean, at all! -- because the cost of living there is so bloated, and our incomes could not keep pace with it. I was able to finish up my Associates Degree for pretty cheap while living out here, which was another reason for our move. There just weren't any educational options near his work that weren't expensive, private colleges/universities. I even found a full time job while living out here where I only had to walk a few steps to get to work. And because we live in an apartment in the downtown of our little city, we have a grocery store, library, post office, hardware store, a couple restaurants, etc. all within a couple blocks' walk.

But we can't live here anymore. The cost of gas has more than doubled since we moved here, and there are absolutely no public transportation options. I lost my job that was so close by because one of the partners is quasi-retired and they just don't have the work flow to justify my position any longer. And any job I could find out here at this point would require some driving, and the pay probably wouldn't cover the gas and the expense of hiring someone to walk our dog during the day. I considered trying to find something near DP's work so we could commute in together, but DP's hours are really unpredictable, and if he had to stay late (which can be until 7, 8, 9 o'clock) I would be stuck at my workplace and there would be no one to take care of our dog and that is too long of a wait for him. And there are no jobs out here for DP. None.

So it just doesn't make sense for us to live out here anymore. We can't afford it. Fortunately, a friend of ours has a house he is sitting on until the housing market improves, and his tenant is moving out. The house is only 15 miles from DP's workplace, and there are numerous, numerous job opportunities there for me, and various kinds of public transportation and carpooling options. We are so lucky in that we are getting a deal, because the rent is going to be way cheaper than what we would normally pay. Our friend doesn't want to put any more money into the property than necessary, because the intent down the road is to sell it for the large lot that it sits on, so the house itself will probably be torn down. So we get a reduced rent in exchange for having a "super" that will take care of only the bare minimum to keep the house functional and safe. If there are extras that we want (and we can pretty much do whatever we want to the property) we have to pay for it ourselves. And our pets are not a problem, which is wonderful!

But if this opportunity didn't drop in our laps, there would have been only a couple other options for us. One would have been for us to move in with our in-laws, which is an offer that they made. They live 50+ miles in the other direction from DP's work. And the commute for DP would be hellish because the traffic is so terrible, and there aren't really viable public trans options that way either. So in that scenario, he could easily be gone from 5:30a.m. until 8:00p.m., and that is just unacceptable to us, at least over more than the very short-term. It would have forced DP to leave his very stable niche job, where he cannot be easily replaced, to find a new position, which is such a big risk during a recession. My hair is standing on end just thinking about it.

The other option would have been to find an apartment as close to DP's work as possible, and look for a job for myself very nearby so we could both bike or walk, and hope that we could afford the rent and that we could keep our pets. Giving up our pets is the very last resort, and we would pretty much do everything to avoid it. These are a lot of variables that need to intersect to make this option tenable, so I'm glad we don't have to go through the process of trying to find it for at least a couple years.

I'm sad to leave our little community and also disappointed that I ran out of time and couldn't finish my bachelor's degree while living out here. But there are so many pluses to living closer to DP's work that I am really, really excited about it. We actually will have a yard for the first time and I will get to plant a garden. We will have easy access to stores that offer organic products and produce, if we want them. Over the summer months, we will be in close proximity to multiple farmer's markets. We will live less than an hour's drive (instead of 2+ hours) from our family and friends still living where we grew up. Because we'll have the yard, my dog can spend most of his time off leash for the first time in his life, and I will have the room to train him in agility, which he will love. There is a space near the back of the house that, if we properly contain it, our cats could enjoy the outdoors for the first time since we rescued them from their early street life. And we will live in a much more diverse community, where we won't feel odd for not being white Christian Republicans.

Sorry, I didn't meant to carry on and on. But, I just wanted to share that based on my experience, moving further away from stable employment right now is a scary idea, at least to me. The cost of gas and all other goods is only going to go up, and employment opportunities will probably go down. And, in some areas, like in the rural area where we are now, decent-paying jobs are really hard to come by.

But I know every family is different. I wish you the best of luck in your decision.
post #18 of 29
Are you renting right now, or do you own a house?

It's almost always better, in the long run, to build equity in a house (if you can) rather than watch your money disappear into rent and never see any return from it again.

We have to commute from the country to work, and the gas prices are freaking us out, but the benefits of home ownership, not to mention the space, peace and quiet, veggie gardens etc. etc. are just making us tighten our belts rather than move. It would seriously take a LOT to make us even CONSIDER moving.
post #19 of 29
When you buy a house, especially in this market, you've got to be planning for the long haul and knowing that you're likely to be there a while. So while you're doing the math, you've got to think about other situations.

Is it going to make financial sense when gas is $5 per gallon? If it gets to $7? $10? At what point would it be not financially viable for your DH to continue working because of commute costs?

Also, is there ANYTHING within walking or biking distance? It may make a lot more sense to buy a house in a small town with a grocery store, diner, coffee shop, library and post office that you could walk/bike to than it would to buy something that was really in the boonies, because you're going to have to figure in your driving (at $5/$7/$10 a gallon) too.

Also, you've kind of got to do the math carefully, because once the house is bought it's hard to change your mind without a lot of trouble, you know?
post #20 of 29
I forgot to mention that the land we have (we have a 4 bdr, 4 bath home on 5 acres and we pay $1313/mo) enables us to save in other areas. We garden and have meat rabbits, chickens, and guinea fowl.
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