Would you move over $600 a month
I'm feeling really emotional about this so please be kind.
My husband and I put the house on the market a few months ago before the Iran fiasco, inflation, and interest rates doing crazy things.
From the beginning I felt very conflicted about selling but my husband wants to lower our cost of living. He has really bad financial anxiety to the point where he struggles to treat himself or spend money on things that we need even if we have it in the bank.
We are selling a home that's in a rural area, the right size for our family, has a new kitchen, carpet paint, large detached garage on 1 acre in the western mountains. It needs a deck, exterior work, and 2 bathrooms. We can do 90% of the work ourselves.
The idea is to move too a suburb in the city that has better access to homeschool/extra curricular activities and a lower mortgage. After running all of the cost of living numbers yesterday if we are able to sell for the right price and buy at our target price we will be saving maybe $600 a month.
Living in the mountains was our dream, uprooting our family, moving to a suburb to maybe save $7,000 a year doesn't seem worth it.
I have a negative visceral reaction every time we get any sort of interest in a house, , and my stress level is through the roof just at the thought of moving even though on paper it's a marginally better financial decision.
I've built a beautiful community up here for myself and the kids, my spouse hasn't because he traveled for work quite a bit the past 2 years. We lack amenities up here because it's rural but the people are amazing and the peace and quiet, plus slower pace of life has been really good for our mental health.
What would you do? What sort of factors am I missing in this equation?