and I need a keen unobjective eye (Throbing brain?) to help me with this.
We (my wife and I) have freinds in a sweet SW Wisconsin(Cardinal, you probably know this town) town that are trying to get us to move there. We'd both love to move to the area, but the job situation for both of us is meager to day the least. But the education aspect for our child is exactly what we want to have.
Well, these freinds of ours, she works for the local hospital, and they're expanding their facility. Thing is, there's a home in the way that the hospital owns. It went up for auction, and our friends won it. For $2500. Its a 4 square home, built in 1923 that is in pretty good shape, probably 2200sq ft, nice porch, original woodwork. No major projects need to be undertaken to make it livable. Other than moving it that is. The cost of moving it comes to roughly $50,000. Cost to buy land is quite reasonable, we can get 5 acres in the country on a organic farmstead for for roughly $35,000.
My house in Minn, I can sell for easily $135k, maybe more. We owe roughly $90k on it yet, leaving us with $40-45k to spend. More than enough to get into this house.
Employment in the area for Lisa would be at the hospital. 20-24 hours a week gets her full health coverage(family included, I think). For me...its slim pickin's, especailly in the technical fields I've been trained in. GIS work is there, but all the jobs are taken already. Planning type work could probably be done on a part time basis with the city itself. I doubt there's enough work for full time. There is room for a bike shop in town(one is just starting, and my wife talked to the owner, and he welcomes a partner), and I've ALWAYS dreamt of suffering through owning my own bike shop. If I go the bike shop route though, I toss out the window the last two years of effort in grad school, and that doesn't rest easy on me.
What would YOU do? A great chance at a cheap house, in a great place, among dear freinds, and good education for the kid, or follow a career path that one has been training (not mention paying) for the last two years?
TIA folks!
We (my wife and I) have freinds in a sweet SW Wisconsin(Cardinal, you probably know this town) town that are trying to get us to move there. We'd both love to move to the area, but the job situation for both of us is meager to day the least. But the education aspect for our child is exactly what we want to have.
Well, these freinds of ours, she works for the local hospital, and they're expanding their facility. Thing is, there's a home in the way that the hospital owns. It went up for auction, and our friends won it. For $2500. Its a 4 square home, built in 1923 that is in pretty good shape, probably 2200sq ft, nice porch, original woodwork. No major projects need to be undertaken to make it livable. Other than moving it that is. The cost of moving it comes to roughly $50,000. Cost to buy land is quite reasonable, we can get 5 acres in the country on a organic farmstead for for roughly $35,000.
My house in Minn, I can sell for easily $135k, maybe more. We owe roughly $90k on it yet, leaving us with $40-45k to spend. More than enough to get into this house.
Employment in the area for Lisa would be at the hospital. 20-24 hours a week gets her full health coverage(family included, I think). For me...its slim pickin's, especailly in the technical fields I've been trained in. GIS work is there, but all the jobs are taken already. Planning type work could probably be done on a part time basis with the city itself. I doubt there's enough work for full time. There is room for a bike shop in town(one is just starting, and my wife talked to the owner, and he welcomes a partner), and I've ALWAYS dreamt of suffering through owning my own bike shop. If I go the bike shop route though, I toss out the window the last two years of effort in grad school, and that doesn't rest easy on me.
What would YOU do? A great chance at a cheap house, in a great place, among dear freinds, and good education for the kid, or follow a career path that one has been training (not mention paying) for the last two years?
TIA folks!