Daddy-Long-Legs-85 OP t1_jbbr4h1 wrote on March 7, 2023 at 10:11 PM

Reply to comment by Familiar_Ad1485 in Commenting to Boston. by Daddy-Long-Legs-85

Where I currently live I'm 2 hours from Boston so I'm trying to figure out if living in Prov is better then staying where I am. The other factor I need to consider is my mortgage will double if I move to RI. I can't afford much close to the city. Worcester and Providence seem to be the most affordable areas close to Boston. I need a house thats less then 440K which seems harder then it should be...

Mountain_Bill5743 t1_jbbzbyh wrote on March 7, 2023 at 11:07 PM

Remember, it's not just the prices, but also the interest rates. I assume you're taking that into account on the doubled mortgage comment.

If your job is moving you into Boston and expecting you to dump your home, I sincerely hope they are adjusting compensation to reflect that.

Daddy-Long-Legs-85 OP t1_jbkchks wrote on March 9, 2023 at 5:45 PM

We are getting a 10% pay bump, but thats not quite covering the massive cost of living difference. I live in western mass and have a 2,200 sqft house with a $1,400 monthly mortgage. With the increased interest rate i'm looking at $2,300-2,500 a month to get something even remotely close.

I'm 2 hours from Boston currently, trying to figure out if its better to commute from here 3 days a week since the cost of travel from RI plus increased real estate market will be so high.

Mountain_Bill5743 t1_jblr5g4 wrote on March 9, 2023 at 11:09 PM

Honestly, it just kind of sounds like they did you dirty. I would seriously reconsider making this kind of life altering decision for a company that isn't bargaining in good faith (10% lol) unless you love your job that much. No reason to upend your life and possessions for a job that might burn you going down this path.

Can this be done 100% remote from another company? (seeing its 3x now)

No reason you need to get another (worse) mortgage. If you're determined to see this through, then I'd get a rental while you assess the impact this has on your life and rent the house in MA. Besides, one in the hand better than two in the bush, and all that when it comes to finding new housing. Not only will you be paying double, but at your budget, I can almost guarantee it's going to be a huge step down from your current place in terms of location, schools, size, and probably more of a fixer upper.

Daddy-Long-Legs-85 OP t1_jbpjagh wrote on March 10, 2023 at 6:57 PM

Thanks for the advice. (speaking of doing me dirty, they laid me off once in the past but I returned a few years later) I do love my job but being an art director/graphic designer I can do my job remote, assuming I can find a remote position. The local area I'm in isn't great for my field.

I would definitely rent before buying to get a lay of the land/lifestyle.

Mountain_Bill5743 t1_jbqc35e wrote on March 10, 2023 at 10:07 PM

Wild. For what it's worth, I had a friend who was going to sell his house here to move abroad and he had a sub-1k mortgage. He was going to list it. In the end, they rented it out still making plans to leave indefinitely and after a few months, realized the plan was to come back after a year to their old house. So, my advice is always to test out the waters before making a very expensive and permanent change. Glad you're open to renting instead.