Which of the following is a better option:
1. Great house in a safe gated community, in a average neighbourhood, poor rating schools for low 900s
2. Average house in great neighborhood and schools for 1.2M plus

Family Income : ~250k
1 kid, ready for school in 2023

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If you're anything like us, it's all about the kids and their opportunities in life. Money comes and goes, but you don't get many shots at the kid's education.

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I totally agree with you. kid's education is of utmost importance to us.

How much cash do you have?

Assuming you can afford either, it seems like property value most likely will appreciate for #2. I’ve personally noticed that homes in good school districts never have any issues getting the top dollar in the market.

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Planning to put down 20% but have some buffer to go slightly higher.

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