
So, in a couple of months we will be out of Sacramento and living in a foreign land, with weird people - Utah(I heard they still practice polygamy there):) Just the thought of living away from "home" turns my stomach upsidedown. Sure I lived in Spain for two years on a mission, but now I have a family to care for/look after, and a master's program to complete - yeah, a little different. We are up for the challenge, though. Our biggest stumbling block, now, is where in Utah we ought to live. I'll be attending the U of U in Salt Lake City, so we need a place relatively close to the campus. Another of our plans is to open an in-home daycare business. This would allow us to get into a decent-size house, with a backyard and basement, and we'd be able to write-off a ton of our expenditures during tax season. However, this option opens a ton of legal mumbo-jumbo that Tami is sorting through, a commitment to a mortgage, cost of repairs, and a location at most 45 minutes away from campus. What should we do? This is what we've research thus far:
- Bountiful, Murray, Midvale, West Valley, Draper, Sandy, Taylorsville: all of these locations offer houses that would provide space for the daycare, and that are relatively close to campus.
- Salt Lake City: Student housing. Three bedroom, two baths. Pros - Inexpensive, a mile from campus. Cons - they're kind of outdated, we'd pay rent (bye-bye money), a wait list a mile long, apartment stlye living (we had a bad experience in our first apartment), no opportunity to open a daycare.
- The Condo Approach: Decent three bedroom condos, some are close to campus, some aren't, some are less in monthly payments, but not by much (so why not spend a couple hundred more and get into a house?), again, daycare possibilities would be more difficult to pursue.
As you can see we have a lot of options open to us. So, to everyone reading this blog, "What would you do? Do you buy and invest your money into a house, or rent and watch your money go to someone else's investment? Do you live in Salt Lake, or out of Salt Lake? Would you open a business, or leave in until I finish school, so as to live with less financial burden? Is everything either/or, or is there a common ground somewhere, and we just haven't found it?
Feel free to let us know what you think, and give suggestions/advice. Unitl next time...
If you're wondering: Our primary goal is for me to get through OT school (in one piece), and then ultimately to open an Occupational Therapy clinic along with a recreational gymnastics facility.