Apologies for shamelessly posting here for traffic but I would really appreciate some opinions.
I shall attempt to keep it brief.
I live in a country with a housing crisis, and the most expensive houses in the world according to the OECD. We currently live in a very middle class area with great schools, and a lovely community and family feel to it.
We have managed to be able to save up enough for a 10% deposit on a house in this area but we just keep being outbid on houses (due to a horrific sales process I had never heard of in the UK) and are slowly being priced out of the market here.
However, 5 minutes further up the train tracks and an additional 10 minute walk there is a suburb in which we can afford 20% deposit on a house which is twice the size of a house we can afford in the area we live now. These are also free standing houses as opposed to flats and apartments and cross-leases which are the only places we can currently afford now where we live. The houses in the cheaper area also have enormous fenced gardens and off street parking, nothing like what we can afford where we currently are.
Additionally with buying in the cheap area in 5 years or so time we would have almost paid of the whole mortgage on the cheap house and would be looking to move back to where we live now and let the cheap house out as a rental, using the equity on it as a deposit.
The issue is this, the area with the cheaper housing is supposed to be a "bad" area. It is famous for having drug problems and a heavy gang influence.
I am not so much bothered by this, as the crime rate here is so much lower than the UK that I think a "high" crime rate here is equal to about what you would find in most British cities.
What I am concerned about is that the schools in the area all have the lowest possible ratings and are mostly populated with children who speak English as a second language.
This plan however could mean that for a few years at least my child would be going to one of the worst schools in the entire region...
AIBU to consider this? Or should we keep trying to save up more and stay put where we are?
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AIBU?
To send my child to a "bad" school?
40 replies
Pixiedust2017 · 11/08/2018 07:07
OP posts:
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