I am newly separated and currently renting a place I was going to buy but it turns out the proceeds from the sale of our previous home have not left me with enough to afford the mortgage I need with all the extras on top.
It's a bit gutting. I've got a rental agreement for 6 months which I'm tied into if I don't buy. It's a rough area but all I can afford in this part of the world. I have 2 preschool children and want them to have security and consistency and I don't have much social life but I'm tempted to move to a nicer area and carry on renting rather than buying in the rough area for the sake of owning a home. I have an ok job and my ex has 50/50 shared care.
WWYD? Is it more important to cut your cloth when you have kids and bring them up in a depressing area, or is it worth renting so that you and them can have a seemingly better lifestyle?