1- Live in an expensive city (think D.C., Boston, Miami, LA, San Deigo), smaller house, significantly less fun money (must budget for things) with lots of great things do near you (aquarium, zoo, museums, great restaurants, great theater shows, etc).
ETA: with option #1 you could afford to do the fun things, but you would probably have to limit yourself a little. You just wouldn't have the other extras like lots of spending money for clothes, cars, toys, gadgets, private school, vacations would be fewer though you would still be able to take some trips.
Or
2- A city (think Kansas City, Memphis, Albuquerque) that isn't as exciting, would probably have to travel for most of the above things, but you could have a much nicer house with a lot of room in your budget for spending on extras (clothes, cars, toys, vacations, gadgets, private school, whatever).
This would be your forever home that you would stay in and raise your kids in.
Re: Poll : Would you rather
I would say #1 but it kind of depends on how much of a budget I would have to be on. If I couldnt enjoy any of the fun things around me then forget it. The size of a home certaintly isnt a concern of mine. I would actually prefer to live in a smaller home.
Option 2. It sounds like torture to live right near all of those fun things and not be able to afford them!
Edited- I saw the update that you could enjoy what the city had to offer but would be more limited. After reading your edit, I would still pick #2, but it sounds like there are pros to each.
Option 2 definitely. I am not a big city girl though so I would not want to live in D.C., NYC, Boston, etc even if we had all the money in the world to spend.
Also the cities you have listed in option 2 are still pretty big cities with things to do. We used to live 2 hours from Memphis and that is where we went to the zoo, children's museum, etc.
One hands down...... Almost like what I have now. Wouldn't have it ant other way
I consider all of the cities you listed in #2 to be larger cities. Although I'm not such a big fan of Albuquerque, there are some nice suburbs nearby.
They are a decent size, but not expensive.
1
The last place we lived was more like #2, and I didn't like it
We now live in 1, and the opportunities are too amazing to pass up
Yes, only we moved this year to an even smaller city and we're loving it.
We are living more like Option#1 and we are so happy! Life experiences, fun adventures, easy access to the arts & culture around us have been the highlights of the last 6 years. We have a 2bed/1bath with ZERO closet space and no backyard but we are in the heart of a walkable city thus, never home for long periods of time anyway and we LOVE it!
DH & I both have lived Option#2 our whole lives and left a huge house back in Texas when we moved here and honestly, we don't miss it, we don't regret it, and we don't see ourselves going back.
eclaire 9.10.06 diggy 6.2.11
We live Option 1 in an expensive city, in a small house now. That's how I grew up too.
I'd like to try #2, just to see what it's like.
DD#1~8/17/96------DS~10/24/05
This is us as well (though we don't live in Colorado :-)). We live 1.5 hours from the mountain, 1.5 hours from the beach, numerous waterways and even the desert. Though we live in the suburbs, it is only a 20 minutes drive to downtown where there are a variety of cultural activities. Though it is a medium sized city, I feel like we have the best of both worlds.
DD #2 - 03.13
If I had to choose, I would take option 1.
Where I live now is an immediate suburb of a large city with a MCOL. We are about 15 minutes from the city and it is accessible via car or transit, but we live in a SFH with great schools, walkable to a library, playgrounds, a little downtown etc. So I feel like we have the perfect spot
DS 3.12.08
DD 7.11.09
DD 8.01.13
That's exactly us (well, we're about to move a mile down the road to this exact type of area). It's like it's own little city, but really close (7 miles) to a major city as well. The schools are ranked as some of the best in the country. To us, it's the best way to live.
I totally vote for option 2.
I like the idea of a small town feel and I'd rather live "below" our means then be on a tight budget, and have some room for fun stuff too.