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Would you move your family into an extended stay hotel IF..


it meant in two years you could pay cash for a house? We were recently offered a unique opportunity to have 3 connecting rooms in an extended stay hotel with all utilities and room paid PLUS two salaries a week. I have done the math and this would mean we could put enough money aside to pay cash for a house in 2 years. They have given us two weeks to decide. Would you do it?

 

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CraftytotheCore profile image87

CraftytotheCore says

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4 years ago
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    Peeples 4 years ago

    I guess we would still have 60,000 in savings. However if we had no savings at the end then the whole point of it would be lost. I just don't know, guess that's why I asked here. Thanks!

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Catherine Tally (cat on a soapbox) says

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4 years ago
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Christin Sander (ChristinS) says

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4 years ago
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    Billie Kelpin 4 years ago

    Christin, Peeples, I woke up at 3 am this morning worrying about my comment. (I hadn't realized Peeps, that you had children). We were transient those years, and so are the other people in the hotel. That becomes a consideration for children.


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Robert Allen Johnson (johnsonrallen) says

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4 years ago
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Billie Kelpin says

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4 years ago
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    Peeples 4 years ago

    It certainly sounds like fun, my children are not home schooled so the moving constantly isn't possible. There are many ups and downs to this which is why I asked for opinions. Thank you for your input! No worries!

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Penny Godfirnon (Penny G) says

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3 years ago
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P. Thorpe Christiansen (duffsmom) says

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4 years ago
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    Peeples 4 years ago

    It is in an awesome area and they wouldn't even have to change schools. We're just trying to figure out if moving them in a hotel is "healthy". Owning a home outright does sound wonderful! Thanks


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Renee' D. Campbell (ReneeDC1979) says

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4 years ago
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Motown2Chitown says

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4 years ago
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    Peeples 4 years ago

    This is why we are considering it. The thought gives us hope for a better future!

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JThomp42 says

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4 years ago
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    Peeples 4 years ago

    So far there is only one real downside we see and that is getting rid of our 6 year old dog. Just seems kind of abnormal to move the kids into a hotel. Thanks for the answer!