I was aware that Providence had a poor school system. I did not know it was about the worst in NE, but either way I factored in the reality that I would be in Providence for less than 10 years probably. But, even had I the money to stay in Boston, I would have moved when it came time to put a kid in school. To me, even an ok city school system is still not comparable to a good suburban one (sorry in advance for my admitted suburban prejudice and p*ssing off a few of you who had a good experience in a city school).
But for me, the savings on my mortgage payment every month compared to living in Boston absolutely more than makes up for the flaws Providence has. I can't say I am sold on the long term health of the state, though. Things politically very much remind me of Massachusetts in the 1970's - when Taxachusetts earned its name, corruption was common, and Boston was shabby. Mass. made the changes neccesary to now have a state that other than high housing prices, is in great shape. I hope RI can make those changes, but I it seems the special interests have a very very tight hold and vested interest in keeping the status quo. The recent budget was a step in the right direction, however. I certainly hope things improve, because I love so much about the state otherwise. Oh ya, and would I invest in more property, I don't know, I am very conservative by nature, so maybe not now...