Some stats to start off:
We are both 24 and soon to be married. We have a combined income of 130k which will increase to over 200k in the next 8 years. All student loans are now paid off and we have a net worth of about 62k (this does not include cars or any depreciating assets, only 401ks IRAs and our home). Since recently paying off all student loans we are moving close to a 55% savings rate.
We want to move to the city where we live so we can live a more fun and outgoing life style. We love to walk around the city, go to parks, cycle, go to sporting events, bars, etc. I realize moving to the city would be a huge lifestyle inflation but I am trying to decide if the added happiness would be worth the cost. Right now we live in a 201k home in the suburbs and we would be moving to a 350k-400k condo in the city. Commuting is not an issue as my SO works close to the city and I travel for work.
I realize there are huge differences between the two ways of living and I didn't want to spend the time listing them all out here, but they are part of the consideration.
The other option would be to live in the suburbs and then just buy a small place in the city for 150k-200k and set it up like a hotel room and potentially rent it.
Any advice would be appreciated as I really don't know what to think. I am leaning towards just letting it go as a pipe dream and to continue just putting away money, but there will always be a side of me that dreams of living in the city so everything is walkable.