My wife has been a stay-at-home mom for about ten years now. I was a staunch supporter of this arrangement and I was right - it's good for the kids. However, it's not all's it's cracked up to be for my wife unfortunately. She's the only stay-at-home mom in the entire neighborhood and that effectively means she's alone. It has gone on long enough that it has affected her personality some. If you do this, it's good for the kids, but consider your wife during the process.
Trust a man who has been through this. I would probably do it again, but I would have researched the neighborhood better for some contact for my wife.
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