On the face of it i would say that this is not something that i would do.
But then i am thinking about my home town which is tiny and i would be likely to encounter my parents around every corner and that would get really annoying.
also, i made a decision similar in that i applied for my degree all over (3 universities in Wales, Leeds, Derby, London) and when it came to chosing which to go to i chose Leeds because at the age of 18 the prospect of moving to Wales or down to London scared me. (i live in Harrogate, 40 minutes or so away from Leeds). I am pleased that i made that decision as even in Leeds i was SO homesick.
It's only now, aged 23 that i feel ready to finally go to university in Wales and i shall a week today for my PhD, but i bet i will be so homesick and feel as though i am a little too far from home. sigh.