as dah pointed out it can be done but how much re-cutting is necessary? I've found very nice wool trousers about three sizes too big but ridiculously on sale (like retail $200+ for around $20). I knew the fabric alone would cost about $80 per yard, so I spent the extra money to do the alterations and ended up w/ a fabulous pair of slacks for about $75. In that case it was worth it. You need to asses those variables and decide... given the measurements you provided I would think you may not have enough in the inseam to get at least two more inches on the hem. and of course you need a great tailor!