With spending 300k seven years ago what is the value of the property now? Would't be surprised if it's 600k+. Let's assume you put 60k into downpayment and mayb

With spending 300k seven years ago what is the value of the property now? Would't be surprised if it's 600k+. Let's assume you put 60k into downpayment and maybe you've gotten another 40k in principal put in from payments. That's 400k of equity you can put into a new place. Sure this is technically option 2, but it's not as terrible if you compare to people that are buying now without having equity grown for years to help purchase.