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If your house is currently worth $200+k over what you owe? I say cash in and buy something later. A lot of people will lean towards stability, but a savvy fina
by ChicagoDave 4y ago
If your house is currently worth $200+k over what you owe?
I say cash in and buy something later. A lot of people will lean towards stability, but a savvy financial person would sell sell sell.
- harambae 4y agoIt can be (mildly) emotionally scaring for young children to move houses. I mean, they'll get over it, but it can be a lot of crying in the short term. And that's not even getting into the costs associated with moving out and moving back in, and probably taking your vacation time for the year to do so instead of going somewhere fun. It's not just a dollars and cents issue when it's your actual home.
- ChicagoDave 4y ago100% agree. If you're a settled family with a 2% APR 30yr fixed, don't do anything. I'm more talking about people that are flexible.
- eftychis 4y agoWell that is one of the many arguments of why turning people housing/"homes" to investment is a terrible idea.