Read this carefully OP. It has everything you need to check/doublecheck before massively increasing housing obligations ‘forever’I was one of those people in my earlier years who kept on wanting the bigger house and always took on more debt and mortgage. My rational was that we “needed” the bigger place for the kids. In retrospect - I wish I had stayed in one of the slightly smaller houses along the way and enjoyed the extra cash- the mortgage and additional costs became an albatross and I felt trapped in my job because I needed to make sure I could pay the mortgage. Kids are gone after HS, and then a slightly smaller house is just fine. Didn’t get better until a divorce and sale of the last monster house made me realize that being completely debt free is a remarkable feeling that I am loath to relinquish. Too bad it took me 25 years to figure that out.
We decided to stay put and renovate ‘bigly’. Painful and still expensive, but has worked out great in every way. Most importantly, having a reasonable property tax payment for a vhcol.
Think very carefully…you are wise to create this post.
Statistics: Posted by Wannaretireearly — Wed Sep 04, 2024 12:25 am — Replies 30 — Views 2697