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Have you considered cashing out? Meaning selling the house so you get you equity back. Maybe you can use that to move somewhere more affordable and start over.
by shaman1 4y ago
Have you considered cashing out? Meaning selling the house so you get you equity back. Maybe you can use that to move somewhere more affordable and start over.
- SamWhited 4y agoI've thought about it, but I don't think that's actually an option. Renting is just going back to throwing money into some asshole landlord making profit off of other people not wanting to be houseless, and everywhere else where I'd have any possible desire to live is getting more and more expensive too, so even though I'm lucky in that my house has gone up a lot it doesn't actually do me any good if I want to buy again and I'd just be wasting that equity slowly by renting (and then be back in the same position in a few years having burnt all that equity up). Might as well try and figure out a way to stay instead; if I fail and lose it I'll just be in the same position I otherwise would be in, just a few years earlier.
- thfuran 4y ago>even though I'm lucky in that my house has gone up a lot it doesn't actually do me any good if I want to buy again That's only true if you want to buy again somewhere with similarly priced real estate rather than somewhere with cheaper real estate.
- SamWhited 4y agoI mean, I'd love to buy somewhere cheaper, but that would require being even further outside of the city (and further from work) than I already am. Taking a job outside of the city means lower pay, making that place just as expensive as being sort of near, but not quite near the city. Not to mention that I'm already in a fairly cheap market (I mean, it's the Atlanta area so it's not "cheap", but it's not New York or San Francisco or what not). Trust me when I say that you can't live in (or near) the city without roommates unless you make a software salary or are very lucky.
- atom058 4y agoI hope/pray you find a way