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re: WSJ Piece: Young Americans Are Getting Left Behind by Rising Home Prices, Higher Stocks
Posted on 4/27/24 at 8:33 am to ragincajun03
Posted on 4/27/24 at 8:33 am to ragincajun03
We are going this now. Our starter "5 year" home we bought in 2016 has gotten too small for us now with 2 kids.
We have an offer on a bigger house with a yard, but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020...
We will be almost doubling our mortgage payment even with the move to a 30 year loan.
We have an offer on a bigger house with a yard, but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020...
We will be almost doubling our mortgage payment even with the move to a 30 year loan.
6
Posted on 4/27/24 at 8:37 am to Displaced
quote:
have an offer on a bigger house with a yard, but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020...
Rent and put the extra towards new house. Don’t give up property with rates we will never see again
Posted on 4/27/24 at 8:39 am to Displaced
quote:
We are going this now. Our starter "5 year" home we bought in 2016 has gotten too small for us now with 2 kids.
We have an offer on a bigger house with a yard, but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020...
We will be almost doubling our mortgage payment even with the move to a 30 year loan.
Add a room.
Posted on 4/27/24 at 9:00 am to Displaced
A bigger problem is people wanting to keep up with the Jones. My parents (WWII) raised 8 kids in an 1100 sq ft. house and it never seemed like it was too small. People have too much JUNK instead of cash. I have a 2600 sq ft home and now that the kids are gone it’s too damn big. I now realize it was all a waste of money even though I dont accumulate JUNK. But of course the wife does as is the norm.
This post was edited on 4/27/24 at 9:01 am
Posted on 4/27/24 at 9:50 am to Displaced
quote:Is the loan assumable?
but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020...
If it is, you can sell your house at a premium
Posted on 4/27/24 at 9:08 pm to Displaced
Knowing you would be moving soon, were you not squirreling away the savings from the low interest rate the last few years?
Posted on 4/28/24 at 4:17 pm to Displaced
quote:
We are going this now. Our starter "5 year" home we bought in 2016 has gotten too small for us now with 2 kids. We have an offer on a bigger house with a yard, but will be selling our house with a 15 year 2.25% mortgage we refinanced in 2020... We will be almost doubling our mortgage payment even with the move to a 30 year loan.
How small is too small?
Personally, I’d rather stay and instead invest that almost extra mortgage payment amount worth of $ and retire earlier?
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