!homeowners would you rather stay in your slightly too small unglamorous house which you'll pay off completely within 7 years, or move to a much bigger more glamorous dream home, with a way bigger but still affordable mortgage for another 20 years?
I just don't know what people do in these situations.
I want the house but I don't want the added risk a bigger mortgage comes with. I.e. would need to build up bigger emergency fund despite having bigger outgoings.
I don't like my current house but I do like the idea of having no mortgage outgoings in 7 years.
What would you do or what have you done when faced with this decision?
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I took the fixer upper that you own quickly. I have my beef with the smaller house but its really affordable. That goes double for winter, smaller home is cheaper to heat and insulate.
After having kids the bs of life and insurance has hit me fairly hard. Minimizing bills is the only thing keeping me afloat
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