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Question for !homeowners

!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?

10
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What's the wife comfortable with?

If single pay that off and remortgage to buy a single family wreck that you turn into a legal duplex.

Now you'll have a source of income in 20 years (that someone else paid for).

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Wife wants the big house.

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I am jaded :marseybattered:, but is the current house your premarital property by chance?

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No current house is the second house we've owned together.

Went from starter home in 2010 to small family home in 2015 and now able to go to big family home.

My motivation for moving is basically: get my own shower/potty, garage, study, extra bedroom for guests/when I'm angry at my wife.

These might sound like basically for Burgers but this is Bongland so these things seem like a luxury in our tiny houses.

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Having your own space goes a long way

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A shocking revelation.

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Well that settles it.

Think of the children

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