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Nova Hokie 95

Joined: 08/14/1998 Posts: 42859
Likes: 13014


Except part of the push for moving, as I read it ...


Is to get out of the $300K mortgage -- meaning that whatever house he wants to move to is >$300K less than where he is now. For example, he's living in a $700K house and owes $300K in mortgage, but the house he WANTS to move to will cost $350, so he can pay for that out of his equity and lose the mortgage completely.

That's a huge point for me -- if I could move to a similar house and be debt-free, it'd be tough to pass up. If that's part of THIS move, it's a strong part IMHO. But it depends on the house being similar and not a piece of crap he'd be spending money on repeatedly to repair and rebuild while his wife puts up with lesser quality living.

(In response to this post by reestuart)

Posted: 12/11/2018 at 11:35AM



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Current Thread:
 
  
Debate with wife ... house downgrade or not? -- HokieHutch 12/11/2018 10:39AM
  You are making a big mistake -- MrBayAreaHokie 12/11/2018 3:11PM
  Sell it all - get a van ** -- bigbadbird 12/11/2018 2:33PM
  $2,300-$2,400k depending on property taxes each year -- HokieHutch 12/11/2018 3:22PM
  Don't move unless you need the $$ to fund college. -- GFallsFan 12/11/2018 11:34AM
  Don't ask don't tell ** -- bigbadbird 12/11/2018 11:32AM
  I'm with you on this one. ** -- reestuart 12/11/2018 11:29AM
  A couple questions pop up -- Nova Hokie 95 12/11/2018 11:08AM
  Answers -- HokieHutch 12/11/2018 11:21AM
  Who is Wayne and why is he coating your house? -- GFallsFan 12/11/2018 11:40AM
  Except part of the push for moving, as I read it ... -- Nova Hokie 95 12/11/2018 11:35AM
  Ahhh, okay -- I get it now -- Nova Hokie 95 12/11/2018 11:43AM
  Win-win! ** -- reestuart 12/11/2018 12:02PM
  Correct ** -- HokieHutch 12/11/2018 11:32AM
  Nice! ** -- reestuart 12/11/2018 11:35AM
  Explain to her that part of the pro of moving and having -- HokieSignGuy 12/11/2018 10:52AM
  How old are your kids? -- Dan1993 12/11/2018 10:46AM
  8 yr old daughter. 12 and 15 yr old sons. -- HokieHutch 12/11/2018 10:51AM
  Cheaper to keep her. ** -- vt90 12/11/2018 10:47AM
  Preach it lol ** -- HokieHutch 12/11/2018 11:25AM
  I'm staying out of this..... ** -- DonHo-kieHi 12/11/2018 1:01PM

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