Thanks for the thoughtful reply
Wow and thanks for that informative reply. From a pure financial sense, no emotion at all, selling the house is the answer as we would not loose money.
However, a house is a place to live and up and moving is a tough thing to do. I am not sure how buying and selling, in this market would work. It could take quite a bit of time and effort. Lots of homes to choose from, but selling our could take some time. In additional to downsizing the mortgage though, we would be looking to reduce our commuting costs also. Just moving 10 miles closer to work (25 versus 36) and being closer to shopping and etc. I figure would save and additional 150 in gas and wear and tear on the cars. Also, after calling the power company, more reasonably sized houses around 2000 square feet would typically save about 100 or more a month in utilities.
Either way, I think the best thing right now is to set tight and to continue to study the options. Maybe I am getting older or wiser or something, but the most important thing to me is time and money (saving it , etc.) and moving would probably provide both. With a wife and three young children involved it does get a little complicated.
Thanks again for your advice. I will continue to look over it and keep this link updated.
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