UGH. We may not be moving

[dawnwes]

How old are the kids? Does it makes sense to sell to downsize? Does it makes sense to not say you'll sell in 10 years but if anything changes year to year? You have 3 kids what happens and how long until all 3 leave? 10 years? Or sooner? Would you want the house you have if you had no kids? Would you need the space? Would you want something smaller?

A neighbor currently is moving out of their house this summer their youngest is a senior and leaving. They don't want 4 bedrooms so it's going on the market in a week. They said maybe they'll stay in the area but a 2 bd condo or townhouse is the size they want and can manage. So they are cashing out.

Apparently people are downsizing nowadays a lot faster than previous generations. I wonder if that might not be your case too?

No, we aren't ready to downsize. Dh has a woodworking shop in one of the garages and doesn't want to give that up, and he loves our yard, so a condo or townhouse would not work. There are some small houses in the area, but they are really too small for what we need right now.

If we stay here by the time school starts, and my youngest starts 7th grade at this school, we have decided to commit to a min. of staying in this house 6 more years to get him through high school.

I looked up the house info today. We have 11 years left on this mortgage. Our interest rate is 2.62%.

Oh, and the new townhouses going in about 6 miles north of us? $400K.

We left Los Angeles to live in a lower cost of living, and it is, but the prices are creeping up really fast.

[jasminecox]

Yes!

Facing difficulty.