Merry Christmas, y’all.
The short version is that life is starting to get really cramped for my wife and I and two little kids in our small one-bathroom house, and it’s only gonna get more so as the kids grow up. The ability to expand the house is very limited for property line and steep grade reasons.
If I started a new mortgage, I’d expect to only be in the new house for about 15 yrs and then sell it and downsize.
What are the general thoughts about pros and cons and my ability to retire while I can still enjoy it?
The short version is that life is starting to get really cramped for my wife and I and two little kids in our small one-bathroom house, and it’s only gonna get more so as the kids grow up. The ability to expand the house is very limited for property line and steep grade reasons.
If I started a new mortgage, I’d expect to only be in the new house for about 15 yrs and then sell it and downsize.
What are the general thoughts about pros and cons and my ability to retire while I can still enjoy it?