That's another $620 a year
That is a lot of dosh, and what about the year after that..what will it be.
It is a tough choice to make, nobody wants the upheaval of moving.
I think we are in for tough times ahead everywhere, maybe take that profit from your house and downsize, it could be a win win!
Part of our decision is precisely based on the fact that it's only going to get worse. We hate moving, and we put a lot of love and sweat equity into this property... and even though we thought we'd planned ahead when we bought this place, we did not "plan" for our costs having almost tripled over the last 15 years, while our incomes have only risen by about 30% during the same time. That's a huge relative net loss...
I suppose the "good" news is that the house is worth more than triple what we paid, due to the insane property prices...