Torn on if I should sell or not

My wife wants to move, and this decision is killing me. I would appreciate any help.

Here’s the background:

Paid 405k for a house in 2019. We put 80k down and have an additional 7k in principal since. We refinanced and have about a 2% interest rate. We pay about 2k+480 in HOA fees a month. Yes our HOA fees suck.

Houses in our neighborhood have been selling for 500k+. My wife wants to jump in on this and rent until we are ready to but again/when the market cools.

I don’t know what the right move is here. If we rent, we are probably looking at 2500-3000 a month (we have a baby, a dog and a cat).

In the past I’ve expressed the desire to move, but the way the market has been has made me appreciate what I have. I don’t really want to mess that up 🙁

Any insights would be very helpful! Thank you!

submitted by /u/OhWell-Okay
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My wife wants to move, and this decision is killing me. I would appreciate any help. Here’s the background: Paid 405k for a house in 2019. We put 80k down and have an additional 7k in principal since. We refinanced and have about a 2% interest rate. We pay about 2k+480 in HOA fees a month. Yes our HOA fees suck. Houses in our neighborhood have been selling for 500k+. My wife wants to jump in on this and rent until we are ready to but again/when the market cools. I don’t know what the right move is here. If we rent, we are probably looking at 2500-3000 a month (we have a baby, a dog and a cat). In the past I’ve expressed the desire to move, but the way the market has been has made me appreciate what I have. I don’t really want to mess that up 🙁 Any insights would be very helpful! Thank you! submitted by /u/OhWell-Okay [link] [comments]

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