Quote:
Originally Posted by noclue
you made the right decision, not many people have the guts like you do. I bought my house in 2009 during the recession and I don't have much mortgage left so I keep justifying that I'll be okay if we go into another recession or if the interest rate spikes. But I'm still worried and keep contemplating on selling and locking in my capital gains...
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Trust me, it was very difficult to convince my wife to do this. Our place was bought in 2005 so we did make a good profit from this sale (even after all the closing cost), currently the funds are sitting in a high interest savings account to stay liquid incase I need to access the cash. I'm currently renting a basement in the same neighborhood atm, paying 1000 a month so the lower monthly payments are helping me save up even more. From time to time, I do wonder if I did the right thing, but I must admit that the financial freedom does feel pretty good.