Support & Love needed 👩‍👧‍👧: I was about to put my house on the market when all of this started. Thank God, I haven’t Because I would not want strangers visiting my home right now. I need to move to ....>

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Just remember that while the rent may be the same amount of a mortgage, you won’t be paying for any of the other costs that come with the costs of owning - repairs, maintenance, lawn care, etc. It isn’t as simple just looking at those two amounts so I wouldn’t be worried about “paying for someone’s mortgage.” I’m a primary home owner and a landlord but there are many times I wish I was a renter.

Also, interest rates aren’t “so much higher” than a few months ago. 4% down to 3% or whatever just doesn’t materially matter esp. with interest deductions of you itemize. People in the early 90s were paying 10+%! So don’t let that bring you down.

I also caution against the “just rent your current house advice.” It isn’t easy being a landlord, especially if you don’t have at least some handyman type skills/knowledge.

Take a breath and relax. If the worst case is you and your family are healthy but your kid goes to a bad school for a few months (won’t have to wait a whole year), you are going to be okay.

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Thank You 🙏🏾😊

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Why don’t you rent your current house and also rent? The housing market prices will dip going forward as people are laid off and cannot afford their mortgages so I wouldn’t want to enter into any big financial commitments during these uncertain times

likehelpful

Yeah you’re right... have faith and take care of yourself and your family! Don’t over stress

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To move in a better school district for my two daughters.

1. I am scared I won’t be able to get all this done by August.
2. I am also scared that the new house may be too expensive in case I loose my job etc ( don’t think this will happen but who knows.)
3. Interest rates are so much higher now than they were a few months ago.

Should I just sell my house and rent? The thought of renting freaks me out knowing I will be paying for someone’s mortgage and it may be the equivalent of a mortgage.

The sale of my old house should give me at least 20% down and I saved up about $20k for my emergency fund and maybe putting more down.


Would you take a home equity just to buy a new house if the old house doesn’t sell? Knowing you can barely afford old and new mortgage? Would you put your kid in the 1/10 school rating and wait for a year?

No, in Atlanta

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