e86s54
Recycles dryer sheets
- Joined
- Jun 4, 2009
- Messages
- 190
So we (DW & I) own our home outright and its worth about $750k (about 25% of our NW). My perceived problem is that historically, houses in the area do not appreciate much, if at all. We live in this house and area for other reasons and won't likely move anytime soon. But we do plan on wintering south for 3 to 6 months a year starting as early as next year...we are 50 and 52 years old, have two kids, one finishing college and the other just entering.
So my options are;
1-Do nothing and think of it as an emergency nest egg.
2-Sell and downsize to something less than half the price
3-Borrow and invest to try and beat the home equity line of credit rate.
So I'm interested in what others have done, why with successes and failures.
So my options are;
1-Do nothing and think of it as an emergency nest egg.
2-Sell and downsize to something less than half the price
3-Borrow and invest to try and beat the home equity line of credit rate.
So I'm interested in what others have done, why with successes and failures.