We love the house, the schools, the neighborhood and town so much that we could happily stay here until the house is paid off. After everyone’s help on this thread and much discussion, we are going to pick up some extra shifts at work, sell a kidney or 2 on the black market, and go with Option #1.
Thank you all so very much :)[/quote]
Wise choice, except the kidney part.
I’m very familiar with SM and can tell you for sure Option 1 is your best choice given your situation.
It will be painful for awhile trying to make ends meet, but using some of the suggestions on here will help out a lot.
The rental market in SM right now is hell with a lot of competition for few units. And your rental costs would be sure to go up yearly.
No, you guys made a wise move in buying your place. Let that equity continue to grow.