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Subject:  Looking ahead Date:  6/30/2000  12:31 PM
Author:  Amazonaa Number:  4338 of 20632

Greetings fellow Fools,

I am looking for some advice on a financial decision that I am sure will affect our future. We have owned a condo for 5 years now and our family is just starting to feel the need for more room. We have considered renting our condo. The rent locally would more than cover the payment of the condo, including taxes and the HOA fees. We would not mind living with a little less and have weighed buying just a slightly larger home instead of maxing out on our payment and making use of the equity in our condo. My husband and I are in our thirties and have heard that it will be harder to aquire income property later, as the interest on a home that is not owner occupied is much higher. I am seeking the wisdom of retired Fools who can possibly supply the insight I lack on this important decision.

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