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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/sailrmac-wrote-move-out-of-san-jose-use-equity-20508972.aspx

Subject:  Re: Homes & School Districts Date:  3/19/2004  1:29 AM
Author:  CCSand Number:  67522 of 127262

sailrmac wrote:

Move out of San Jose. Use equity to buy a nice home, in a nice area, near things you like to do, with decent schools, for cash. Use remaining equity for investments: stocks, down payment on an apartment building in same area, etc. You stay home and raise the kids. Your hubby comes home at 5pm to play with them and retirees early if he wants to.

We're not in San Jose. We're actually already in one of the most expensive parts of the South Bay (hubby bought way before it became expensive). So it would be very easy for us to move somewhere else and have almost no mortgage. Even so, I don't think we'll have enough equity to be completely mortgage free, but it will be real close.

CCSand
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